Cardano and Solana’s most active wallets have been quietly Remittix (RTX) token. This trend is just one example of increasing interest in the new cryptocurrency. SOL Strategies just landed their own impressive $500 million investment. Interestingly enough, both Solana and Cardano are experiencing favorable market price trends.

Remittix Presale Attracts Attention

Remittix (RTX) most recently entered its presale, with half of the total supply of tokens set aside for this presale. The price of the token is scheduled to rise to $0.0781 during the presale phase. Remittix wants to give people direct access to low-cost remittances without mystery fees and third-party companies. Users will now be able to send funds worldwide, including to recipients in the U.S., Europe, and Asia directly from their crypto wallets.

Remittix is thrilled to help increase participation with a special promotion that’s too good to miss! Ten random winners will receive $25,000 in RTX tokens simply by participating and sharing the presale with their community. This initiative has created a lot of interest and excitement about the project.

SOL Strategies Secures $500 Million Investment

SOL Strategies announced the consummation of $500 million financing through an ATW Partners convertible note agreement. The agreement designates a minimum of $20 million to start, with the option for as much as $480 million more in coming years. Such a large financial commitment is bound to have an enormous effect on Solana’s price, and potentially its wider ecosystem.

"The largest financing deal in the Solana ecosystem related to staking yield" - Leah Wald

This financing agreement is an important milestone for our ecosystem, and for the Solana ecosystem. The investment further demonstrates the increasing confidence in Solana’s potential and its ability to attract meaningful capital.

Market Reaction: Solana and Cardano Surge

Since news of the SOL Strategies investment was made public, the effect on Solana’s market performance has been impressive. Solana's price has surged 14%, reaching $154.

Cardano (ADA) has been surging as well, shooting up more than 17% this week to a current price of $0.7215. Cardano was able to break above resistance at $0.68 earlier in the week, a sign of incredibly strong bullish momentum. According to analysts, a surge past the $0.77 level might be enough to send Cardano surging to test the $1 level. In fact, some analysts are predicting a much bigger jump, up to $4 within the next few months.