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The past week has seen significant progress on the Solana price charts, as the bulls seem to be on their way to a $200 target. Still, a closer look reveals that the SOL token might take a dip before making that jump.
Meanwhile, Remittix is planning the launch of the year, and RTX holders could be on 5,800% gains this year. With such potential gains, the Solana price will have to do a lot better than a 10% rise.
Solana Price: Bulls Set To Pump SOL To $200
The SOL token seems on track to its coveted $200 target, as on-chain data shows that the bulls and holders are driving short-term speculations. Solana had a huge $1.4 billion withdrawal from its staked assets in the past few days, some significant movement from the holders.
It turns out that the SOL coins withdrawn were poured into short-term contracts and other forms of active market supply. That move is what drove the 10.85% Solana price surge last week, taking SOL to the $180 mark.
Could The Solana Price Pull Back Along The Way?
Solana is off to a bullish trend, but many analysts worry if it will be a smooth ride to $200. Some of them predict that the Solana price will see some dip of sorts before rebounding upwards.
The dip may be because of BlackRock’s statement to pull out of a race for Solana and Ripple ETFs. The asset manager stated that they will be focusing on their BTC and ETH ETF stores, and attention has shifted from Solana and Ripple in terms of ETF approvals.
So while SOL bulls might be prepared for a surge, the Solana price might not be headed straight for the top just yet. But we know a token that is carrying profit potential this year.
Watch out for the Remittix presale.
Remittix: Last Phase Before Launch?
The Remittix project came to the open in January, opening its presale to everyone in the crypto market. Since then, the tokens have been a hotshot in the market, attracting even holders from other projects.
Why? Remittix will be releasing real utility on its platform, mainly comprising a crypto-fiat bridge for traders and DeFi enthusiasts. The bridge will allow users to transfer their assets directly from their wallets into any fiat account they choose.
One condition, though, the fiat currency they are changing into is supported on the Remittix platform.
This bridge is incorporated into the Remittix Web3 wallet, a DApp under development by the RTX team. The app is in beta testing now, with already certified smart contracts, and the launch is scheduled for later in Q4 this year.
With utilities like the crypto-fiat bridge, Remittix is about to become a hive of activity in the crypto market. Users, traders, and investors are all anticipating the launch; you should too!
Anticipate Remittix Launch With RTX Tokens!
The RTX coins are going for just $0.0922 now, but they are coming with a 5,800% profit potential. Launch day is almost here, and you can still grab some Remittix for yourself.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/Remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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