Cardano’s price is soaring on the back of its developer community outpacing Ethereum’s in a move that signals growing bullish momentum for ADA, as whale activity also picks up, as seen by an inflow of 420 million ADA.
Cardano’s price at $0.7310 is up 22.6% in the last month, adding to its year-to-date uptick of nearly 60%. While Cardano’s price still faces several hurdles on its path to reclaim a price above $1, its recent uptick above the $0.65 resistance zone gives it the impetus to reach the $1.08 target on its next leg up.
ADA is not the only promising token in this coming bull run. Remittix, an emerging PayFi protocol, is reinventing cross-border payments in a move that could disrupt a potential $250 trillion remittance market. Analysts are already forecasting a 3,000% uptick for Remittix’s RTX once it launches.
This explosive prediction is driving attention away from even top-tier altcoins like Cardano, as investors look for higher upside potential in newer projects.
Still, Cardano’s robust ecosystem and community support continue to position it as a strong contender for long-term growth.
Cardano’s price flips key resistance into support as bullish sentiment rises
After a devastating drop of over 90% from its peak price of $3 in September 2021, Cardano’s price has consolidated in a flailing motion between $0.30 and $0.50 amid a marketwide downturn that saw Bitcoin drop below $80K.
Image Source: Coinmarketcap
As the market rebounds, Cardano’s price is moving in tandem with the overall bullish sentiment sweeping through the crypto landscape, with some analysts anticipating a 300% uptick for ADA this bull run.
The technical signals of Cardano’s price in the last month demonstrate an imminent breakout that some analysts believe could push ADA as high as $2.65 within months.
At its current price, ADA would need to sustain its uptick past its consolidation range against an ascending support that is now forming right around the $0.50 zone.
Image Source: Trading View
Analysts have set bullish targets around Cardano’s price, banking on the continuation of its bullish momentum and Cardano’s network developments.
Indeed, Cardano’s price chart on the monthly time frame demonstrates lower highs and higher lows, leading to a gradual tightening within the falling wedge structure. If ADA continues to break out of the falling wedge, its prolonged correction could end, leading to a new bullish phase that would take ADA to new highs.
Remittix’s RTX presale outshines Cardano’s price, raising over $14.8 million
Cardano’s price predictions might seem staggering right now, but they don’t hold a candle to the bullish potential of Remittix’s RTX token. Increasing attention toward RTX’s ongoing presale from savvy crypto investors has seen it raise over $14.8 million in a brief spell. RTX is the native token fuelling Remittix’s emerging PayFi protocol, built to drive mass adoption of a revolutionary cross-border payment platform.
Remittix takes on a simple and intuitive approach where users can send funds directly from their crypto wallets to the recipient’s bank account. The recipient gets a bank transfer without ever knowing that the translation started out from a crypto wallet.
Plus, Remittix stands out from competitors like Stipe thanks to a flat fee on all transactions with no hidden extra charges. Simply put, what you send is what the recipient receives, making Remittix’s payment network a lot cheaper than conventional means.
Remittix is fuelling mass adoption of cryptocurrencies with a platform that bridges the gap between the blockchain and traditional banking. Even businesses can accept crypto payments with Remittix through their PAY API.
With only 50% of RTX tokens up for grabs and over 74% of RTX’s 1.5 billion tokens sold, now is the time to jump in, as RTX is changing hands at a discounted rate of $0.0757.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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