This past week will go down as one of the worst ever for crypto. Over $2 billion was liquidated from the market after Trump imposed tariffs on Mexico and Canada, igniting trade war fears.
With the market stabilizing, crypto whales are back in action, buying the dips in top altcoins like Solana (SOL) and Avalanche (AVAX). Meanwhile, Remittix is another project that has seen the favor of investors since the crypto meltdown. Investors quickly recognized its massive potential while their search for the next crypto to 100x intensified earlier this week. This PayFi protocol has already seen an impressive $10.8 million in capital inflows in just a few weeks, reinforcing confidence in its profit potential.
This article will analyze what’s next for Solana Price, AVAX, and Remittix, analyzing their market movements and future trajectory.
Solana (SOL): A Fierce Comeback After a Brutal Week
Amid the historic liquidations, Solana price took a 16% dive on the weekly chart. But it could have been far worse! There’s no sugarcoating it—things got ugly. Solana’s DEX trading volume suffered a 34% hit, with Solana price crashing to $184 before attempting a comeback.
Fortunately, market conditions steadied after President Trump paused the tariffs, easing trade war fears. With SOL and other assets leading the rebound, Solana price surged 18.5% within 48 hours, bouncing off its $183.06 low on Monday. Currently, Solana price sits at $203.81, cooling off 6.1% from its recent peak.
In other bullish news, Solana’s flagship DEX, Raydium, overtook Uniswap in monthly trading volume after an explosive January. This surge was fueled by meme coin interest, proving that Solana remains dominant amongst top altcoins.
Avalanche (AVAX): Stability Amid the Chaos
This wasn’t a week for celebrating victories. Instead, for top altcoins, it was all about survival. AVAX didn’t fare better, with a 33.5% loss earlier this week. Since then, Avalanche has managed to stabilize at $27.13, recovering 20.1% within the last 72 hours.
The next move for AVAX will largely depend on how quickly the market rebounds. Crypto whales have wasted no time accumulating AVAX, with on-chain data from IntoTheBlock revealing that 302,100 addresses have purchased approximately 14.26 million AVAX tokens in recent days.
Technical indicators suggest AVAX is testing a critical support level within a three-year descending triangle pattern. If bullish momentum continues to build, AVAX could be on track for a breakout toward $38 by late February. With whales accumulating aggressively, this top altcoin is primed for a significant rally.
Remittix (RTX): The PayFi Protocol Gaining Momentum
Solana price, AVAX, and several top altcoins might benefit from market stabilization, but it’s not the same with Remittix (RTX). This PayFi protocol has been on a relentless upward trajectory. When several top altcoins suffered during the market meltdown, Remittix price has consistently pushed higher, securing back-to-back price jumps throughout January and February. If this bullish trajectory continues, Remittix could be one of the biggest gainers of Q1.
Remittix is an innovative PayFi protocol that facilitates cross-border fiat deposits via crypto assets. Remittix achieves this in real-time, without friction and no hidden fees. Much like your traditional banking apps, Remittix enables crypto-to-fiat transactions at the tap of a button. Whether in an underbanked region or a central financial hub, users can send crypto payments instantly.
Moreover, the success of Remittix’s ongoing presale indicates that RTX could experience parabolic price movements in the months ahead.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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