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It’s been months, and many analysts are still comparing Remittix’s PayFi solution with established giants. In fact, its ongoing presale pulled in so much interest that investors snapped nearly $10 million worth of RTX tokens in just months. Remittix is quickly becoming a dominant force in DeFi, but how does it stack up against top crypto performers such as Solana? Can this cross-border crypto coin rise to the challenge and compete with sturdy giants like Solana in the long run? One way to find out! Remittix growth: PayFi protocols crypto coin accrues almost $10 million in months Remittix’s comparison with Solana stems from its innovative focus and huge potential to revolutionize crypto payments. XRP already ousted Solana, and analysts are wondering if this new PayFi protocol could be the next. Since its launch, this top crypto payment protocol has rapidly gained attention for transforming cross-border transactions. Like Ripple, Remittix aims to offer a long-lasting solution to traditional banks’ inefficiencies and allow anyone to convert their cryptos into fiat for transfer quickly. Remittix’s PayFi solution allows individuals and businesses to bypass centralized financial systems’ inefficiencies, costly transactions, and long processing times. For businesses, Remittix provides an e-commerce-friendly Pay API for cryptocurrency payments with the flexibility to convert these into fiat. Its presale has raised over $10 million, and the RTX native token is at its heart. The token offers value-driven utility, including serving as the staking and governance token. As the ICO phase continues, RTX crypto coins are priced affordably at $0.0521, which is an attractive entry point for early investors. How does RTX stack up with Solana? Anatoly Yakovenko’s brainchild has changed DeFi and dApp development in unprecedented ways. Since its launch in 2020, Solana has proven the massive efficiency and scalability that innovative third-generation networks can achieve with its Proof of History consensus algorithm. Over the years, Solana has built on this innovation. Now, with recent technical and market developments, Solana is gearing up for what could be its most significant rally yet. Following Trump’s pro-crypto activities, Solana reached a new ATH of $294, with over 130% 12-month growth. Onchain performance has been impressive, too. TVL has risen to a whopping $11.3 billion from just $260 million at the height of the FTX collapse. The technical analysis complements the positive sentiment around this top crypto asset. A symmetrical triangle price pattern that suggests more upsurge is gradually playing out, and we could see this top crypto performer ride the wave to a new ATH of $330. Beyond the technicals, Solana has also been at the focal point of institutional interest as the next in line for spot ETF approval after BTC and Ethereum. Currently trading near $240 psychological support, Solana’s strong market position positions it for a strong rally soon. Conclusion Remittix continues to gain traction as a disruptor of global payments. With a unique PayFi solution, growing adoption, and a token presale that has already raised millions of dollars, Remittix is certainly making its mark. However, the question remains: can it go toe-to-toe with blockchain titans like Solana? Remittix’s innovative approach to cross-border transactions and strong community backing suggest that it surely could. Discover the future of PayFi with Remittix by checking out their presale here: Website : https://remittix.io/ Socials: https://linktr.ee/remittix Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
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Stablecoins Hit $200 Billion—Does This Signal A Massive Crypto Rally?
For the past few months, stablecoins have yielded the spotlight to their more speculative counterparts, including tokens inspired by politicians. However, recent on-chain data suggests that stablecoins are back and have surpassed the $200 billion market cap. Related Reading: XRP $10 Price Tag Hinges On SEC Lawsuit Conclusion, Analyst Says According to the data shared by Alphractal, the segment’s capitalization has surged to $211 billion, a record high, thanks to months of stable growth, which started in mid-2023. Stablecoins‘ market capitalization grew by 73% from its August 2023 value of $121 billion, updated data released on January 31st show. The primary driver of this segment’s growth is still Tether’s USDT, however, USDC has been gaining ground recently, which is fascinating. ???? Stablecoin Market Cap Surpasses $211B – USDC Gains Momentum! Since 2023, the stablecoin market has grown significantly, mainly driven by USDT (Tether). However, recently, USDC has been gaining an edge over other stablecoins. This trend is occurring due to the recent drop in… pic.twitter.com/IRKrQErmCE — Alphractal (@Alphractal) January 31, 2025 Tether’s USDT Remains Primary Driver Of Growth Since 2023, the stablecoin market has grown steady, mostly due to Tether’s USDT. As of now, stablecoins are worth $223 billion, which is a 0.2% increase from yesterday. Interestingly, USDT and USDC are the present growth drivers of stablecoins. Apart from the numbers from both coins, the stablecoins group hasn’t changed much since 2023 and has shown steady and average values. Right now, Tether’s USDT is valued at almost $140 billion, and USDC is at $53 billion. USDC Slowly Gains Ground On Other Coins Alphractal’s post on Twitter/X shows that USDC has been gaining ground over other stablecoins in the market. According to the post, this is happening due to a drop in altcoin prices and since a substantial part of the sell-offs have been swapped into USDC. The post also showed that USDC’s dominance in this segment has hit a key resistance level, the same amount observed in 2021. This was the start of the bear market in 2022 when Bitcoin’s price dropped to as low as $15,500. If this metric persists, it can serve as the market’s bearish signal, impacting investors’ buying decisions. However, if this metric declines, it can be USDC’s jumping board to claim new highs. Related Reading: 21Shares Bets On Polkadot, Files For Spot ETF With SEC What To Expect From The Stablecoins Segment In The Short-Term In the last bull run, USDC’s supply increased in May, then reached its high in March 2022. The stablecoin’s market cap increased by 170% from April 2021 to March 2022. If the current coin supply continues to grow but price starts to dip, then the stablecoin market may hit its peak in a few months. Traditionally, a rising market cap for stablecoins reflects growing investors’ confidence, which signals an increase in capital inflows. On the contrary, a rising stablecoin market cap is usually associated with growing investor conviction, signaling the potential for boosted capital inflows. This suggests that the bullish momentum could continue for a few more months. Featured image from Gemini Imagen, chart from TradingView NullTx
This Week in Bitcoin: Trump Tariffs and DeepSeek Fuel Plunges, But Tether Is Coming
Bitcoin swung wildly thanks to DeepSeek fears, Fed hopes, and Trump tariffs, while Bitcoiners got mad at Ripple over U.S. reserve plans. NullTx
