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Cryptocurrency News Articles

Remittix Presale Gains Traction as Polygon and Solana Show Signs of Crash

Jan 29, 2025 at 09:35 pm

The cryptocurrency world is currently experiencing a downturn in prices and this doesn’t exclude coins like Polygon and Solana. Over some time, Polygon

Remittix Presale Gains Traction as Polygon and Solana Show Signs of Crash

The cryptocurrency market has been experiencing a downturn in recent times, and this has affected the prices of several coins, including Polygon (MATIC) and Solana (SOL). While Polygon has been experiencing a price decrease, signifying a possible crash, Solana investors have started turning their eyes toward other investment opportunities, one of which is Remittix (RMX).

As Polygon experiences a price decrease, investors begin to worry about a possible crash.

According to data from Footprint Analytics, the number of unique active wallets has decreased by 22% and Polygon's dApp volume is estimated to have decreased by roughly 41% during the past 30 days. For Polygon, this significant decline in utilization is problematic and suggests that a far larger price reduction may be imminent.

This coin is currently trading hands for $0.413 at the time of writing, sitting on a critical support level. Experts believe that a reduction below this current level will lead to a more bearish run which will end up crashing the cryptocurrency. These signs of crash have been noticed by the investors of Polygon and have prompted them to take immediate action in the search for an alternative.

Solana investors brace for a price drop below $210 as TRUMP meme coin demand fizzles out.

Solana experienced an all-time high in price and demand after the launch of the Solana-based memecoin, TRUMP. The significant high demand for this TRUMP coin propelled the price of Solana to about $295. Lots of investors expected this price to remain stable for a while, but it was not to be so as Solana experienced a massive decline in price after the inauguration of President Trump.

Currently trading for $234.53 at the time of writing, Solana is expected to drop further as experts have predicted a price below $210 in the coming days due to the dwindling demand for the TRUMP meme coin. If the selling pressure on Solana increases, there is a huge possibility of Solana trading far below $210. This prediction from experts has propelled Solana Investors to look for a new investment opportunity and thus has led them to the Remittix presale.

Remittix aims to revolutionize payment transactions with its cross-border fiat to crypto transfer service.

In a bid to make cross-border transactions faster and much easier for the cryptocurrency community, Remittix was created to revolutionize this industry and make more options available for the cryptocurrency world. Remittix allows cryptocurrency holders, investors, and businesses to facilitate transactions globally straight from crypto to fiat, leveraging their local payment networks and blockchain technology. This allows their customers to enjoy cryptocurrency speed.

As a payment option, Remittix thrives on its ability to maintain simplicity and privacy in such a way that the recipient gets their transfer in fiat transfer without ever knowing it started as a crypto payment. This allows users to move funds discreetly with full freedom. Remittix operates around the clock and it is independent of any banking hours or holidays which might affect local payment networks.

The ability of Remittix to transfer crypto funds as fiat payment is its biggest advantage over its major competitors, as none of them have this feature yet. Remittix has just launched its public presale, which aims to raise $36m and the uniqueness of this project makes experts predict 8 weeks for presale sellout.

To discover more about Remittix and join the presale, click here :

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

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Other articles published on Jan 31, 2025