Remittix Growth: PayFi Protocols Crypto Coin Accrues Almost $10 Million in Months

Remittix is quickly becoming a dominant force in DeFi, but how does it stack up against top crypto performers such as Solana?

Remittix, a PayFi protocol, has quickly gained attention for its potential to revolutionize cross-border crypto payments. Its presale has raised nearly $10 million in just months, leading many analysts to compare Remittix to established giants like Solana.

Remittix aims to provide a solution to the inefficiencies of traditional banks and enable users to convert their cryptos into fiat for fast transfer. Its PayFi protocol allows individuals and businesses to bypass the high costs and lengthy processing times of centralized financial systems.

For businesses, Remittix offers an e-commerce-friendly Pay API that facilitates cryptocurrency payments and provides the option to convert them into fiat. At the center of this protocol is the RTX native token, which offers value-driven utility as both a staking and governance token.

As the ICO phase continues, RTX crypto coins are priced affordably at $0.0521, presenting an early entry point for investors.

Solana, on the other hand, is the brainchild of Anatoly Yakovenko that has changed the landscape of DeFi and dApp development in a short span of time.

Launched in 2020, Solana has showcased the massive efficiency and scalability that third-generation networks can achieve with its Proof of History consensus algorithm. Over the years, Solana has built on this innovation. Now, with recent technical and market developments, Solana is gearing up for what could be its most significant rally yet.

Following Trump's pro-crypto activities, Solana has reached a new ATH of $294, with over 130% 12-month growth. Onchain performance has been impressive as well, with TVL rising to a whopping $11.3 billion from just $260 million at the height of the FTX collapse.

Technical analysis also complements the positive sentiment around this top crypto asset. A symmetrical triangle price pattern that suggests more upsurge is gradually playing out, and we could see this top crypto performer ride the wave to a new ATH of $330.

Apart from the technicals, Solana has also been at the focal point of institutional interest as the next in line for spot ETF approval after BTC and Ethereum. Currently trading near $240 psychological support, Solana's strong market position places it poised for a strong rally soon.