The Solana network has emerged as a dominant force in DeFi, surpassing Ethereum and Base in 24-hour decentralized exchange trading volume. Despite the recent bearish outlook, this impressive milestone underscores SOL’s growing competitiveness and influence within the DeFi ecosystem.
Shiba Inu’s price also plummeted toward $0.000022 on Wednesday, marking a monthly dip of over 17%. Shiba Inu’s technical indicators have also pointed out a bearish outlook as Remittix (RTX) presale momentum heats up. Remittix’s price is set to hit the $1 target in 2025, having already surged to $0,0193, with the next target being $0.0207 in the coming days.
According to DefiLiama, Solana-based DEXs recorded nearly $3.8B in trading volume on January 6, dwarfing ETH’s $1.7B and Base’s $1.2B. Solana’s remarkable growth in the DeFi sector has also been reflected in its total value locked, which surged from $1.4B in 2024 to around $8B at the beginning of 2025. This growth highlights the increasing liquidity and investor confidence in Solana’s ecosystem.
Solana’s success can be attributed to its low fees, active community, and fast execution. Traders looking for explosive gains usually flock to meme coins and AI-related tokens. According to Grayscale research, the Solana ecosystem excels in these two sectors.
However, despite its impressive milestone, Solana’s price movement continues to dip as it hovers above its critical support level of $190. This level represents a key test for Solana’s price as it seeks to solidify a bullish trajectory. Technical indicators also point to a bearish outlook, with the RSI at 43.
Shiba Inu’s price has experienced a significant downtrend momentum this week. This bearish performance for the SHIB token mirrors the general crypto market, with the likes of Solana and Bitcoin also booking considerable losses. The dip in the price of Shiba Inu also marks a sharp correction within the weekly timeframe, reflecting bearish pressure that has persisted since the start of the year.
The downtrend in SHIB price movement has been driven by hawkish expectations from the US Federal Reserve, which led traders to scale back exposure to high-risk assets, including meme coins like Shiba Inu. Shiba Inu’s attempts to stabilize around the $0.000023 level on Monday faltered as sellers intensified mid-week, pushing the SHIB price closer to its critical support level of $0.000020.
The price action indicates a consolidation phase just above the $0.000020 level, with volatility set to persist in the short term. However, despite the recent dip, Shiba Inu wallets’ holding balance surged to 1.38M as of January 7, marking an ATH for this tier of addresses.
Unlike traditional payment platforms in today’s market, Remittix (RTX) is a financial technology project that will enable international fiat currency transfers using advanced payment systems. It seamlessly connects digital currencies with traditional ones, allowing users to instantly convert cryptos into fiat currency and send the funds directly to any bank account globally.
Recipients will receive the payments in their chosen fiat currency without even realizing that the transaction started from cryptocurrency. This will give users complete control and flexibility in transferring and managing funds. Moreover, the perks also extend by ensuring the transactions are processed without foreign exchange fees.
With its outstanding PayFi features, Remittix differentiates itself from Wise, Stripe, and Coinbase. Moreover, besides its crypto-to-fiat features, Remittix will provide a Pay API, allowing businesses to accept crypto payments. This move opens up a unique opportunity for companies looking to capitalize on the ever-growing crypto market.
Companies utilizing Remittix’s ecosystem can create a merchant account and manage their crypto withdrawals with access to over 50 crypto pairings and 30+ fiat currencies, eliminating intermediaries and reducing exchange rate costs. This has seen the RTX token gain massive attention, with a price surge to $0.0207, as it seeks to hit the $1 target in 2025.
With the next bull marker circle approaching, Remittis is quickly positioning itself as a potential contender in 2025. This ambition is backed by its impressive milestone of over $2.4M in raised revenue. With such gains and an anticipated rally to $0.0207, Remittix is on the right path to recording impressive gains like Solana and Shiba Inu.
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