The overall crypto market sits at approximately $4.03 trillion total market cap, with conditions suggesting it’s appropriate to rotate to utility-based altcoins from a historical perspective. Cardano and Solana are two large-cap tokens that could climb to higher highs and mint the investors 2x – 3x this cycle.
Speaking of alts with the highest profit potential, Remittix (RTX) has been dubbed the breakout crypto project of this cycle. This PayFi platform on the Ethereum blockchain maintains a strong buy rating following the recent launch of its 15% referral initiative and other market catalysts. Let’s discuss the details.
Solana (SOL) boasts one of the most scalable blockchains in the market, with its recent technical upgrade. On-chain metrics indicate that adoption has been on an upswing; Total Value Locked, TVL, reached a new all-time high of $15 billion, growing from $12.79 billion in early September. Additionally, Forward Industries plans to actively deploy its holdings into Solana DeFi strategies, potentially catalyzing the ecosystem’s growth.
At report time, Solana is hovering near the $240 support, representing a minor nudge from the day before. Analysts believe Solana bulls will attempt to push the asset past the $250 price level next week, before making another rally towards a new ATH this cycle.
Cardano currently trades at $0.90, representing a mild 0.1% daily gain. The asset moved slightly northward, retracing from its week-long dump. Earlier this week, traders trimmed their profits as soon as the asset crossed the $0.90, sending the Cardano close to the $0.85 support zone.
Analysts believe Cardano could initiate a steady climb this weekend, pushing for a significant uptrend.
Source: X
According to Ali_Charts, the popular analyst, a historical breakout pattern is forming on its price charts; the asset crossed the 1.272 Fibonacci the previous cycle and could replicate an upside trend with near-term targets between $3–$6 in the final quarter.
Remittix (RTX) is an upcoming PayFi network building momentum. On-chain data shows retail accumulation topped the $26.1 million mark, scooping 667 million tokens in record time.
Several factors, including its 15% USDT referral program, are serving as bullish catalysts for the project.
Experts believe Remittix has the perfect catalysts and favorable market conditions to pull in a 100x this cycle.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250, 000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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