Solana News: Market Turbulence and Emergence of Remittix as a Potential Competitor

The cryptocurrency market has been experiencing significant turbulence following the U.S. Strategic Crypto Reserve announcement by President Trump, which included Solana. During this time of uncertainty, an innovative payment solution named Remittix has entered the market, with analysts predicting it will surpass popular DeFi projects in the upcoming year.

Solana Alternative Remittix To Hit $5 In The Next 12 Months

Analysts Solana price prediction models experienced a major disruption after President Trump announced the U.S. Strategic Crypto Reserve which included Solana on March 2, 2025. The market has been turbulent as investors evaluate potential coins. The innovative payment solution, Remittix, enters the market during this chaos and analysts predict it will surpass popular Defi projects in the upcoming year. The integration of Solana into Trump’s reserve triggered a 22% surge in SOL price, with the current trading value standing at $133.29.

Pump.fun Revenue Dropped to Seven-Month Low

Pump.fun, once the leading Solana casino, has seen its revenues plummet to $667K daily, marking the lowest point in seven months. The platform’s revenue decline continues with no signs of stopping, and daily revenues fell to just over $110K the next day. This reflects the general loss of Optimism for crypto, as even major coins sank deeper in the red. Total fees for the platform also fell drastically, down another 90% within days.

Next Solana ETF Deadline

The next Solana ETF (exchange-traded fund) approval deadline is March 11, 2025. This marks the end of a 240-day review period for some of the initial Solana ETF filings, such as those from VanEck and 21Shares, submitted in mid-2024. For other filings, like Grayscale’s application, the final deadline might be extended to October 2025. However, posts on Twitter and some analyses suggest March 11 as a critical date for an initial or unified SEC response to multiple applications. crypto market participants are cautiously optimistic.

Solana (SOL) Price Prediction for March 10

The current trading price of Solana (SOL) is $129.50. SOL has dropped by 4.43% in the last 24 hours and by 33.20% in the past 30 days, indicating a bearish long-term trend. The token has been consolidating within a defined range, reflecting trader indecision. This sideways trading pattern often precedes a breakout, awaiting a catalyst to drive the price either upward or downward.