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Solana whales, the big players in the crypto market, are rushing to invest in a new viral cryptocurrency that experts say could be the next big thing.
Crypto Analysts
They’re comparing it to buying XRP when it was just $0.03! This exciting new crypto, called Remittix, is creating a buzz with its game-changing features.
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Let’s explore why everyone’s talking about it and how it could bring big rewards.
Solana Price Drops as Meme Coin Hype Fades
Following an all-time high of $295.83 on January 19, Solana (SOL)'s price dropped significantly. Now selling at $226, it is 23% below its high. As more sellers seized control of the market and fewer consumers sought to purchase, this fall occurred.
Based on this network, a meme currency named Trump helped to generate the buzz around Solana. Popularity of Trump drove SOL's price to reach its greatest ever height. But the hype over Donald Trump began to dissipate after his inauguration on January 20 and the release of a new meme currency dubbed MELANIA. Less individuals trading on the Solana network as a result reduced SOL's price.
SOL's price decreased by 9% during the previous 24 hours, below a crucial level known as the 20-day exponential moving average (EMA). This indicates the weakening of the impetus driving the price upward.
Solana is still a solid cryptocurrency, but its recent price decline reveals how much memes could influence it. According to experts, it would need fresh vitality to revive demand and drive the price back up.
XRP Faces Challenges: Could It Drop 15%?
XRP is having trouble as its price keeps declining. XRP futures valued $4.97 million have been sold over the previous day; $2.90 million came from long positions (bets the price will go up) and $2.07 million from short positions (bets the price will go down).
Currently moving in a declining channel, XRP's price is caught between an upper barrier (resistance) and a lower border (support). XRP trades right currently around $2.90, which can serve as a support level. Should it rebound from here, it might ascend to challenge the upper limit. XRP can, however, drop another 15% if the price falls below $2.90, coming to $2.62.
Moreover, displaying warning signals are technical indications. Measuring momentum, the MACD technique almost indicates increased selling pressure. The RSI, which determines whether the price is overbought or oversold, reveals XRP isn't overbought, hence greater falls might still be possible.
Daily price for XRP must close above $3.40 if it is to prevent further declines. Should that occur, the present bearish view may shift.
Remittix A Potential Game-Changer After Its Presale
Remittix is creating waves in the crypto world, with analysts predicting a massive surge in its value after its ongoing presale. For those looking for the best coins to buy now, Remittix stands out with its innovative features and exciting potential. This presale token is attracting attention as one of the best coins to invest today, thanks to its powerful use case and growing demand.
Remittix is built to solve real-world problems in financial transactions. The site specializes on flawless crypto-to--fiat payment options, enabling companies to pay in currencies like USD and EUR straight from over forty cryptocurrencies. Remittix speeds, lowers cost, and increases dependability by doing away with exorbitant fees and delays across borders. This useful solution appeals to both consumers and companies, hence it is a good alternative among the finest cryptocurrencies to purchase right now.
The platform's capacity to ensure that receivers get the precise amount transmitted is one of its strongest points as it gives consumers peace of mind. Currently valued advantageously during the presale, the $RTX token offers many advantages including access to special features and low transaction costs. This makes it a top contender as the best coin to invest today for those seeking long-term returns.
Experts think RTX price might soar after the presale as it picks momentum and institutional investors enter the fold. Early adopters who purchase into this presale token might stand to gain greatly as the platform develops and transforms digital payments. Remittix is a must-watch for investors as its original approach and great potential make it likely to be a star in the crypto market.
Discover the future of PayFi with Remittix by checking out their presale here:
Website:https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer:The information provided on the Website does not constitute investment advice, financial advice, trading advice, or any other form of advice, and you should not interpret any of the Website's content as such. Midday does not recommend that you buy, sell, or hold any cryptocurrency. Please conduct your own due diligence and consult with a financial advisor before making any investment decisions. Midday does not endorse or promote any such activities, and you access them at your own risk, fully understanding the monetary and legal consequences involved. Midday shall not be held responsible for any losses you may incur as a result of using any such apps or websites. Cryptocurrency products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for losses resulting from such transactions.
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