Bonk Price Cools Off, Remittix Seeks to Build Demand for PayFi App

The price of Bonk has cooled off after a recent rally, but its community and established place in the Solana meme-coin market suggest it could make a comeback.

However, the project's immediate question is whether momentum returns, and it needs buyers to defend recent support and push through the late-September highs on sustained volume.

Remittix, on the other hand, is focused on building demand from a vast pool of people who need to move money across borders repeatedly, and its PayFi app is set to test its first 1,000 users before the scheduled November 24 debut.

The project has raised over $32 million from over 40,000 participants, with a $36 million hard cap, and its next PayFi testing milestone is inviting its first 1,000 users to try the crypto-to-bank payment experience.