While the top altcoins are looking to sustain their spikes in the past few weeks, Cardano has only gone on to hit back-to-back losses in the past week. Sure enough, ADA traded at a seven-day peak of $0.93, but it's been slumping lately.
And that slump has seen the Cardano price prediction take a bit of sorts. Now, we have some development that could take ADA to new heights.
The point is, will new functionalities on Bitcoin be enough to drive the Cardano price prediction upwards?
The Bitcoin network has been, so far, relatively underexplored, as the blockchain doesn't receive as much traffic or development as other top-ranking chains. And the reason is not far-fetched.
Most of the top blockchains have migrated to proof-of-stake protocols, which give them some degree of flexibility to accommodate trending upgrades to blockchains. Bitcoin has remained stuck on its more traditional proof-of-work protocol, restricting its functionalities.
Still, some projects manage to bridge their tools to the Bitcoin network, and Cardano is the latest to announce such a connection. Input Output Global, the company behind the Cardano project, announced a new bridge that allows Cardano-based projects to deploy their smart contracts on Bitcoin's chain.
The bridge serves dual purposes, allowing projects to benefit from Cardano’s throughput and scalability while leveraging Bitcoin's stability and security. Eventually, it's a win-win for everyone, and Cardano is, once again, at the forefront of innovation this time.
However much that influences the ADA token price, we will find out in a few days. For now, the Cardano price prediction is pretty much undecided, especially after ADA fell by 7.7% in the past week.
On innovation, Cardano is pulling a fine trend, but as for trading, a new DeFi project, Remittix, could be taking its place.
We have another crypto bridge loading in the next few weeks, but this time, it's not for DApps and tools–it’s in the payment sector. Ripple and Stellar may be the projects to reckon with, but a new PayFi platform is here with fresh use cases.
Remittix is finally opening the lid on direct crypto-fiat transfers. Its payment bridge now allows users all over the crypto-verse to transfer their crypto assets directly into fiat accounts of their choosing, without any hassles.
Simply put, you can send your ETH, BTC, and even ADA into any fiat account in the world, as long as they are supported on Remittix. It's a simple solution to an age-long problem that has been plaguing crypto traders, and that's the major reason Remittix is trending now.
Low gas fees, no bank charges, and lightning-fast transactions with security from Ethereum's chain–what more could users ask for?
It's time to accumulate your RTX tokens, especially while they are still in the ICO phase. Each token goes for $0.0842, and there's no better time to buy on Remittix.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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