Whales Abandon Cardano and Solana for Remittix, Altcoin Set to Reach $2

Generated by AI AgentCoin World
Tuesday, Feb 11, 2025 11:36 pm ET1min read

Major investors, often referred to as "whales," have been shifting their focus from established cryptocurrencies like Cardano (ADA) and Solana (SOL) to an unknown PayFi token called Remittix. This altcoin has garnered attention for its potential in the crypto market, with some analysts predicting it could reach $2 soon.

Recent data shows Cardano near $0.7998, a -19.24% monthly dip, and Solana around $202.80, down about -1.98% weekly. While Cardano and Solana have their strengths, such as staking features and fast transactions, whales seem eager to explore new crypto growth potential beyond these established networks. Analysts suggest that big holders are looking for coins that can solve direct problems quickly.

A PayFi altcoin named Remittix has caught the eye of these whales. It has surged from about $0.0521 to $0.0567, up +300% since its presale. This altcoin focuses on everyday remittances, making it an attractive option for those seeking real-world applications. Imagine Farida, a teacher in rural Ghana, who receives Remittix from her cousin in Canada and instantly converts it to local cash without extra fees. This real-life usage draws whales who are bored with meme tokens.

Observers tag Remittix as likely to reach $2 by summer, contrasting with meme-based coins or slower blockchains. By cutting out big-wire costs, Remittix appeals to a broad user base beyond typical crypto fans. Some Cardano and Solana holders see it as simpler and more direct, fueling the coin's rise.

While Cardano invests in mainnet upgrades and Solana touts NFT expansions, whales want immediate returns. By targeting day-to-day money transfers, Remittix lessens speculation risk. This utility cements it as a top pick for new crypto growth potential, standing strong against market swings. If user adoption climbs, hitting $2 might be realistic.

Observers point out that both Cardano and Solana rely on developer interest or brand presence. Remittix, meanwhile, solves financial pains for families, freelancers, and unbanked regions. Because it focuses on near-instant, cheap remittances, it can overshadow older networks

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