Solana flips Ethereum on nearly every metric: Another crypto to watch

Analyze the recent rise in Solana and Remittix as another crypto to watch.

Solana (SOL) is regaining strength after its blockchain saw record Dex volumes on January 19. Although Sol has yet to reach the $300 price level, analysts are optimistic that the rally will continue over the coming weeks.

Meanwhile, another Challenge Altcoin is dominating the headlines; The new Payfi Remittix protocol. Seeking to simplify cross-border payments and remittances, Remittix attracts thousands of new investors during its pre-sale.

Solana Continues to Rally Amid Increased Demand

Solana reached an all-time new price of over $290 on January 20 after the release of Donald Trump’s Trump token on its blockchain. After this rally, Solana price saw a minor correction, although investors remain optimistic. The Sol/USDT monthly chart also confirms bullish theories as Solana recently broke out of a cup and handle pattern.

Solana’s social dominance has also peaked over the past seven days. With more conversations surrounding Solana, analysts expect the price of Sol to increase due to high demand. Solana’s decentralized exchange volume also surpassed $27 billion on January 19, which was more than the BNB chain and Ethereum combined.

If the uptrend continues, it could have a positive impact on Solana price. Solana is currently trading at $256.43 after a 24-hour increase of 16.82%. Since the Solana momentum indicator reflects bullish dominance on the daily chart, Solana price may test the critical $300 resistance soon.

Remittix attracts massive capital inflows

Remittix is ​​a Payfi altcoin designed to make cross-border payments easier than ever. At the start of its pre-sale, Remittix has accumulated over $5.4 million, with a massive adoption rate.

The appeal of Remittix lies in its goal for seamless crypto-to-fiat conversion within 24 hours and removal of hidden fees. Using the platform, individuals will be able to convert their cryptocurrency to Fiat and deposit funds into local bank accounts without third-party intermediaries.

User safety is the top priority on Remittix as the platform will use a fully verified smart contract to process each transaction. With no central authority, Remittix ensures that every transaction is peer-to-peer and has no banking restrictions. Remittix is ​​also committed to transparency as the platform uses Blockchain technology to provide a public ledger for all transactions made on the platform. All payment records are 100% immutable, improving user confidence in Remittix’s new PayFI ecosystem.

Remittix will further support cross-border e-commerce transactions through its Pay API. Merchants will be able to use Remittix to receive and withdraw cryptocurrency payments from customers in over 30 fiat currencies or 50 different cryptocurrency pairs. The user-friendly payment feature will provide customers with the same level of security as traditional payment methods, putting Remittix at the forefront of Defi.

The remittix Payfi ecosystem is powered by a native RTX token, which will offer utility and governance rights to long-term investors. VIP level holders will enjoy rewards with up to 18% APY as well as premium voting privileges that convert them from investors to important stakeholders in the Remittix ecosystem.

Given Remittix’s approach and low-cost payment solution, analysts expect this new PayFi protocol to outperform Solana’s blockchain. As Remittix bridges the gap between traditional and digital currencies, the RTX token is expected to see several demand-driven price jumps.

Currently, RTX tokens are selling for $0.0297, giving traders a lower entry point before the price increases in the next presale phase.

For more information about Remittix, visit them website Or Online community.