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The week couldn’t have gotten off to a worse start for Solana, VeChain, and Polkadot token holders, as all three tokens look set to continue their poor streak in the crypto market this cycle. Solana, the largest of the three, is down below the psychological $200 mark once again, as selling pressure ramps up as it usually does towards the beginning of the month.
Meanwhile, VeChain has never seemed to have its foot firmly planted on the ground in this cycle. The token is down by 6% in the past week. Polkadot, on the other hand, has performed below analysts' expectations, and its 3% price dip is the latest in a long line of disappointments in the ongoing bull market.
Dwindling prices are to be expected in financial markets, even during peak periods like the ongoing bull market. What’s unexpected is when popular assets struggle with dwindling prices.
On paper, Solana, VeChain, and Polkadot are some of the most popular assets in the market and should be dominating the charts. The reality has been quite different, however. All three tokens have suffered severe price dips recently and are among the worst performers in the crypto market heading into the peak period of the ongoing bull market.
Analysts maintain that a recovery is possible, but with other tokens surging in the market, will any such event propel any of the three tokens to the top of the charts? The answer is not likely.
RTX, the native cryptocurrency of the upcoming PayFi project, Remittix, has experienced an uptick in purchases in its ongoing presale, evident from the fast rate at which it is growing. The Remittix presale has surged past $23.4 million already, and looks on track to hit $30 million before the end of the bull market.
Remittix’s accomplishments have not gone unnoticed, either. Since crossing $20 million in its presale, two prominent centralized exchanges, namely BitMart and Lbank, have announced plans to list the RTX token when it eventually launches.
Remittix, itself, has also caught the eye of the industry. The project is highly rated and expected to transform the global payments experience when it launches. It will feature innovative solutions, such as:
Direct crypto-to-bank transfers in over 30 countries worldwide
20% referral rewards for onboarding new users
Support for 40+ cryptocurrencies and 30+ fiat currencies
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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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.
