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Cryptocurrency News Articles

Remittix (RTX) Presale Surges Past $12 Million as Solana (SOL) Stagnates

Feb 14, 2025 at 05:35 pm

Solana (SOL) has been one of crypto's biggest comeback stories, but lately, the cracks are starting to show. While the network's daily active addresses have surged, much of that growth appears to be driven by bots and speculative meme coin trading rather than real adoption.

Remittix (RTX) Presale Surges Past $12 Million as Solana (SOL) Stagnates

Solana (SOL) has been one of crypto’s biggest comeback stories, but lately, the cracks are starting to show. While the network’s daily active addresses have surged, much of that growth appears to be driven by bots and speculative meme coin trading rather than real adoption. Add in the volatility and questions around long-term sustainability and some big Solana holders are hedging their bets elsewhere namely, Remittix (RTX).

Remittix (RTX) is carving out a niche in payments, with PayFi integrations that are actually being used. That’s why it’s up over 200% recently while Solana (SOL) continues to stagnate. As institutional players look for reliability, could Remittix be the smarter bet for long-term growth? Let’s break it down.

Solana’s Future Hangs In The Balance

Solana (SOL) has seen huge fluctuations lately despite a surge in mid January, Solana has now dwindled to the $192 mark, after losing 3.7% of its value in the last week. On-chain analytics paint a mixed picture. The network has more than 5.8 million daily active addresses versus 644.7K a year ago, which obviously represents a big increase in popularity. But looking deeper, many of these wallets contain little or no Solana, raising questions about the real level of genuine user engagement.

Recent increases in active addresses may have been caused by bot activity or meme coin proliferation on the platform rather than organic growth. This begs the question of whether Solana can sustain its growth. A further downside is the high percentage of Staked Solana – over 83% of the circulating supply. It shows confidence among holders but also means a large portion of tokens is locked up, which may limit liquidity and raise volatility in the long term.

Remittix Sets a New Benchmark for Crypto-to-FIAT Payments

Cross-border payments have long been plagued by slow processing times, excessive fees and restrictive banking networks. Crypto was meant to change that, offering a faster and cheaper alternative. But the reality? Converting crypto to FIAT remains an inefficient, costly, and time-consuming process. Traditional exchanges eat into profits with conversion fees, bank withdrawals take days and sending money across borders is often just as expensive as using a bank. Businesses also struggle with crypto volatility, regulatory barriers and limited options for settling transactions in FIAT.

Remittix (RTX) is providing the fix. The platform allows users to instantly convert over 40 cryptocurrencies into FIAT currencies and send funds directly to any global bank account. No hidden fees, no middlemen, just an efficient way to move money using crypto.

Take Noah, a freelance designer in South Africa who gets paid in USDT by clients overseas. Instead of dealing with exchange platforms, fluctuating rates and withdrawal delays, he uses Remittix to convert USDT into South African Rand, with the money arriving in his bank account instantly.

Many businesses shy away from adopting crypto payments as a viable payment method, often due to a lack of confidence or technical expertise. This is completely valid. Market volatility, unpredictable settlement processes and difficulty converting crypto into FIAT make this process unapproachable for many business owners. The Remittix Pay API simplifies this, allowing businesses to accept crypto payments while automatically converting them into FIAT. Whether it’s an e-commerce store, a service provider or a global enterprise, Remittix ensures companies can tap into the crypto market while receiving stable FIAT settlements without the usual risks.

Privacy is another growing concern in global finance. Banks monitor transactions, payment processors collect extensive user data and even crypto exchanges enforce strict identity tracking. With Remittix, users can move money without unnecessary scrutiny. When sending funds, the recipient receives a standard bank transfer with no indication that the transaction originated from crypto, ensuring secure and private transactions.

Beyond usability, Remittix is structured for sustainable growth. The Remittix token (RTX) has a capped supply of 1.5 billion tokens, creating a scarcity-driven model that increases demand as adoption rises. Unlike FIAT currencies that are subject to inflation and devaluation, RTX’s fixed supply ensures long-term value retention, making it a digital asset with real potential.

RTX Presale Soars Past $11.8 Million as Investors Take Notice

The presale has now raised over $11.8 million, with investors moving quickly to secure RTX tokens at the current price of $0.0599 before the next price increase. With its ability to seamlessly connect the crypto economy to FIAT payments, analysts predict an 800% price rise during the presale, with further momentum expected post-launch. For any proactive investor looking to get in early on a market disruptor, Remittix (RTX) is not a project to sleep on in 2025.

Discover the future of PayFi with Remittix by checking out their presale here:

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Other articles published on Feb 15, 2025