Prominent cryptocurrency Stellar (XLM), Dogecoin (DOGE), and Solana (SOL) have had a rough start to 2025. Stellar’s introduction of smart contracts with Protocol 20 initially positioned the network as a top choice for decentralized application development. However, despite this technological stride, XLM has experienced a downturn.
Stellar’s price drops are evident in comparison to last month, where XLM has dropped by 5.4%, and over the last week, where the cryptocurrency experienced a steeper decline of 13.9%. These drops are countered by the cryptocurrency’s long-term performance, where XLM still boasts a 236% annual gain. Investors are now keeping a close eye on Stellar as it attempts to stabilize in the face of market headwinds.
Dogecoin, the meme coin that had a moment in 2024, is now facing significant losses. In a month, Dogecoin has dropped by 19.4%, and this past week saw a further decline of 14%. This downturn is despite a stellar 2024, where Dogecoin surged by 297% after being mentioned by former U.S. President Donald Trump. Analysts remain divided on the trajectory of Dogecoin. While some attribute the current dip to trends in the broader crypto market, others point to challenges specific to meme coins as investors seek assets with more tangible utility.
Solana, on the other hand, saw a successful 2024 with the debut of Firedancer, a validator client that enhanced the network’s scalability and developer appeal. Solana added over 7,000 new developers to its ecosystem in 2024, strengthening its position in the DeFi and NFT sectors. However, despite these technological gains, SOL experienced a 17.8% monthly decline and a 14% weekly drop, raising concerns about its near-term price stability.
In contrast to the challenges faced by established cryptos, Remittix (RTX) is gaining attention with its focus on the cross-border payments industry. This PayFi platform seamlessly integrates cryptocurrency and fiat banking, enabling users to convert over 40 cryptocurrencies into fiat and send funds to global bank accounts.
With Remittix, users can avoid the hefty fees and delays typically associated with cross-border fiat transfers. The platform also offers a user-friendly interface and mobile app for easy on-the-go transactions.
At the heart of Remittix’s ecosystem is the $RTX token, which is currently priced at $0.0199 in its presale phase. The project has already raised over $2.4 million, and with analysts predicting a 580% presale increase and a potential 5,000% rally post-launch, the buzz around Remittix is set to continue.
