Cardano is on the verge of a bullish breakout, as highlighted by analysts who point out the formation of multiple bullish structures that affect ADA's price movement. In the last month, Cardano’s price has increased 13%, adding to a year-to-date uptick of over 44%.
With Cardano’s price currently at $0.662, not to mention an RSI nearing the 40 regions, the previous bearish momentum on Cardano’s price has waned.
Analysts and onlookers anticipate a bullish breakout for ADA in the short term, which could see it rally to as high as $2.60. However, there is a new token on the altcoin market that is on track to disrupt cross-border payments. Introducing Remittix's RTX token with its PayFi protocol. RTX's ongoing presale has already raised over $14.7 million.
ADA holders who bought the dip when Cardano’s price plummeted below $0.50 at the tail end of 2024 have seen their portfolio gain a near 2x multiple thanks to the hype that brought about a bull run with the election of Donald Trump as president.
While Cardano’s price has shed most of its previous gains alongside the market-wide downturn, ADA holds strong support positions around the $0.60 mark and continues its year-to-date uptick of 44.7%.
According to popular analysts, ADA is gearing up for a major comeback that could see it set new ATHs, but only if it breaks through a resistance line at the $0.7 region. ADA has formed several breakout triangles and is currently establishing higher support lines, as seen in the chart below.
As Cardano’s price sets up a recovery, Cardano’s ecosystem is expanding with enhanced interoperability, as seen by the development of BittcoinOS's new bridgeless transfer protocol. Cardano is deploying zero-knowledge proofs to make it easier for users of its network to transfer Bitcoin into Cardano’s ecosystem without using traditional methods.
Cardano’s approach leaves the security of Bitcoin’s proof of work network intact and makes it harder for hackers to hijack the transactions. Could this trigger a bull run for Cardano’s price?
While ADA holders anticipate a bullish resurgence for Cardano’s price, a new kid on the altcoin block is making a buzz. Remittix’s RTX is the latest sensation for savvy investors looking for a presale play that has the potential to generate over 10,000%.
RTX is currently priced at $0.0757, which is a discount considering that Remittix is still in a presale. To the uninitiated, Remittix's PAY-Fi protocol is designed to cater to crypto holders and novice users alike.
Every crypto transaction is done directly from a user's wallet to the recipient's bank account, and the funds can be sent across more than 30 fiat currencies.
Compared to existing solutions such as Stripe and Coinbase, which not only require users to go through hoops before they can start using the site but also come with hefty exchange fees that often eat into the funds being sent across the network.
Remittix thrives on simplicity, which is in line with the vision of a global payment system that is seamless and easily accessible to everyone. Remittix also caters to merchants with a Pay API capable of supporting more than 40 cryptocurrencies, thus allowing merchants to receive crypto payments.
With only 50% of RTX’s 1.5 billion tokens left up for grabs, now is the best time to jump into RTX’s presale and fill your bags.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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