Solana (SOL) Media Campaign Backfires as Remittix (RTX) Presale Gains Traction

The crypto-verse has been quite the dramatic scene for the past 24 hours. Solana launched a media ad campaign that has backfired from the community of traders. As anyone would expect

The crypto scene has been quite dramatic in the past 24 hours. After Solana launched a media ad campaign that has backfired from the community of traders, the Solana price has lost most of last week’s gains already.

On the flip side, the trader drain from Solana has led to a flux of traders on the new project Remittix. While Remittix is not a direct competitor with Solana, the RTX presale is gaining traders from all over the crypto market, including Solana faithful.

The ROI on Remittix investments is the highest in the crypto-verse at the moment. Hang on for more information on the RTX presale.

Solana Price Takes A Hit As Weekly Timeframes Show Bearish Signals

The Solana price took a bullish turn last week, effectively ending a five-week bearish run that saw the token dip below its $200 support level. On a wider perspective, Solana’s market cap and presence has been the picture of growth in the past five years, but traders were more interested in the short-term price recovery.

On the charts, Solana picked up pace, trading up from $113 to a weekly peak at $136 on Thursday. There’s been some corrections in the past few days, but even that was quite expected.

Along with Solana price, the trading volume is up by 23.9%, representing increased activity in the SOL ecosystem. Activity fell due to the lack of trust following the LIBRA fiasco, but the trading community is rising back to action on Solana.

Solana dumps continue as crypto traders are shifting to Remittix

If one fiasco led Solana to weeks of decline, another fiasco is about to cancel out the bullish trend that the SOL token is on. This time, it’s marketing gone wrong on the Solana blockchain, and the project has seen another dip in token price and activity volume.

From the trading last week, analysts placed Solana in the bullish range finally, stating that the token could get to $150 and even $200 in the current recovery cycle. But the recent ad launched by Solana has failed to generate the desired effect on users–instead, most users are appalled by it.

And now, the Solana price has dipped below its support at $125. Solana currently trades at $123.31, some 4.6% down in the past 24 hours. More bearish metrics like the Relative Strength Index and a death cross on the MACD have pointed to the effects of bad PR on Solana.

For now, the SOL traders might only like to hold on to their profits. The investors will be out of the window next, and their eyes are already on Remittix (RTX) for massive gains.

What is Remittix?

There’s almost nothing as valuable as being able to keep most of the original value of one’s crypto assets during liquidation. It gets even better when users have a platform through which they can send cryptos directly into fiat bank accounts.

And that’s what Remittix is all about.

The new PayFi platform will be going up against giants in the sector including Ripple and Stellar in its quest to enter the top crypto ranks. Remittix offers a straightforward approach to transferring crypto coins between hot wallets and fiat bank accounts, allowing users to make payments online directly without having to use any intermediaries.

From paying tuition fees to clearing shopping carts, your crypto coins are about to become more versatile, thanks to Remittix. What’s more, merchant users and online stores are already accepting direct crypto payments. For them, there is the Remittix Pay feature, which allows clients to pay for items directly using crypto.

The Remittix Pay feature entails linking a smart contract to a provided wallet address where users can send their cryptos to. After a preset time, the smart contract resolves pending crypto payments into a linked fiat bank account.

Transfering on Remittix comes with certain perks too. The transactions are speedy and are untraceable back to the blockchain. With privacy and anonymity as the landmarks on Remittix, one can expect a massive user traffic on the platform.

Presale Updates On Remittix

The Remittix presale is selling out and fast, because most traders are interested in benefiting from Remittix’s features. But even more than that, the token gains are tipped to be about 130,000%.

Each token sells for $0.0743, bargain rates, and these are the cheapest rates. Get your RTX tokens today and watch your investments grow exponentially!

Website: https://remittix.io/

Socials: https://linktr.ee/remittix