Solana News Today: A 30x PayFi Bet Emerges as Solana Balances on a Precipice

Solana’s price continues to draw attention as it inches closer to a critical support level of $210, a threshold many analysts believe could signal the beginning of a substantial upward move. Recent developments in the Solana ecosystem, including a record high in open interest and the implementation of the Alpenglow upgrade, have fueled speculation that the price could potentially reach as high as $1,000 if bullish momentum continues. According to technical analysis from Cointelegraph Markets Pro and TradingView, Solana's price chart has formed a bullish megaphone pattern, a technical indicator often associated with parabolic price movements. The pattern suggests that a breakout above the upper trendline at $330 could lead to a target price of $1,057, representing a 400% increase from current levels [1].

In parallel, Solana's open interest (OI) has surged to an all-time high of $13.68 billion, reflecting robust speculative interest in the market [1]. This increase in OI typically precedes significant price movements, as seen in earlier periods when OI grew by 188% and was followed by a 103% increase in Solana’s price. The approval of the Alpenglow upgrade, which significantly reduced Solana’s transaction finality to 150ms and increased throughput to 107,540 transactions per second, is also seen as a key catalyst for investor confidence [1]. However, despite these positive signals, onchain metrics reveal some concerning trends. For instance, Solana’s transaction count has dropped by 99% over the past 30 days, while active addresses have decreased by 22%. These figures indicate a potential disconnect between price performance and network activity, which could hinder future gains [1].

Amid these dynamics, analysts are also drawing attention to a new altcoin, Remittix (RTX), which is being positioned as a potential high-growth investment. With over $23.4 million raised during its presale, RTX is generating significant interest among investors looking for exposure to a cross-border payment protocol that supports real-time fiat transfers. The project’s roadmap includes the launch of a beta wallet in Q3 2025 and plans for listings on major exchanges such as BitMart and LBank [3]. The RTX presale has already reached a soft cap of $18 million, and while the exact launch date remains uncertain, the project’s utility-focused approach and deflationary tokenomics have drawn comparisons to established altcoins like Cardano and Stellar [3].

Analysts suggest that RTX’s potential for 30x growth is rooted in its unique positioning in the PayFi (payment finance) sector, a space increasingly seen as a growth driver in the crypto market. Unlike speculative or meme-based projects, Remittix focuses on solving real-world financial challenges, particularly in the realm of cross-border payments. By enabling seamless crypto-to-fiat transfers with low fees and instant settlement, RTX aims to bridge the gap between digital assets and traditional banking systems. This utility-driven model, combined with a strong presale performance and strategic exchange partnerships, has positioned RTX as a project to watch in the coming months [3].

While Remittix is still in the presale phase, its ability to raise substantial capital and secure key partnerships signals growing institutional and retail interest. The project’s roadmap outlines a clear path toward full-scale launch, including the deployment of a non-custodial wallet and the eventual listing on decentralized and centralized exchanges. However, risks remain, particularly for smaller investors, as the minimum investment required to access higher-tier benefits is relatively high. This could limit the project’s inclusivity and impact its long-term adoption [3].

As the crypto market continues to evolve, the interplay between technical indicators, onchain activity, and presale-driven altcoins will likely shape investor sentiment. Solana’s price trajectory remains closely monitored, with the $210 support level and the broader megaphone pattern serving as key indicators for potential breakout scenarios. Meanwhile, projects like Remittix are challenging traditional altcoin narratives by emphasizing real-world utility and infrastructure development. Whether these trends lead to sustained price appreciation or volatility will depend on the broader market dynamics and the ability of projects to deliver on their promises.

Source:

[1] Solana Open Interest Hits $13B All-time High (https://cointelegraph.com/news/solana-charts-1000-sol-price-target-open-interest-all-time-highs)

[2] SOL.CM=: Solana/USD Coin Metrics - Stock Price, Quote (https://www.cnbc.com/quotes/SOL.CM=)

[3] Remittix Is Best Crypto Presale To Buy Now Over Cardano and Stellar as PayFi Set to Take Centre Stage in 2026 (https://www.livebitcoinnews.com/remittix-is-best-crypto-presale-to-buy-now-over-cardano-and-stellar-as-payfi-set-to-take-centre-stage-in-2026/)

[4] Remittix Launch Date: When Is the Presale Over? (https://cryptonews.com/cryptocurrency/remittx-launch-date/)