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In the recent crypto market rebound, Solana (SOL) has been a shining star among top altcoins. SOL has bounced off the $175 support range to trade above $215. Several exciting events, including the possibility of $SOL being featured in the Strategic Reserve of the United States.
With the huge news and the incoming Trump inauguration, analysts have shared their price targets for $SOL. While it is among the best altcoins to buy because of these events, top financial experts have set bigger price targets for the PayFi giant, Remittix (RTX).
Data from CoinMarketCap shows that the Solana price has climbed from its weekly low of $175 to cross $215. The recent surge is part of a broader move in the crypto market but puts $SOL in a great place to extend its rally over the next few weeks.
With the crypto market correction over, the crypto analyst Nihilus_XBT has said that Solana (SOL) has completed its manipulation phase. The analysts believe that the Solana crypto is ready for an expansion phase, with its price target somewhere around $280.
DaCryptoGeneral shares a very similar sentiment. In his analysis, he explained that the recent correction was much needed and a very bullish market fueled by President-elect Donald Trump’s inauguration could push the SOL price above $288.
This represents a potential new ATH for $SOL, but TheCrowtrades has even bigger targets. According to the analyst, SOL is a $1,000 asset, meaning the altcoin price could increase by more than 380% in 2024.
The biggest news for SOL was shared in a New York Post report that revealed Trump’s team plans to prioritize U.S. based cryptocurrencies like XRP, Solana and USC in the Strategic Reserve.
The potential use as a national asset and the forecasted approval of spot SOL ETFs sets the altcoin up for a very strong bullish run in the next few weeks.
While the Solana memecoin market has slowed down from its early exponential increase, it has been very active. A report titled the “2024 Memecoin Annual Consumption Report” from ChainCatcher highlights that trade in the memecoin ecosystem created a total of $3.093 billion in fees.
The massive rise of the SOL meme coin ecosystem has not come without its own unique challenges. Because the ecosystem isn’t controlled, many of the memecoins that were launched via Pump.fun have seen huge losses.
On behalf of investors who lost money tied to Pump.fun meme coins, Burwick Law, a digital consumer protection law firm, has filed suit. Despite the suit, the SOL memecoin ecosystem continues to blossom and the altcoin price could continue its terrific run in the coming weeks.
While this bull market is still unfolding, Remittix (RTX) has been picked by experts as one of the potential top gainers. This is one of those projects that you don’t see very often, packed full with utility and having a massive growth potential.
Remittix has lunged into the $190 trillion cross-border payment market, not to be the same like the others, but to reinvent the entire industry. The Remittix PayFi platform enables users to convert more than 50 cryptocurrencies into fiat currencies and instantly transfer them directly to global bank accounts.
Unlike most conventional systems characterized by hidden fees and unpredictability, Remittix is based on a flat rate pricing model and thus the recipient receives the exact amount sent. Remittix is an attractive choice for both personal and business use due to its simplistic approach and cost effective structure.
Another standout feature that has also got people talking is Remittix Pay API. With this option, businesses can accept payments in cryptocurrency and convert them to fiat currencies. This gives Remittix more utility than many of the top crypto coins.
While SOL could see gains of almost 4x, it doesn’t come close to the 25x opportunity presented by Remittx. This is fueled by Remittix having one of the biggest potentials we’ve seen in the crypto market in a long time. Savvy investors are jumping on this trend and buying the $RTX coin at only $0.0217.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
