Solana Market Cap Halving Raises Red Flags as Investors Move to New PayFi Token Remittix

The Solana market cap has attracted bad publicity due to the recent LIBRA memecoin fiasco, which included the president of Argentina, insider trading

The Solana market cap has taken a hit recently, thanks to the memecoin fiasco. But while rival communities are taking shots at Solana, a massive SOL token unlock event is adding fuel to the fire — and could lead to even more selling pressure for the sixth-largest cryptocurrency.

In light of this, more investors are turning to Remittix, a new PayFi token.

Solana Token Unlocks Could Lead to Market Cap Halving

Last month, an anonymous crypto critic named artchick.eth broke down Solana’s token unlocking schedule for 2023. While Solana’s current token inflation rate is 4.715%, nearly 15 million SOL tokens will join the circulating supply over the next three months — an amount valued at over $7 billion.

In fact, the SOL price has already dropped by over 12% in just the last seven days, bringing it to $159.49. The token’s weighted sentiment has also declined over the past few days — a sign of increasing bearish sentiment at a time when FUD around the massive token unlock is high.

Similarly, crypto trader RunnerXBT has stated that buying Solana is “dangerous” at a time like this, due to the impending halving of the Solana market cap.

Speaking on the same unlocking event, the trader highlighted that once SOL unlocks and the Solana market cap halving occurs, firms like Galaxy, Pantera and Figure stand to collect $3 billion, $1 billion and $150 million, respectively, in unrealized profits.

Given the minimal incentive to hold SOL amid a worsening market sentiment — further worsened by the recent memecoin event — it’s likely that most of these corporations will sell their allocations.

In light of this, Kelly Greer, managing director at Galaxy, has attempted to downplay the FUD around the unlocks. According to Greer, Solana saw $3.6 billion in 24-hour spot trades, while the upcoming unlock is only 2.31% of the total supply and market cap. Therefore, the Solana market cap will likely absorb the selling pressure leading up to the unlock. It was interesting to note that t

A Massive Rally Is Imminent For Remittix

Offering fast and affordable cross-border solutions, Remittix (RTX) is revolutionizing global payments by merging FIAT transactions with blockchain technology. With support for over 40 cryptocurrencies, the platform enables quick conversions into FIAT currencies such as USD and GBP, ultimately allowing for easy bank account deposits.

In comparison to traditional payment providers like Stripe and Wise, Remittix emerges as the superior alternative. The platform ensures accessibility and inclusivity for both businesses and individuals by supporting over 50 crypto pairs and 30+ FIAT currencies.

Another key aspect is the platform’s transparent flat-fee approach, which offers savings and clarity over the often-outrageous exchange rates of conventional banks.

In the payments industry, Remittix is groundbreaking as this approach ensures that the full amount transferred reaches the recipient, ultimately eliminating the all-too-common occurrence of shortchanging.

Buy $RTX Now To Secure Maximum Gains

While it will be interesting to keep an eye on the Solana market cap, the RTX coin offers a promising investment opportunity at $0.0628 during the presale stage.

According to projections, a remarkable surge is to be expected — demand for innovative cross-border payment solutions will generate a 25x multiplier during the presale phase and over 1,500% gains following launch.

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

Website:https://remittix.io/

Socials: https://linktr.ee/remittix