While analysts have had a lot to say about top altcoins, including Solana’s rollercoaster movement over the last few weeks, the biggest news to hit the Solana network in the last couple of hours is Solana price setting another all-time high of $277.99, all thanks to the launch of Trump’s meme coin on the Solana blockchain.
Elsewhere, Ripple (XRP) investors are moving their stock over to a new crypto project. While the XRP token price hasn’t performed badly, these investors have identified better profit potentials on Remittix.
Trump’s New Crypto Makes Expected Wave
Different events have influenced market conditions in the past few weeks. First was the anticipation for Trump’s inauguration, sending Bitcoin and other top altcoins into a bullish frenzy. The market reacted positively to the prospects of the pro-crypto policies of Donald Trump. More recently, the Trump Coin launch three days ago is creating wild excitement in the crypto market, especially in the meme sector.
The new TRUMP meme coin is currently raking in impressive numbers across different charts and timeframes. OFFICIAL TRUMP’s market cap has crossed the $10 billion milestone, and at $51.29, the Trump Coin price has gained 691.96% since it launched just a few days ago.
The TRUMP meme coin has now broken into the top altcoins ranks, sitting comfortably in 18th position. However, some experts find its current 8.77% daily decline worrying, suspecting the typical meme coin volatility might be at play here. In any case, it’s been some eventful early days for the TRUMP meme coin, and by extension, the Solana network, which has capitalized on the traction for its SOL rally.
Solana Feeding Fat From the Trump Meme Coin Rally
Solana’s utility and reliability have come to the fore since the Trump Coin project decided to bank on the network’s efficiency to launch its multimillion-dollar meme coin. Since then, the network has gained massive traction setting the Solana price on a bullish trajectory that has broken, seeing it set another ATH at $294.33.
Solana currently boasts of a $36 billion trading volume in the last 24 hours, a 34.44% increment in activities on the network.
This Solana price boost has justified SOL hodlers, who endured through the bear market that had most top altcoins in a chokehold. With new traders leveraging the surge and swing traders also trying not to be left out, Solana is surely one of the top altcoins to look out for this week.
Ripple Investors’ Dilemma
XRP investors have had to wait out the ongoing legal war between the U.S. Security and Exchange Commission (SEC) and Ripple. With the emergence of a crypto-friendly Donald, Ripple’s XRP token got a major boost last year as investor confidence grew.
The excitement that greeted Trump’s win took the XRP price past the dollar, and the DeFi token is now currently priced at $3.26, a 40.42% monthly uptick. However, many investors fear Ripple (XRP) may have peaked, leaving it with very limited profit prospects.
No surprise that their appetite is now directed towards a new crypto project, Remitix (RTX), offering efficient cross-border crypto-fiat transactions.
New Crypto Project: Remittix’s (RTX) Potential, Way Out for Ripple Investors
DeFi has had its groundbreaking impact on day-to-day transactions across different industries, and now it’s about to get better. Remittix is a payment network competing with the big guns to be at the helm of merging traditional payment with DeFi. With DeFi technology, the project positions to dominate the huge $190 million banking industry and compete with industry giants like Wise.
With Remittix’s PayFi system, crypto-to-fiat transactions just got better. The project allows users to initiate transactions seamlessly from their crypto wallets and have it delivered in fiat without extra charges or concerns about cross-border exchange fees.
Since its fast-selling public presale launched, Remittix has raised over $4.6 million in investments and the RTX presale token doesn’t look like it’s slowing down anytime soon. Experts have predicted a potential 100x post-launch jump, but the profit starts from the presale, where investors can rake in up to 800% in ROI if they buy now at $0.0256.
Join the presale and community now!
Disclaimer: This article is sponsored content provided by a third party and does not constitute financial or investment advice. Cryptocurrency investments carry inherent risks, and readers should conduct their own research before making any investment decisions. When considering ICOs, be sure to evaluate aspects like the whitepaper, team, partnerships, and tokenomics.
