The journey of Q3 is gradually coming to an end and positioning for Q4 is in earnest. On-chain metrics have shown a lot of capital rotation and diversification over the past few days, also driven by the recent market liquidation.
While the market continues to recover, ADA investors are asking analysts for the probability of the token making new highs in this cycle. Different Cardano price predictions continue to emerge; let’s discuss them.
Cardano Price Prediction: Is ADA Set For A New High In The Next Cycle?
Ripple (XRP) continued to hold its position as the third-largest cryptocurrency by market cap. The ecosystem has also seen significant regulatory clarity in the United States and the payment company has continued to expand its payment corridor globally. Based on this fact, some analysts predict that Cardano price will peak at $5 in the next cycle, but some seem to disagree.
XRP’s price is trading at $2.78, after losing the $3 support, following the recent market liquidation. Despite Ripple being one of the most widely adopted cryptocurrencies and despite its recent expansion plans, it has failed to resist market influence.
Market watchers said that if the Cardano price prediction of $5 will be realised in this cycle, then XRP needs to stop following the broader market momentum, which seems unlikely in the short term.
Remember that Cardano is a well-established token with a market capitalisation of over $32 billion, which limits its potential. For ADA to reach a new high from its current levels, it will require billions of dollars in Inflow, which is impossible in the short term.
Savvy investors are diversifying into an emerging Payfi solution, gaining viral traction, Remittix (RTX), which is poised to be the biggest crypto gainer in the next cycle.
Remittix Is Set To Be The Crypto Gainer Of This Cycle
Remittix (RTX) is a PayFi platform that combines speed, scalability and DeFi integration to solve a $19 trillion payment gap between traditional payment systems and cryptocurrency.
It facilitates instant crypto-to-bank transfers in over 30 countries and supports more than 40 cryptocurrencies.
Remittix Highlights:
- Remittix smart contracts are fully CertiK audited; liquidity and team tokens are locked for a period of 3 years.
- All transactions are fast, secure and zero-charge and staking and mobile wallet features are coming soon.
- Users can earn up to 15% referral rewards by sharing the project.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
