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Crypto liquidations hit $1.4 billion 24 hours after Bitcoin sank to $92,000 in the middle of December. Leveraged traders were left reeling as the pullback left a lot of blood on the crypto streets.
Solana was affected as well and after dropping dangerously low, it hasn't regained its form going into the last month of the year. But to the surprise of veteran industry watchers, crypto whales are still scooping up Solana. Read on to find out why they are doing so and if going in on Solana is a wise decision- or if the new 'XRP killer' Remittix is a better option.
Why crypto whales are still attracted to Solana Solana appreciated stellarly in the aftermath of the US general elections, hitting a new all-time high of $263. Unfortunately, the token couldn't sustain the momentum and slightly dipped at the beginning of December and when the market crashed in the last couple of weeks, SOL fell hard to below $183. This represents a 30% drop from Solana's all-time high! Even worse, SOL is yet to recover from the crash as it keeps on depreciating however Solana price predictions are still bullish especially for next year.
That is because the incoming US government is pro-crypto and it is expected to usher in a friendly environment for cryptocurrencies and other digital assets. In essence, experts believe a resurgence is on the cards by the time Donald Trump assumes the presidency in January. As a result, Solana price predictions have predicted a $300 SOL before the end of that month.
Crypto whales foresee this situation, and they are now buying low so as to sell high later on. Meet Remittix, the new 'XRP killer' XRP is an electronic system created to drive innovation across enterprise financial payment environments. Remittix has a similar goal but a bigger reach.
It appeals to both enterprise and retail crypto enthusiasts, enabling them to process transactions in a groundbreaking manner. Remittix leverages local payment networks and blockchain technology to empower crypto holders to facilitate crypto-to-fiat transactions. In essence, it allows you to use crypto to pay fiat directly into any bank account around the globe.
It has a friendly user interface, charges zero FX fees, and transactions are processed instantaneously. This use case is unheard of, and it positions Remittix for greatness. Investors realize its potential and are rushing its presale as a result.
Remittix is taking the crypto market by storm, and no one should be surprised if it eventually 'kills' XRP. The bottom line Crypto whales often make market-defining movements, like going in on Solana when it is in free fall. But it is important to realize that they are human, and they can make mistakes sometimes.
Remittix, on the other hand, is heading to the moon based on several indications. Available now for $0.0156, crypto analysts predict it could increase by as much as 1,000% in the new year.
This is more than enough to push RTX past the crucial $1 barrier, which would fetch early investors tremendous profits. But then, Remittix is a new crypto project with revolutionary potential, so there's no telling how high it will soar in the new year. Discover the future of PayFi with Remittix by checking out their presale here: Website : https://remittix.
io/ Socials: https://linktr.ee/remittix Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.
e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments.
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