With Solana's price breaking free from its prolonged bearish trend, optimism is running high among crypto investors

After raising $14.5 million in its ongoing presale, Remittix (RTX) gained a whopping 500%

Solana’s price action has recently broken free from its prolonged bearish trend, sparking optimism among crypto investors. As the altcoin continues to regain upward momentum, many are curious to see if it could rise as high as some of the newest contenders in the market, Remittix (RTX).

The new PayFi token recently experienced a massive 500% increase after raising $14.5 million in its ongoing presale thanks to its real-world application in efficient crypto-to-fiat payment. But can Solana’s recent resurgence rival the kind of explosive growth seen in a rising star like Remittix?

Institutional eyes fixed on Solana’s upside potential

Sour: Coinmarketcap

Solana’s price is currently up 13% this week after breaking above the psychological resistance at $150. According to the experts, if the SOL price manages to hold above the $140 support level, institutional investors may be interested in pulling SOL to a very attractive target of $176 based on the latest trading pattern.

Interestingly, the positive outlook was reinforced by the DeFi Development Corporation’s new investment in SOL. The corporation recently bought 65,305 SOL, which amounts to nearly $9.8 million, bringing its total SOL holdings up to 317,273 SOL.

"We are continuing to build a sizable position in Solana as part of our broader strategy to invest in promising blockchain ecosystems," said Joseph Onorati, CEO of DeFi Dev Corp. "This action allows us to buy SOL at favorable prices and signals our enduring commitment to the Solana ecosystem."

This action shows that institutional and corporate interest in Solana is increasing, and they are not alone in investing. Recently, Galaxy Digital shifted $100 million from Ethereum to Solana. Moreover, SOL Strategies finalized a $500 million deal to acquire a stake in SOL, further boosting confidence in the token.

Solana’s growing DeFi activity and rising developer engagement are further fueling optimism. With network performance improving and new dApps launching regularly, SOL’s ecosystem appears primed for sustained growth.

Remittix surge 500%: PayFi solution attracts $14.5 million in investment

While achieving a 500% gain or surpassing it is never guaranteed in the crypto space, projects like Remittix are quickly grabbing attention with their unique approach.

Remittix is designed to make it easy for people to send money internationally using a user-friendly system that serves as a bridge between cryptocurrency and fiat. What sets it apart is its cost-effective, lightning-fast and zero-fee transaction processing for users.

With Remittix’s crypto-to-fiat protocol, transactions are processed instantaneously, a stark contrast to traditional centralized banks’ inefficiencies.

For merchants and service providers, Remittix opens the door to accepting crypto payments without the usual headaches. Through its Remittix Pay API and Checkout feature, businesses can accept cryptocurrency and get paid in fiat instantly and without fees.

The Remittix presale is currently ongoing and has attracted considerable attention from investors eager to secure tokens before the price increases.

At the time of writing, over 529 million $RTX tokens have been sold, raising more than $14.5 million as excitement builds over the project’s bold utility and growth potential.

Currently priced at $0.0757 with the next increase set at $0.0781, analysts predict that $RTX will surge by up to 500% in the near future, given its unique position in bridging cryptocurrency with global fiat payments.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix