The cryptocurrency market has once again taken a dive into the red sea, exposing projects like Solana to enormous selling pressure.

After a successful two-year run, the SOL token now looks to be in a tricky situation, having dropped from its all-time high of $295 to below $130.

The cryptocurrency market has once again taken a dive into the red sea, exposing projects like Solana to enormous selling pressure. After a successful two-year run, the SOL token now looks to be in a tricky situation, having dropped from its all-time high of $295 to below $130.

As gas fee revenue dropped to a six-month low, questions linger on whether SOL can ever return to its former glory—or even exceed its peak—should major catalysts, such as ETF approvals, not materialize in the near future.

And now with newer projects like Remittix coming into the scene investors are shifting allegiance as this new project promises 1000% increase and is founded on practical solutions. Let’s see how this affects Solana price prediction in the upcoming weeks. Will Remittix finally steal the show?

Solana: Confronting Bearish Forces

Solana’s downtrend has been particularly steep, falling over 50% in a few months. Traders worry that if Bitcoin can’t maintain its $75,000 level, which is already troublesome given the broader macro backdrop—SOL could fall below $100. That would be a massive psychological blow, further undermining investor sentiment.

One of the most significant contributors to the current situation is the ongoing dip in meme coin activity, which was previously a goldmine for Solana’s on-chain fees.

During the height of meme coin hype in January 2025, websites like Pump.fun allegedly earned over $15 million in daily fees, dramatically propelling Solana’s network revenue to record levels. Yet, with the hype surrounding top meme coin ICOs losing steam, both transaction fees and user activity have plummeted.

To add to the woes, news of delayed ETF approval drained expectations of an immediate market recovery. A successful ETF launch could have led to money flowing back into crypto, including Solana, reactivating on-chain activity. Investors are instead cautious.

They are not eager to put money into new Solana-backed projects or NFTs for fear that another downturn in the market will lead to larger losses.

Currently, Solana’s strongest chance for a speedy turnaround lies either in a radical market shift or revival of interest in meme coins. If BTC finds stability above $80,000 and meme coin speculation mania returns, it can provide a sharp boost to Solana’s revenue, which can trigger another bull run.

In the meantime, analysts are conservative, predicting SOL to remain in the vicinity of the $100–$130 range unless major investors enter the scene.

Remittix: An Emerging DeFi Powerhouse

While Solana grapples with the fading excitement surrounding meme coins, Remittix (RTX) is swiftly gaining momentum in the DeFi landscape. During its presale, Remittix successfully sold over 521 million tokens, amassing nearly $14 million—even as the market faced a downturn.

Early supporters who purchased at $0.0734 have already achieved impressive four-digit returns, highlighting the token’s strong demand. Analysts forecast an additional 200% increase by March, with the potential for even greater gains if the overall market sentiment improves.

Remittix addresses an actual issue: cross-border payments. By leveraging local payment rails and blockchain technology, the platform allows users to convert over 40 cryptocurrencies into fiat and deposit it directly into global bank accounts.

As opposed to transfers that may take days, Remittix makes transactions at near instantaneous speeds with no hidden fees. This approach attracts freelancers, businesses, and migrant workers who need quick, secure cash flow.

Enhancing its appeal, the Remittix Pay API enables merchants to receive a range of digital assets and settle in fiat. A public ledger provides complete transparency of transactions, thereby reducing risks of manipulation.

This real-world, daily application sets Remittix apart from numerous tokens that are based on speculation. Should the world markets become stable, Remittix’s cross-border payment solution could still continue to flourish, particularly in areas shut out by current banking infrastructures.

In the cryptocurrency community, some have likened Remittix’s growing status to Ripple (XRP)’s beginnings but with an even more expansive consumer-focused approach.

The team is determined to gain risk-averse investors’ trust by achieving liquidity, passing successful smart contract audits, and planning to renounce ownership in the future. If these plans pan out, Remittix could be poised to sustain its run even in turbulent market conditions.