Solana (SOL), Polkadot (DOT) or Remittix (RTX)? Who Will Take Gold By The End Of January?

SOL News: Solanas Price Drops Below $200

The U.S. Federal Reserve Chairman, James Powell, claimed interest rates wont be reduced before 2025. This announcement has put additional pressure on financial markets, causing significant selling activity. Solanas price has been heavily impacted, dropping below the critical $200 support level.

The latest SOL news reflects that Solana currently trades at $190, reflecting a 1.4% intraday decline. The altcoins price has now fallen over 30% from its peak in November. The 4-hour SOL chart shows bearish momentum as the Solana price remains below all major Exponential Moving Averages (EMAs). This signals continued negative sentiment in the market.

Analysts caution that the Solana price may decline further unless buying activity increases. If the current downward trend persists, the next major support level is $153.30. Investors are checking for indications of stabilization or a reversal to show that the Solana price can beat the continuing decline.

In other SOL news, Solana has proposed a new improvement document to strengthen its network. The proposal suggests using a lattice-based hashing function to address the “state growth problem.” If implemented, this upgrade could significantly enhance the speed and efficiency of the Solana blockchain.

Polkadot Projected to Hit $10

Polkadot (DOT) has struggled recently. Within the last month, DOT dropped 22% from $8.6 to $6.58, and the altcoins market capitalization also decreased by over 4.9%.

Polkadot‘s price movement signals it’s planning for a huge move. DOT must overcome resistance at $8.181 and $9.573 to attain the $10 milestone. Support at $6.861 is critical to maintaining the current structure. Holding this level could create the foundation for another rally.

Technical indicators such as the RSI and MVRV ratio highlight positive market sentiment and momentum. These factors and increasing volume could help determine whether Polkadot can continue its upward trend.

Remittix Shows Greater Potential Than Solana & Polkadot

Although Polkadot and Solana (SOL) have performed well in the past, Remittix (RTX) demonstrates even greater growth potential. Remittixs strategic focus on cross-border payments positions RTX as a compelling investment opportunity. Early investors have already seen gains of over 300%, and RTX is expected to increase by 50 times before its official listing.