Solana has been consolidating on lower levels since late November, and analysts expect the downtrend to continue well into early 2025.
Meanwhile, Remittix is giving tough competition to Solana by launching a new PayFi protocol that bridges the gap between traditional and digital finance. Let’s discover if Remittix has what it takes to outshine Solana in 2025.
Solana (SOL) Investors Remain Optimistic About Recovery
Solana is trying to continue its modest comeback on Christmas Day with a retest of the $200 level. Despite the rebound, Solana still has a long way to go before reaching the $260 high again. The Solana chart shows that its price is moving within a descending channel, with analysts expecting a steeper decline toward $173.
Solana is currently trading for $188 after a 5.5% intraday decrease. Solana needs to break above $220 to confirm an end to the bearish trend. Although the Federal Reserve’s recent comments about only marginal interest rate cuts in 2025 have reduced demand for cryptocurrencies like Solana, analysts believe Trump reentering the White House in January will have a significant impact on SOL’s price.
Remittix (RTX) Solves Major Financial Challenge with New PayFi Protocol
Remittix is built with a vision to solve the challenge of cross-border payments with its PayFi solution. Through this revolutionary platform, Remittix users can convert cryptocurrency into fiat and send the money to any bank account across the world.
Remittix’s ecosystem bridges the gap between DeFi and traditional payment systems. Banking apps like Stripe and Coinbase still focus on either crypto or fiat, but Remittix gives users endless possibilities by offering both modes of payment. Once a user converts their crypto into fiat, they can deposit the funds anywhere in the world through Remittix’s local payment networks. The recipient always receives their local currency, making it much simpler to process massive cross-border transactions.
Remittix also removes a common pain point of high fees and slow processing speeds. With every transaction processed via an audited smart contract, Remittix ensures same-day deposit of funds. The platform only charges a flat fee for this complex process, with no extra charges for FX or wires.
Central to Remittix’s success is the PayAPI which allows businesses to accept crypto payments from customers and settle their balance in fiat. Merchants can create an account on Remittix and cash out the funds in either 50+ cryptocurrency pairs or 30+ local currencies, giving them more flexibility than ever before.
Remittix’s ideology is to bring cryptocurrency into the real world by tapping into the $170 trillion global payments system. Remittix’s presale is already selling out in record time, with the $RTX token priced as low as $0.0163. As Remittix fuels the global adoption of crypto, analysts believe the $RTX token could surpass Solana in 2025.
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