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Solana is trading at around $146.38, just 0.48% higher, though its volume has dropped 43.46% to $1.96 billion. Despite positive news about the approval of the Solana ETF, the price action has not kept up with the buzz. Investors are now focused on Remittix, a new PayFi token gaining traction, as a better wager for July.
The recent slowdown, however, has led to bigger questions about whether Solana can still generate short-term upside or if emerging altcoins might be a safer bet.
Solana’s ETF Frenzy Does Not Quicken As Traders Seek Practicality
Etfs Usually Have Been Meant to Fuel Price Spikes. Solana’s quiet response, however, has been leaving analysts scratching their heads. One reason is that the news was already incorporated weeks before approval.
Also, with overall crypto volume dwindling, most of the large-cap tokens are struggling to gain traction. Solana’s network still suffers from congestion during high usage, leaving room for faster, smaller tokens to move into the limelight.
That is why increasing interest in what some call “ETH-powered disruptors” like Remittix.
How Remittix Is Beating Solana For July
Remittix (RTX) has been hailed as the dark horse of July and rightly so. Created on an Ethereum-compatible blockchain, Remittix supports instant crypto-to-fiat transfers with customers being able to transfer BTC, ETH or XRP to bank accounts in minutes.
This focus on real-world practical application is something Solana has failed to deliver on in the payments sector. Solana is strong in NFTs and DeFi but Remittix is breaking new ground in cross-border finance.
More than 548 million tokens have been sold and more than $15.9 million raised in funds. RTX has drawn massive attention from early investors.
Presale Buzz: Wallet Reveal, 50% Bonus & Q3 Launch
The Remittix network is expanding fast. The team recently announced the upcoming Remittix Wallet, to be released in Q3. This app will give users full ownership of their crypto and fiat balances, with instantaneous sending capability all under a single interface.
In order to make it sweeter, the presale now offers a 50% bonus on purchasing RTX tokens since the project is close to hitting its $18M softcap. The early investors are making it a no-brainer, more so with utility and momentum in the mix.
Is Remittix The Best Crypto To Buy In July
As Solana waits around for ETF approval, traders are clearly looking for fresh ideas. With its working product on the horizon, Remittix is offering something Solana can’t: actual payment adoption outside of crypto enthusiasts. Remittix’s low entry point of $0.0811 and rapid pop have caught the attention of a number of analysts, some of whom have deemed RTX a top 20 token of tomorrow.
For those still undecided on where to put fresh funds this month, Remittix might be the better option for July not necessarily for profit, but for giving what crypto was always meant to: functional financial freedom.
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