The crypto market experienced a significant downturn after Donald Trump's announcement of a 100% tariff on China, causing digital assets to plummet. Solana (SOL) fell by 17.8% to $183.93.
Despite the market decline, analysts believe this correction could create opportunities for patient investors. Market observers are now focusing on Remittix (RTX), an emerging PayFi solution expected to become a top crypto investment this year.
Remittix is called the best crypto to buy in October by experts.
Before the crash, Solana had shown notable strength, trading at $222 after a brief decline below $200.
Author's summary: Solana price drops after Trump's tariff announcement.