Solana’s price rebounds amid increased institutional investment

Solana has had a wild run in 2024, with its price surging from lows of $19 in 2023 to upticks as high as 1,200%.

Solana (SOL) price has seen a large decline recently after seeing a recent uptick to a new all-time high at $263 — a move that saw Solana’s ecosystem explode with all kinds of new meme coins. Now, Solana’s price action is moving sideways around the $180 region after pulling back from the recent highs. Could this be a good entry point for scalpers to buy the dip?

In the lead-up to Solana’s all-time high, SOL had managed to position itself as the go-to token for both DeFi traders and meme coin scalpers, thanks to Solana’s ecosystem being a front-runner in decentralized finance (DeFi) thanks to the network’s speed and affordability. This saw Solana’s price soar, and in turn, saw a surge in institutional investment as major firms applied for Solana spot ETFs.

Apart from Solana’s price soaring, a new viral cryptocurrency is making its way into the crypto space in a move that has seen analysts forecast an XRP-like rally in the near future. Introducing Remittix and its RTX token, which is designed to reinvent cross-border payments for the future of PayFi.

Solana price rebounds amid increased institutional investment

Solana has had a wild 2024, with its price surging from lows of $19 in 2023 to upticks as high as 1,200%. To put it simply, an investment of only $1,000 at Solana’s price last year could have surged to a portfolio worth over $12,000 today. Solana’s ecosystem has also expanded tremendously over the same period as meme coins take center stage.

Institutions are starting to pay attention to Solana as major firms such as VanEck and Bitwise apply for Solana ETFs After all, Solana’s $173 million funding round has been successful, and more innovative projects are coming to Solana’s ecosystem in the coming year.

Thanks to the positive outlook on Solana, Solana’s price is likely to surge toward $300 if the $250 resistance level is breached again, and most analysts are setting their next TP (take profit) targets at $500. Even so, SOL could still dip further than its current rate around the $179 region, but there is an uptick in volume as institutional players start to pay attention.

Remittix on track to hit an all-time high with its PayFi solution

While Solana’s price prepares for its second leg up, Remittix’s ongoing presale is also set to surge to an all-time high. Remittix is redefining the future of global finance, seamlessly merging crypto innovation with traditional banking to tap into a $183 trillion global banking industry. The latest reports show that cross-border payments are on the rise and could exceed $250 trillion by 2030, which could lay the ground for Remittix to lead the charge in cross-border payments.

Built on Ethereum’s blockchain, Remittix works across more than 40 cryptocurrencies and fiat currencies, enabling you to easily move funds across the globe and to any bank account using its cross-border crypto-to-fiat payment facility. This intuitive build and design is geared at enabling the most mass adoption, as most non-crypto savvy users can jump in. Moreover, merchants can accept crypto payments thanks to the Remittix API.

With its presale ongoing, only 50% of the 1.5 billion RTX tokens are available for sale. Currently they are being sold at the cheap price of just $0.0156, which is ground floor levels to get involved in an altcoin expected to 50-100x in 2025.

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

Website:https://remittix.io/

Socials: https://linktr.ee/remittix