Remittix Surges 250% as Solana and Avalanche Prices Stall
Solana (SOL) and Avalanche (AVAX) prices have stalled despite recent network milestones. Solana reached a record 107,664 transactions per second (TPS) but saw its price slip over 6% to around $182. On-chain data indicates robust liquidation processing during market dips. Analysts note a TD Sequential buy signal, suggesting a brief rebound followed by potential lower lows.
Avalanche has struggled to maintain bullish momentum. AVAX tested strong support at $24, with a breach potentially pushing it toward $20. A sustained recovery above $32 could pave the way to $38–$40 before Q4. Google search interest in AVAX is on the rise, hinting at renewed retail attention.
In contrast, low-cap altcoin Remittix (RTX) has emerged as a top utility token, rallying 250% in 30 days. Its frictionless, low-fee payments solution and upcoming Q3 beta wallet release have drawn whale interest. A 20% referral program and a $250,000 giveaway are boosting community engagement. Having secured $20 million in funding, Remittix is poised for a major centralized exchange listing.
Traders seeking the best altcoin opportunities should consider tokens with real-world use. Remittix’s rally underscores the market’s shift toward utility tokens over purely technical upgrades.
Bullish
The news highlights a rotation of capital from major layer-1 platforms to high-potential utility tokens, signaling a broader shift in trader sentiment. While Solana and Avalanche have demonstrated technical prowess, their stagnant prices underscore market caution. In contrast, Remittix’s 250% rally in 30 days reflects growing demand for tokens with tangible use cases, reminiscent of past DeFi rallies where projects offering real utility outperformed pure infrastructure plays. In the short term, traders may reallocate funds into utilities, driving further altcoin volatility. Over the long term, successful product launches, referrals and exchange listings could sustain price momentum for Remittix and similar projects. This dynamic points to a bullish outlook for utility-driven altcoins, even as blue-chip performance remains subdued.