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Cryptocurrency News Articles
Solana, Cardano, and Remittix Position Themselves as the Best Altcoin Investment Options of 2025
Jan 20, 2025 at 03:01 am
Solana continues to experience a strong uptrend, breaking past crucial resistance levels while positioning itself for higher price movements.
Solana (SOL) price continues to rally past crucial resistance levels, positioning itself for higher price movements. Over the week, Solana’s price has surged by over 15%, signaling robust uptrend momentum within the crypto market. A recent rally in Bitcoin’s price seems to have fueled an altcoin rally, as Cardano (ADA) has also seen a weekly rally of over 21%.
According to Peter Brandt, ADA is set to undergo a major rally, with the double-bottom pattern as the confirmation. However, the crypto market spotlight has shifted to Remittix (RTX) presale as the project hits impressive milestones with a new price rally to $0.0217, representing an over 44% rally from its starting price of just $0.015. Investors believe Remittix has a unique value proposition at its core, owing to its unique PayFi protocols that simplify cross border payments.
Solana Price Rallies By Over 15%, Breaking Key Resistance Levels As Eyes $330
Solana has been cementing its place among the top altcoins, having regained a bullish outlook with a daily surge of over 3%. Solana’s impressive performance signals strong investor confidence backed by its technical indicators, including the RSI at 61. Recent On-chain data points to a significant whale activity within the SOL token.
A prominent Solana whale recently spent around $2.49M to acquire 11,824 SOL tokens. This was followed by a withdrawal of around $3.94M worth of tokens from Binance, depositing the funds to Kamino and borrowing $20M stablecoins on the DeFi platform. This increasing whale activity suggests a surge in institutional investors’ trust in the Solana token.
Moreover, according to Jelle, the ongoing rally in the price of Solana has helped the token break past key resistance levels. The SOL price broke free from its long standing dipping trend to reclaim its weekly and monthly support levels, signaling that the SOL token is now set for future growth. The analyst suggests that the Solana price, which has been hovering above the $217 region, could target the $330 level.
Peter Brandt Predicts A Massive Rally In Cardano's Price
Cardano has already recorded an impressive weekly rally to trade around the $1.06 level. The ADA’s price movement aligns with the broader market optimism, which has fueled an upcoming altcoin rally. If the ADA token breaks the $1.18 resistance, it could hit the $1.33 target.
Legendary trader Peter Brandt has stirred excitement among investors with his latest bullish prediction for Cardano. Brandt identified a double bottom base pattern in Cardano’s price actions, which was regarded as a bullish reversal sign in technical analysis. The pattern points to an incoming rally in ADA’s price supported by technical indicators.
Cardano's price has climbed above the 50 day SMA, with the RSI at 62, hinting at an uptrend momentum. A break past $1.18 could propel the price of ADA toward $1.33, while a sharp dip might see the token revisit previous support levels. If Cardano manages to sustain an uptrend trajectory to confirm a bullish pattern in the incoming altcoin rally, it will position itself among the best altcoin investment options of 2025.
Remittix Offers New Level Of Efficiency In Global Payments
Remittix (RTX) continues to stand out with its revolutionary approach to processing crypto-to-fiat transactions. The project allows users to easily convert 40 plus cryptocurrencies to fiat and transfer the money to any global bank account. This will eliminate the inefficiencies of traditional payment systems, which include long processing times, limited accessibility and hidden fees.
Moreover, Remittix's focus on security and privacy, which are key in the financial landscape, sets it apart from other competitors, including Coinbase and Stripe. Remittix ensures that the recipients receive their funds as standard bank transfers without indicating that the process started as crypto. This unique mechanism ensures that Remittix users benefit from blockchain technology without compromising privacy.
Remittix's appeal also lies in its capability to foster financial inclusion worldwide. Many areas lack the needed access to compete globally. However, Remittix’s 24/7 accessibility and lack of reliance on traditional banking infrastructure guarantees great assistance to underbanked populations within the global economy.
This mission reflects the project’s goal of democratizing cross-border payments and reducing financial inequality. This has also helped drive the Remittix presale to new heights, with the presale revenue hitting over $3.3M, as the RTX token is set to rally to $0.0221 in a few days.
The Best Altcoins To Invest In Q1: Solana, Cardano And Remittix
Solana's price has regained bullish momentum, breaking past key resistance levels while setting the pace
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- New FASB Accounting Rule May Have Helped Tesla Book a $600M Bitcoin Profit, but It Could Land MicroStrategy With a Huge Tax Bill
- Feb 01, 2025 at 10:50 am
- Roughly 26% of Tesla's net income for the fourth quarter of 2024 came from its bitcoin holdings. The company was able to book these bitcoin-derived profits due to a change in Financial Accounting Standards Board (FASB) guidelines for crypto assets.
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- Intesa Sanpaolo, Italy’s Biggest Bank, Now Holds Bitcoin
- Feb 01, 2025 at 10:50 am
- With assets of approximately $1 trillion, Intesa Sanpaolo is Italy’s biggest bank. The purchase, made through a proprietary trading desk for digital assets established by the lender in 2023, comes amid a wave of institutional interest in Bitcoin.