It's a struggle for the top ranks in the token charts, as Cardano holders start to weigh their options. The latest developments show that the blockchain hasn't lost its identity, but the ADA price isn't living up to its expectations.
Cardano's progression might also be tied to its rivalry with Bitcoin. The project is unlocking more Bitcoin functionalities, and ADA will benefit from BTC traffic in the long run.
But there's a third token in the mix too, and Cardano whales may be considering that for gains later this year.
The ADA price has bled profits in the three weeks following the big crypto crash. And while many tokens are on a clear path to recovery, Cardano seems to be getting worse.
From a $0.69 valuation earlier this week, the ADA token is trading at $0.62, with the losses like because to the ‘Death Cross’ formed on Tuesday.
Cardano founder Charles Hoskinson revealed earlier in October that the blockchain was rolling out a feature that will allow users to trade Bitcoin and access other BTC DeFi functionalities through the Cardano network.
He anticipates a huge volume from the Bitcoin network, as more users aim to use Cardano to do Bitcoin things.’ Finally, after setting Cardano up against Bitcoin for so long, ADA may be able to match the crypto giant's volume.
The integration of Bitcoin DeFi on Cardano, as well as the AI payments feature, has a long-term ROI. If the ADA price doesn't return well enough in the short term, the Cardano whales are ready to pivot to the new, vibrant Remittix project.
Already, many Cardano traders are stocking up on RTX tokens from the website.
The RTX project has received strong commendations from crypto stakeholders, including a huge, bold prediction from the analysts. Remittix coins are tipped to return up to 100x by the time they launch.
But apart from that, Remittix is also concerned with crypto-fiat bridging, a move to allow users to withdraw their crypto assets directly into fiat accounts. And with such a utility, users will troop to the Remittix platform as soon as it launches.
What's more, Certik, the blockchain security firm, has approved the Remittix team and its smart contracts, while ranking it as the top ICO in the crypto market currently.
Investors are anticipating the traffic, and the whales on other projects are already piling up RTX tokens. You should join the growing RTX community too; buy your RTX at $0.1166, hold till after launch, and watch your investments spike.
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
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.