On-chain data indicates that investors realized approximately $3.5B in profits over the weekend, with $3.3B on Saturday alone, the highest single-day figure since mid-July and among the top in. Retail profit taking is on the high side, and analysts warn this could be a big red flag heading into late-August.
Solana price, for instance, declined by double-digits over the past week, sliding past the $175 level, before seeing a rebound towards $184, thanks to ongoing developments within the SOL ecosystem and improved sentiment around the project.
Despite the red signals, the recent breakthrough in its blockchain could be the final push Solana price needed to reach a new all-time high. A lot is going on within the market trenches, and one project is significantly gaining interest: Remittix (RTX). Analysts support its cause to revolutionize how users and businesses make cross-border payments, making the transfer process timely and cost-efficient.
Degens, as well as early adopters, are growing confident of RTX’s global adoption and are positive about its 100x market potential this cycle. Let’s take a look at the specifics.
After a week of losses, Solana's price has rebounded above the $180 level and is now trading at $184, following a 3.44% gain in intraday trading. This recovery was very crucial. Why? Solana's price was under pressure from retail profit-taking that had put its key support levels at risk.
A major technical milestone helped drive Solana’s recent recovery. Over the weekend, the network briefly surpassed 100,000 transactions per second (TPS) on its mainnet, with a validator-led stress test reaching a peak of 107,540 TPS in a single block. Although the test used lightweight "noop" instructions, it still highlighted the blockchain’s capacity to handle high-load scenarios like oracle updates or large-scale token transfers.
Experts suggest that in real-world conditions, Solana could realistically sustain 80,000 – 100,000 TPS, surpassing the capabilities of other Layer-1 blockchains. This breakthrough has flipped the overall outlook for Solana's price trajectory in the medium term, with analysts now watching for a possible breakout rally toward $250 and higher.
Remittix (RTX) is quietly attracting investor attention with its focus on solving one of the world’s biggest financial challenges: untimely and expensive cross-border payments. RTX’s platform will serve as a cross-chain DeFi solution, bridging a multi-trillion-dollar payment market by allowing users and businesses to send and receive funds from anywhere globally, without any worries of delay or additional charges.
Remittix is currently trading at $0.0969 and has sold over 612 million tokens, raising over $20.6 million so far. The project has secured a listing on BitMart, and additional centralized exchange listings will follow once ICO funding crosses the $22 million mark. RTX minting investors more gains than Solana price is only a matter of when; the project’s strong fundamentals suggest it has a solid shot.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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