Solana risks dropping to $100 levels as traders explore new opportunities like Remittix.

In the midst of a fluctuating crypto market, Solana’s price has begun to show signs of strain. Recent Solana forecasts suggest that the token could slip below the $100 mark.

Amid this backdrop of uncertainty in the Solana market, a new Defi project is quietly establishing itself as a promising solution for global payments. The PayFi platform is focused on building a practical payment network that directly addresses the challenges faced by international money transfers.

Solana navigates market turbulence

Solana has faced heightened volatility following president Donald Trump’s proposed tariff hikes on key trading partners, including China and Mexico. The announcement triggered a wave of caution across risk-sensitive assets. SOL’s price dropped roughly 16% to $184 shortly after the news, mirroring broader market liquidations exceeding $2 billion.  

Despite the recent turbulence, Solana’s technological edge continues to attract renewed investor interest. Over the past three weeks, SOL saw $674 million in inflows, signaling growing confidence in its ecosystem. A surge in staking activity, with over $62 million newly committed, further underscores long-term bullish sentiment. 

Nonetheless, some market analysts suggest that a significant correction might push the SOL below $100. Traders are closely watching key support levels as every new piece of negative news adds to the growing uncertainty. The possibility of a steep price drop is forcing a reevaluation of risk, especially as new developments and emerging competitors shake up the crypto landscape. 

Remittix ICO surges more than 250%

Remittix is stepping up to fill a critical need for investors looking for a crypto that not only has remittance utility but also streamlines global financial

Go to Source to See Full Article
Author: Guest Post