With recent bullish momentum, including institutional interest and Solana price prediction for a potential breakout above $200, SOL is spearheading the altcoin season in fashion. The altcoin has recovered from its April low of $100, outperforming Bitcoin and Ethereum in the same time frame.
Similarly, a new entrant, Remittix, which was developed to cater to the multi-trillion-dollar global payment market, has climbed by 550% within months of its launch. Today, we will explore why Remittix is putting up such impressive numbers before revealing the Solana price prediction for the altcoin season.
Remittix explodes in PayFi adoption as investors await 100x surge in 2025
The current Remittix presale has been the highlight of a crowded crypto space. Retail investors have been racking up millions of RTX tokens since its presale went live, minting about 531 million in this time frame. The presale has gone past the $14.8 million mark, showing the faith in Remittix’s actual utility in the real world.
After all, with its proprietary PayFi protocol, Remittix promotes instant crypto-to-fiat exchanges, with customers able to send over 40 different cryptocurrencies to bank accounts in just a few minutes. By cutting out costly intermediaries, Remittix (RTX) brings transaction fees down to just 1%, with no foreign exchange charges, something that many investors believe gives it an edge over SOL.
Remittix assigns all its operations to the native RTX token with governance rights. Its tokenomics in an organized format also shows a long-term growth strategy. The majority of the tokens are distributed to liquidity pools and community rewards to incentivize the ecosystem and anchor prices.
RTX holders also get a maximum of 18% APY when they stake their tokens on the platform. This feature makes Remittix lucrative not just for market participants but also as a source of passive income in a safe and scalable blockchain environment.
Solana price prediction: Bulls prepare for a $200 breakout in May amid strategic partnerships
Solana recovered above the $150 psychological zone in May, gaining over 30% and reclaiming its 20-day EMA. News surrounding Backpack Exchange’s SOL staking initiative and potential adoption by Robinhood in Europe adds fundamental weight to the ongoing technical recovery.
Meanwhile, Solana maintains the top position in most DeFi metrics, reflecting continuous core protocol enhancements. In an X post, Santiment depicts the top Solana ecosystem projects by development activity in April and May.
The analysis, based on meaningful GitHub contributions, places the core Solana protocol well ahead of other active projects like Pyth Network ($PYTH) and Helium ($IOT). This insight offers a clear look at where building efforts are concentrated on the network.
Source: Santiment on X
With this positive outlook, Binance traders remain highly optimistic about the altcoin breaking above $200 before the end of Q2. CoinGlass data reports that Solana derivative traders on Binance now hold a long-to-short account ratio of 1.69, indicating strong bullish sentiment.
Long positions have increased to 62.78%, dominating market sentiment, as Solana’s open interest surged by 4%, reaching $5.65 billion.
Conclusion
Solana and Remittix are positioned to lead the next altcoin season as the cryptocurrency market matures. Solana’s technical performance and network activity point to a break above $200, while driving SOL towards $500. On the other hand, Remittix’s emphasis on meeting daily global payments needs could catapult it to the top 50 cryptos in 2025.
Moreover, Remittix, still available at just $0.0757, offers an outstanding starting point for those trying to profit from the next big crypto discovery.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix