Remittix outshines Solana meme coins with real utility and untapped market

The crypto market is exploding in Q2, with prices deep into the green. The Solana meme coin is making the biggest impression. Bonk is up 26%, Dogwifhat jumped 150%

The crypto market is heating up in Q2 with prices deep into the green. Among the best-performing tokens are Solana meme coins, with Bonk coin leading the way as it rises 26% and other Solana meme coins gain 10% or more.

However, even the latest technical analysis shows that these rampant cryptos are about to enter their next markup phase, but attention is turning to another explosive project—Remittix. With early buyers already reporting major gains, analysts are calling it a top contender for a 1000% breakout as the market prepares for its next wave. Let’s delve deeper!

Remittix outshines Solana meme coins with real utility and untapped market

While much of the crypto space follows high-speculative volatility, Remittix is drawing interest for something far more compelling—taking on the $190T cross-border payments industry.

With such an approach, the project has already seen interest in its presale push past $15.2 million as investors have now acquired 536 million tokens. This massive interest has seen the RTX token surge more than 420% as it rises from $0.015 to $0.0781.

Its PayFi protocol is streamlining global money transfers by letting users send digital assets that convert into local currencies. These transactions are swift, affordable, and free from typical banking delays.

With only a wallet connection to the Remittix app, market participants can select a currency and complete seamless, cross-border payments.

The native Remittix token, RTX, is where fintech meets high-yield staking at 8% APY for investors who decide to stake their tokens on the platform.

With this utility-first framework engineered to deliver value from day one, RTX has the potential to outlast even the bullish performance of Solana meme coins.

Bonk coin readies to stretch its next bullish leg, targeting a $0.000025 breakout

Following its impressive 26% rally, the Bonk coin entered a consolidation phase even after the announcement of its strategic partnership with DeFi Development Corp.

However, the Bonk coin has now turned a corner as the token is on the verge of breaking through $0.000025. This level coincides with the 200-day moving average and monthly horizontal resistance.

The confluence of technical indicators suggests that the Bonk coin is aiming to clear out the massive liquidity in that zone.

The CoinGlass Liquidation Heatmap reinforces these claims as it indicates a liquidity cluster around the $0.0000246 area. This Bonk metric further emphasizes this zone as a potential short-term target given its current momentum.

Moreover, the funding rates of the Bonk coin have peaked, remaining above 1%, indicating that traders are heavily leveraged for this bull run.

Dogwifhat prepares for a $1.3 breakout as derivative data reaches new highs

Dogwifhat’s price has resumed its upward trajectory following its recent $1 breakout. In May, the Solana-based meme coin, WIF, encountered support at $0.92, after encountering resistance from the supply-rich zone around $1.31.

Currently, WIF’s derivatives market is showcasing surging Open Interest (OI) and trading volume, signaling heightened investor enthusiasm that could sustain the elevated Dogwifhat price.

Meanwhile, the surge in short position liquidations to $1.44 million contrasts with longs at around $996,000, highlighting an imbalance that needs to be filled before a trend continuation.