Solana News Today: Solana Surges Past $185 on ETF Inflows as Cardano Eyes $1, Remittix Hits $16.7M Presale Key Drivers: Whale Activity, DEX Volume, Staking ETF Growth, Governance Upgrades, Real-World Payments Utility

Solana (SOL) has gained traction as one of the few major cryptocurrencies showing a visible price uptrend, surging above $185 after falling below $140 earlier this month. Whale activity and increased decentralized exchange (DEX) volumes have driven this recovery, while the newly launched $SOL-staking ETF has amassed $92.8 million in assets within two weeks, with $22 million in inflows recorded last week alone. Analysts suggest that a breakthrough above $195 could position SOL to test the $200 milestone this week, though short-term volatility remains a risk amid waning meme coin hype.

Cardano (ADA) is also showing signs of recovery, trading near $0.86 as staking activity and developer engagement on its smart contract platform rise. With Cardano’s governance upgrade approaching and growing investor optimism, a potential rebound to $1 is no longer considered unlikely. However, analysts emphasize the need for sustained volume and network growth to confirm a long-term trend reversal.

Meanwhile, Remittix (RTX), a layer-2 Ethereum alternative, has emerged as a focal point for investors seeking real-world utility in crypto. The project’s presale has raised over $16.7 million, with projections indicating a possible $18 million soft cap by the end of 2025. RTX’s focus on crypto-to-fiat payments, coupled with its ability to facilitate cross-border transactions in 30+ countries, has attracted freelancers, businesses, and international users. A Q3 2024 wallet release is expected to further accelerate adoption, with experts highlighting its potential to address a $19 trillion payments sector.

Analysts note that while Solana and Cardano dominate headlines, projects like Remittix are carving out a niche by prioritizing practical applications over speculative hype. Solana’s ETF-driven inflows and Cardano’s technical upgrades reflect broader market confidence in established platforms, but RTX’s rapid presale growth underscores the appeal of solutions targeting everyday financial challenges. The interplay between these trends suggests a market diversifying beyond pure hype cycles, with investors increasingly favoring projects that combine scalability with tangible use cases.

For SOL, the path to $200 hinges on maintaining momentum above $195 and avoiding short-term corrections tied to macroeconomic shifts. ADA’s $1 target remains contingent on consistent on-chain activity and post-upgrade performance. RTX’s $17 million presale milestone, meanwhile, positions it as a strong contender in 2025, provided it can sustain its focus on global payments infrastructure. The coming months will test whether these developments signal a broader industry shift toward utility-driven innovation or a temporary spike in speculative enthusiasm.