Solana News Today: Solana Surges 10% Weekly, Eyes $200 Mark on Institutional Interest Remittix Raises $16.4M, Aims to Surpass XRP in Cross-Border Transfers

Solana (SOL) has been making significant strides in the cryptocurrency market, with its price surging past the $185 resistance barrier on Friday. This surge follows a double-digit weekly gain, putting the $200 mark within reach. The recent jump in Solana's price is attributed to a string of bullish developments, particularly around Ethereum’s strong performance and the growing narrative of institutional interest. According to analysts, Ethereum’s upward momentum has a knock-on effect on Layer 1 competitors like Solana. Historically, when ETH performs well, investors tend to rotate profits into faster, more scalable chains, and Solana is often the winner when this occurs. Additionally, Solana ETFs are beginning to gain traction, with over $160 million in trading volume reached in only a few days after making its debut. This level of institutional attention could fuel a moonshot for Solana's price trajectory and place the asset on a $300 path towards a new all-time high in the second half of the year.

Meanwhile, there is a new crypto gem that investors are watching closely, known as Remittix (RTX). Experts believe this new payment network could replicate and surpass the global recognition of XRP in cross-border transfers. Remittix is a new PayFi platform that uses blockchain technology to process transactions across borders, encouraging direct P2P and B2B interactions and eliminating financial intermediaries in the process. That means no centralized exchanges, no days of waiting; just fast, direct crypto-to-fiat transfers. Remittix's infrastructure is already live and ready to expand with wallet launch, etc., and that’s exactly why experts are excited about Remittix this cycle. Remittix is building bullish momentum and has shown no signs of slowing down. Early buyers can still grab up to 50% bonus tokens, and the project is only $1.5M away from the soft cap, indicating a sense of urgency. Remittix has raised over $16.4 million in its ongoing ICO, suggesting that smart money is moving into this project. Experts argue that RTX isn’t just another token trying to ride the current bullish wave; it will create a wave of its own. And if there’s one takeaway from past bull cycles, it’s that real-world utility plus early entry equals significant gains.

In summary, Solana's price is pushing toward the $200 mark, driven by bullish developments and institutional interest. Meanwhile, Remittix is emerging as the next big ecosystem breakout, with its innovative PayFi platform and strong market momentum. Investors are closely watching both Solana and Remittix as potential leaders in the cryptocurrency market.