Solana News Today: Investors Shift to Remittix as Solana and Cardano Sell Off Amid Market Downturn

Investors are shifting capital away from struggling top altcoins such as Solana (SOL) and Cardano (ADA), moving instead to projects with tangible utility as the Remittix (RTX) presale nears $18.1 million, with more than 581 million tokens sold. The growing interest in RTX reflects a broader trend among crypto investors to prioritize real-world use cases over speculative assets [1].

The presale is currently offering RTX tokens at $0.0895, and with over 581 million tokens sold, the project is rapidly approaching its soft cap. The token price is accompanied by a limited-time 50% bonus offer, further incentivizing early participation [2]. Analysts have highlighted the project's potential as a "PayFi" leader, citing its low-fee global payout infrastructure and a user-focused wallet beta expected to launch in Q3 2025 [3].

Meanwhile, Solana and Cardano continue to face volatility amid a broader sell-off in the market, with investors seeking higher returns elsewhere. Whale activity on Solana has intensified, with reports indicating that over 614,000 SOL tokens worth $104 million were transferred from unknown wallets to a centralized exchange, signaling potential sell pressure [1]. SOL briefly breached support near $154, raising concerns about further downside, though recent price action has shown signs of stabilizing around the $160 support level with resistance forming near $170 [1].

Cardano has also seen significant selling pressure, with ADA dropping over 15% and falling below the $0.8 support level to trade at $0.72. Analysts have noted that technical divergence and volume-driven selling indicate the bearish trend may persist. A TD Sequential sell signal on the 4-hour chart has added to concerns about further price weakness [1].

In contrast, Remittix has attracted attention due to its focus on cross-chain DeFi payments, deflationary tokenomics, and a wallet launch slated for Q3 2025. The project has completed a full audit via CertiK to build user trust and allow transparency, further enhancing its appeal to investors [1]. Remittix’s infrastructure includes direct crypto-to-bank transfers in over 30 countries and zero transaction fees, offering a unique value proposition in the remittance and payment sectors.

The project is being positioned as a strong alternative to traditional altcoin investments, particularly among traders who view the token as a potential 100x opportunity. Some analysts have drawn comparisons between RTX and Ripple (XRP), noting similar setups as XRP consolidates near $2.75 after a recent price surge [3].

Remittix’s growing adoption is also supported by a $250,000 community giveaway, which is designed to accelerate onboarding and wallet usage. The project’s real-world utility has led to comparisons with other low-cap crypto gems and has drawn interest from both crypto veterans and newcomers [3].

As the Remittix presale progresses, the focus remains on its execution and real-world applications rather than just price speculation. With a growing number of tokens sold and a strong utility narrative, the project is emerging as a compelling option for investors who are increasingly wary of projects without tangible value propositions [3].

Source:

[1] https://blockonomi.com/remittix-presale-nears-18-1-million-as-solana-and-cardano-sell-off-continues-as-investors-seek-higher-returns/

[2] https://coincentral.com/dogecoin-price-prediction-can-doge-match-rtx-forecasts-and-pump-36x-in-the-next-6-months/

[3] https://coinjournal.net/news/top-crypto-analysts-says-ripple-xrp-and-remittix-rtx-are-set-for-imminent-price-explosions/