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Swipe (SXP) gains traction ahead of August Solar card launch: What to expect

Swipe (SXP) is revving up as it prepares for a major milestone: the launch of its highly anticipated Solar card in August. Despite the current sideways movement in the crypto market, Swipe is set to gain momentum, positioning itself as a key player in the forthcoming bull run.

Here’s why the Solar card could be a game-changer for Swipe and its community.

The upcoming Solar card, set to debut in over 200 countries, promises to revolutionize how SXP enthusiasts interact with both fiat and cryptocurrency. 

This innovative debit card is designed to seamlessly integrate digital coins with traditional financial systems, offering a convenient and versatile payment solution.

Key features of the Solar card:

  • Low fees: Enjoy minimal transaction costs.
  • Seamless crypto transactions: Effortlessly buy and sell cryptocurrencies.
  • High card load limits: Load substantial amounts onto your card.
  • 24/7 customer support: Get help whenever you need it.
  • ATM withdrawals: Access cash from ATMs worldwide.
  • Global payments: Use the card to pay for goods and services globally.
  • IBAN accounts: Benefit from international bank account numbers for enhanced financial flexibility.

SXP price outlook

Swipe, rebranded to Solar in December 2021, has garnered support from leading exchanges like KuCoin and Binance. 

This strategic shift aims to bolster the adoption of cryptocurrency by integrating it into existing payment platforms, thereby enhancing user accessibility and convenience.

Recent developments indicate a positive shift for SXP. The altcoin has shown signs of recovery, climbing from a low of $0.2496 to a high of $0.2636. 

Trading volume has surged by 35% in the past 24 hours, signaling increased market optimism.

SXP’s technical chart reveals a potential bullish breakout. After forming a descending wedge pattern, SXP appears poised for a significant upward move. 

Analysts predict that the altcoin could reach the pattern’s target of $0.410, representing a notable increase from its current price.


Source- TradingView

The launch of the Solar card is expected to drive substantial volume into SXP, contributing to its potential for impressive performance. 

Market sentiment remains bullish, driven by several factors including the US elections, cooling inflation, and eased regulatory challenges.

Additionally, renewed interest in spot Bitcoin exchange-traded funds (ETFs) and anticipation of a strategic BTC reserve announcement by Donald Trump at the Bitcoin conference from July 25-27 are contributing to a positive outlook for the broader crypto market. 

With Bitcoin potentially breaking past $80,000 in August, the resurgence of the bellwether cryptocurrency could also support SXP’s climb towards all-time highs.

Swipe’s Solar card launch represents a pivotal moment for the altcoin, providing new avenues for growth and user engagement. 

As the crypto market anticipates further developments, Swipe is well-positioned to capitalize on these trends and achieve substantial gains in the coming months. Stay tuned for updates as Swipe (SXP) continues to make waves in the cryptocurrency space.

The post Swipe (SXP) gains traction ahead of August Solar card launch: What to expect appeared first on Invezz

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Newton Gitonga
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