The Cardano price has dipped to $0.8301, slipping below a crucial support level and entering a bearish formation. While ADA traders brace for potential drops to $0.75 or even $0.67, a rising altcoin project, Remittix, is attracting attention with forecasts of 100x returns in 2025. As traditional projects slow down, early investors are now reallocating capital toward this PayFi disruptor.
Cardano’s Technical Outlook Signals Bearish Momentum
Recent chart patterns and metrics suggest that Cardano is facing persistent downside pressure. It has entered a descending parallel channel, historically seen as a bearish continuation pattern. Compounding this is a bearish MACD crossover, where the short-term EMA has dropped below the long-term EMA, confirming the weakening trend.
Adding to the concern is the notable drop in daily active addresses. This decline highlights shrinking demand for Cardano’s on-chain utility, a troubling signal in a market that rewards user engagement and speed.
While other chains are rolling out aggressive DeFi tools, partnerships and L2 scalability updates, Cardano has experienced a noticeable absence of ecosystem catalysts. The platform’s academic and research-focused approach, once hailed as its strength, now appears too slow-paced for the current market cycle.
In a hype-driven environment, momentum matters. Traders are now showing signs of fatigue, as ADA’s lack of major upgrades and media attention leaves fewer reasons to hold. This has triggered cascading support breaks, with prices already dipping below $0.8221 and eyeing $0.75–$0.70 as the next key zones.
Remittix Presale Gains Momentum As ADA Loses Steam
While Cardano navigates turbulence, Remittix is gaining steam. This crypto-to-fiat payment protocol is preparing to solve problems like international banking inefficiencies. Remittix will allow users to send funds globally using crypto, but the recipient receives fiat directly into their bank account faster, cheaper and with no FX surprises.
Early traction is impressive:
$23,6M+ already raised
643M+ tokens sold
Current price is $0.1030
Smart contract audit passed
Liquidity and team tokens locked for 3 years
Remittix will empower users, freelancers and businesses to convert 40+ cryptos into fiat and send them to 30+ countries. An API called Remittix Pay will even let merchants accept crypto while settling in fiat, a real-world use case unmatched by Cardano or similar projects.
ADA Slows Down, Remittix Speeds Up
As the Cardano price is trading near breakdown zones, investor sentiment is also shifting. ADA still has a long-term role to play, but its recent flatness is witnessing smart money seeking more ambitious, faster-growth projects.
Remittix is rapidly emerging as a strong alternative with powerful upside potential. As its PayFi model gains traction and investor demand grows, its 100x thesis looks increasingly plausible.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
Disclaimer: Cryptocurrency investments are risky and highly volatile. This is not financial advice; always do your research. Our editors are not involved, and we do not take responsibility for any losses.
