Cardano is accelerating toward $1 after recently breaking a downward trend. But what’s next for ADA’s price and what might the next targets be?
Let’s take a deep dive into Cardano’s future prospects and where it might end up in the near term.
Is Cardano ready to reclaim $1?
Alongside the broader crypto market, Cardano is rallying again. After punching through the $1 mark in March, ADA’s price dipped all the way back down to $0.52 before rebounding to $0.80 today. However, it’s broken a pattern of lower lows and lower highs, now printing a bullish trend backed by higher volume.
The move follows months of groundwork laid by its developers and community. This year’s roadmap leans heavily into faster transactions, better governance and smart contract growth. Hydra, for instance, is an upcoming scaling protocol that boosts transaction speeds by handling data off-chain. Cardano’s also rolling out zero-knowledge rollups, Leios and Peras, all aimed at getting more done at speed.
Performance upgrades are just one side of the equation. The Plomin hard fork debuted in January, putting governance directly into the hands of ADA holders. It introduces an on-chain voting system that allows the community to propose and approve changes, part of a broader push in the Voltaire phase to decentralize every layer of the protocol.
In recent developments, Brave Browser has just integrated Cardano into its wallet ecosystem. That opens up access to Brave’s 86 million users and comes as part of Cardano’s “fixing broken windows” initiative a broader move to fulfill a series of delayed partnerships.
Source: CoinGecko
It’s clear that fundamentals are finally catching up to the chart. Getting back above $1 will be the real benchmark, but from there, traders are watching for March’s $1.14 high to be taken out. Above $1.14, it’ll be all systems go, with ADA expected to quickly top a December 2024 peak of $1.23 and challenge prices not seen since 2022, with a key resistance level likely around $1.50.
The outlook looks positive for ADA’s price, with this recent trend shift possibly signaling the resumption of a years-long bullish trend that started in 2023. With plenty of upgrades to look forward to, ADA could be back at multi-year highs sooner than some might think.
Remittix’s rise is catching attention
Like Cardano, Ethereum has been rising sharply. That’s lifted Ethereum-based tokens like Remittix.
Remittix is built to make crypto useful. It’s a platform that turns over 40 cryptocurrencies into fiat and sends it directly to any global bank account. For the receiver, it’s just a regular transfer. For the sender, it’s instant settlement and a flat fee with no hidden FX charges.
That’s powerful in a global payments market expected to hit $250 trillion by 2027. It’s simple, efficient and especially valuable for freelancers, families and international businesses.
Remittix also offers Remittix Pay, a plug-and-play API that lets businesses accept crypto and settle in fiat, with over 30 fiat currencies and 50+ crypto pairs supported.
The demand for Remittix and its RTX token has been undeniable in the presale. 50% of its capped 1.5 billion supply is allocated to the presale, with over two-thirds now sold out and just shy of $15 million raised to support the vision. However, with crypto picking up steam in recent weeks, expect the presale, currently at just $0.0757 per token, to be sold out soon.
Cardano and Remittix are too exciting to ignore
Cardano’s breakout will certainly be one to watch over the next few days and weeks. With previous highs likely to be targeted, things look bright for ADA investors. But just as Cardano sharpens its tech to scale for the future, Remittix’s mission to build the world’s best crypto-to-fiat off-ramp is gaining traction. Both look primed for lift-off considering jumping in before it’s too late.
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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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
