Traders are turning their attention to a new cryptocurrency project, Remittix (RTX), which is set to launch on a Solana-compatible wallet this September. Despite recent technical challenges faced by the Solana network, Remittix has successfully raised over $18 million by selling more than 580 million tokens at a price of $0.0895 each. Analysts suggest that RTX could potentially deliver returns similar to the early days of Solana, which saw substantial growth.
As of August, Solana’s price has decreased to $162, with on-chain data indicating that it has been surpassed by SUI in stablecoin transfer volume for the first time. This decline follows a drop from the $206 mark, and multiple analysts have identified potential downside targets between $150 and $145. Observers are particularly focused on the 50 and 100 EMA zones, which are around $160 and considered critical support levels. Should the current selling pressure continue, Solana may test the $140 zone, a region that has not yet seen significant demand.
Despite these challenges, many remain optimistic about Solana’s long-term potential, with some analysts suggesting a possible “cup and handle” pattern may emerge. However, short-term risks are still present, particularly after over $16.5 million exited Solana positions in just one day, indicating a cautious sentiment among investors. The inability to reclaim the $170 level could exacerbate the pressure on Solana’s price, although some high-timeframe charts hint at a potential breakout later this year.
Remittix Gains Traction with Innovative Wallet
Amidst the fluctuations in the Solana market, Remittix is carving its niche with rapid growth. The project has announced that its mobile-first wallet will enter beta testing on September 15, 2025, providing early access to select community members. This launch will be the first operational product within the Remittix PayFi ecosystem, positioning the project as a utility token aimed at crypto users seeking more than mere speculation.
What sets Remittix apart includes the following highlights:
– Over 580 million tokens sold at $0.0895
– Beta wallet launching on September 15 with full crypto functionality
– A 40% bonus for early participants before the $18 million soft cap is reached
– Compatibility with low-fee blockchains such as Solana and Ethereum
– A $250,000 giveaway for community participants
While Solana’s charts suggest possible short-term declines, Remittix is shifting the narrative with each achievement. Analysts view the wallet launch during a broader market pullback as a strategic move, potentially positioning RTX to capitalize on the next wave of altcoin growth from a solid foundation rather than mere hope.
The PayFi sector remains largely untapped, and with Solana’s user base and transaction capabilities expected to expand over the long term, projects like Remittix that integrate with its infrastructure could be poised for significant growth.
For more information about Remittix and to follow the project’s developments, visit their website at [Remittix](https://remittix.io/) or check their social media [here](https://linktr.ee/remittix). Engage in their $250,000 giveaway [here](https://gleam.io/competitions/nz84L-250000-remittix-giveaway).
This article is intended for informational purposes only and does not constitute financial advice. Investors are encouraged to conduct thorough research before making any investment decisions.
