Investors shift focus to Remittix, a new DeFi project raising millions in presale with hopes of changing global transfers.

Recent reports reveal that those who have invested in top altcoins, especially Solana, have turned towards new DeFi projects like Remittix (RTX). In their optimism about this debut crypto platform, these investors predict that it will perform impressively in the industry by potentially changing global transfers.

Interestingly, Remittix is already gaining traction, especially in its token presale, which has raised millions from investors. Keep reading and find out why Remittix is poised to meet expectations.

Solana stumbles after record high

Recently, Solana saw a significant surge with the altcoin price reaching a peak of $294.33 on January 19. However, it has since fallen by 14% from that level as it is currently trading at $251. Current analysis indicates that Solana may face more challenges ahead.

Notably, Solana’s network saw transaction fees surge to $1.4 million in 10 minutes after the TRUMP token launch, but transactions plummeted from 450,000 to 150,000. This decline indicates reduced activity and interest, contributing to the altcoin price decline from its all-time high. 

Total Value Locked (TVL) in Solana liquidity pools also dropped substantially from $12.191 billion to $10.964 billion on January 19th because investors began to lose faith in the token. 

As the TVL continues to decline, further drops in price are likely. 

Analysts suggest that if SOL falls to a support zone between $222.80 and $210.10, it might bounce back from its recent decline. However, if negative sentiment grows and the support fails, SOL could drop even lower.

Remittix: The next-gen remittance token

Looking at the much support Remittix h

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Author: Guest Post