Solana dey drop as Remittix (RTX) dey trend wit PayFi growth
Solana price momentum don cool down after e surge to $209, e slip down to around $184.27 because e dey lose weekly returns and open interest. US SEC put decision for Solana ETFs for side till November, dat one make traders begin pull back. Even though dem bin dey accumulate before, Solana bulls dey face fresh downward pressure.
Meanwhile, Remittix (RTX) project dey rise for trending lists with im PayFi solution. Remittix dey enable direct crypto-to-fiat transfer through API calls, e no dey use middlemen. E presale price for $0.0922 each token don attract investors and e raise hope say platform fit take challenge Ripple (XRP) for cross-border payments.
Traders suppose dey watch Solana ETF outlook and Remittix launch. Short-term volatility fit still dey for SOL before regulatory clarity show. For long-term, Remittix entry into trillion-dollar payments sector fit change PayFi adoption and affect market sentiment.
Bearish
Di news dey show say Solana price momentum don clearly pull back after e sharp spike to $209 and SEC delay their decision on Solana ETFs. For history, anytime regulator delay for ETF approval, crypto asset wey relate dey usually decline short term, like e happen when Bitcoin ETF delay. Di drop to $184.27 plus decline for open interest show say traders for SOL get bearish mindset.
On di oda side, Remittix (RTX) wey dey come up for PayFi sector fit drive interest for altcoins but e no go give Solana much immediate support. For short term, SOL fit still dey volatile until ETF decision clear. For long term, the increase competition for cross-border payments fit pressure Solana market share, making bearish outlook strong overall.