Solana ETFs have been a hot topic in the market for a while now, but some market experts believe the ETF applications could be rejected in early 2025. Meanwhile, Remittix’s new PayFi protocol is soaring through its presale by raising nearly $650K in record time. Let’s find out what makes this newcomer special.
Solana (SOL) ETF Could be Rejected Because of Previous Lawsuit
According to Fox Business, two of the five asset managers who filed applications for a Solana ETF have been informed of the likely rejection already. Although a Solana ETF will likely become a reality at some point in 2025, regulators could significantly delay the process.
The real reason behind this is that Solana was previously classified as a security in lawsuits against major DEXs like Binance and Coinbase. Although the SEC dropped the direct lawsuit against Solana, the unresolved regulatory status of Solana could be a critical factor in the ETF rejection.
Despite this negative outlook, Solana’s price is beginning to regain bullish strength after a long consolidation period. Solana is currently trading for $195.72 after an intraday increase of 1.76%. Solana’s Momentum Indicator is already flashing strong buy signals, with analysts expecting Solana to test the R2 resistance at $328.75 in early 2025.
Remittix’s (RTX) Cross-Border Payment Revolution is a Game Changer
Remittix is giving traditional banking apps a run for their money with its blockchain-powered cross-border payment solution. Remittix allows users to convert any cryptocurrency into fiat and deposit funds into any bank account as local currency. Remittix processes every fiat deposit through local payment networks, cutting the transaction speed in half as compared to traditional wires and FX transfers.
Analysts believe Remittix could become the leading banking app in 2025 because of its lightning-fast transaction speeds. By leveraging the latest blockchain technology, Remittix ensures every transaction is processed within the same day and with complete transparency.
Remittix’s smart contract has already passed a comprehensive BlackSAFU audit which is a testament to the platform’s commitment to security. This blockchain technology ensures that payment records cannot be altered, making users place their complete trust in Remittix’s PayFi solution.
At the heart of Remittix’s PayFi ecosystem is the native $RTX token. Remittix investors can use $RTX to gain voting privileges which makes them important stakeholders within the ecosystem. Remittix also encourages investors to become long-term holders by offering annual staking rewards with up to 18% APY.
Remittix is also expected to dominate the global banking market in 2025 with its platinum debit card. VIP-tier presale investors can use these cards to make seamless crypto-to-fiat transactions anywhere in the world, increasing Remittix’s real-world utility.
Remittix is still in its presale phase, but it is already gaining more traction than Solana by raising nearly $650K in record time. Investors are rushing to Remittix’s presale to accumulate the native $RTX governance token for a low price of only $0.0163. With this low entry point, Remittix is attracting thousands of SOL investors who would rather be part of Remittix’s revolutionary crypto-to-fiat banking platform.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix