While the renewed pump in the crypto market has recently seen BTC price cross above $107k, the Cardano price, on the other hand, has remained stuck below $1. Although the ADA coin had earlier been tipped for bigger success in the crypto landscape this year, the slow move is creating a new narrative.
However, while the Cardano price has continued to slow down, a new altcoin has begun to pick up pace and is already looking like a new favourite.
But before we discuss the new altcoin’s picking up pace ahead of the ADA coin, let’s consider why the future might be rough for Cardano’s price growth.
Cardano Price Dependency On Crypto Adoption
One of the main factors pushing Cardano as a favourite for many crypto investors is how the coin is hugely influenced by the growing crypto adoption. As many organizations and individuals continue to find a reason to trade and invest in crypto, there is an increasing need for cross-border management.
Cardano Solution aims to offer an enabling environment for building and deploying decentralized apps, but the growing adoption of crypto is also influencing more competition.
The ever-evolving crypto market has grown with hundreds of new solutions across various areas in the last few years. This means that new solutions and upgrades are needed for the Cardano price to continue rising in the competitive landscape. Although Hoskinson’s latest announcement of Cardano going fully decentralised has received a mixed reaction, more needs to be done to translate it into a bullish effect.
Why Cardano Price Could Continue Bearish
The recent market change saw many altcoins reclaim a bullish path, with SOL reclaiming support above $170, ETH above $2300, and XRP sitting back above its $2.3 support. However, the technical indication on the Cardano price shows the coin might be falling into a bearish zone instead of rising.
This is as the Cardano price continues recording losses on a two-week stretch, recording a 15% drop in the last seven days.
Furthermore, according to expert opinion from a recent MSN report on Cardano, all indicators show a potential for the coin to continue downward. The current price of $0.72 shows a further slip away from the $1 range.
With traders’ quick reaction to a dropping price, the recent Cardano price drop could further add to the already uncertain future growth.
Why Remittix Is Getting Popular in The New Crypto Era
The rise of a crypto-friendly US president has continued to fuel a general positive outlook, ushering in innovations to make crypto transactions easier. To boost crypto adoption and ease of use, the Remittix cross-border solution has added a different solution currently gaining traction as the future of crypto trading and cross-border financial transactions.
The Remittix solution allows crypto users to complete a faster, cheaper and more efficient crypto-to-FIAT transaction. It uses the user’s crypto assets to send money worldwide, like any bank transaction, but much faster and it gives users the best exchange rate possible. This new progress changes the crypto narrative, adding a plus to the Remittix token.
While still in presale, the Remittix token has continued to enjoy the solution of the Remittix exchange, boasting the fastest-growing ICO this year. Investors taking the opportunity with the Remittix token have seen an upward ROI of up to 10x since the beginning of the presale. However, with the presales still some weeks to go, currently at $0.0757, anyone joining now could see up to 50x before the year’s end as the coin officially launches.
The Remittix token could be the next significant investment in crypto, possibly surpassing the Cardano price after its launch. The links below provide more information about Remittix and the presale.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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Editor-in-Chief of CoinCentral and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@coincentral.com
