As the crypto space enters a pivotal year, major blockchains are pulling out all the stops to stay on top of the competition. Solana (SOL) has been making waves with some impressive price movements, surging by almost 50% of its value in mid January. Meanwhile, a newcomer has been racking up attention in the PayFi space as it promises to address issues in the global payments sector. This project goes by the name Remittix (RTX), and has amassed more than $10 million in just a few weeks of presale. So why is Remittix seeing so much attention, and will Solana see more price surges this year?

Solana (SOL) Prepares For Hyperledger Solang Project

Solana (SOL) is trading at $228 after a 8% dip in the last week. However, Solana’s immense surge in mid January means that its net gain still stands at 20% for the month. On the horizon for Solana is the Hyperledger Solang project that has opened Solana up to Ethereum’s Solidity developers, providing a new way for them to build on the platform.

Technical analysis is promising for Solana, suggesting that if buyers can push the price above $260, bullish momentum may resume, potentially targeting the $300 level and beyond. However, failure to maintain current support levels could lead to further declines before any potential upward movement.

Remittix Creates New Possibilities in the PayFi Space

Remittix (RTX) is catching fire as investors take notice of its bold entry into the cross-border payments space. The project aims to remove the inefficiencies that plague traditional financial systems, allowing users to swap over 40 cryptocurrencies into FIAT and transfer money to any global bank account. Unlike banks and outdated payment providers that stack on hidden fees, Remittix keeps it simple with flat-rate pricing, ensuring that recipients get exactly what was sent.

The Remittix Pay API is of great help to businesses, simplifying crypto transactions by letting companies accept digital payments while automatically settling in FIAT. This is a powerful capability for freelancers, e-commerce merchants and international enterprises that are looking to benefit from crypto without being affected by market volatility.

Another feature that sets Remittix (RTX) apart is its privacy. Every transaction is processed as a standard bank transfer, meaning the recipient has no idea the payment originally started as cry

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Author: Crypto Daily