By The past few days in the cryptocurrency market have been bullish, with Bitcoin pulling altcoins and its momentum.
Cardano (ADA) has been one of the tokens enjoying the rally, trading over $0.8 as of the time of this writing.
ADA is currently in a wedge at $0.81, and a breakout may trigger a 155% surge to $2.30.
Cardano founder, Charles Hoskinson predicts that ADA will soon flip Ethereum in market cap and total locked value.
While the crypto trends and forums are abuzz about major cryptocurrencies, utility-focused investors are diversifying into early-stage projects with good tokenomics and potential.
Whales are investing in Remittix, a Payfi project believed to deliver over 400% to early investors.
Cardano price prediction: falling wedge eyes major breakout
Cardano’s price is locked in a falling wedge pattern, pressing toward a major resistance at $0.89.
A bullish momentum is brewing with the recent golden cross (50‑day EMA above 200‑day EMA) and rising RSI. Cardano’s price is ready to continue its uptrend.
Whales are accumulating ADA, positioning themselves before the breakout.
As reported by an analyst, Ali Martinez, in the past 7 days, over 1.4 billion ADA have been bought, with more than 137 transactions worth over $1 million each, recorded.
Source: Ali Martinez via X.
The last Grayscale snapshot released on the 18th of July featured Cardano price, which ranked third among the top 10 assets in weekly returns.
ADA made over a 21.9% gain within a week, outperforming major cryptocurrencies like ETH, DOGE, and BTC.
Source: Grayscale via X.
With confirmation from both technical and fundamental standpoints, the Cardano price prediction of $2.30 will happen soon.
While ADA investors are waiting for a decisive breakout past $0.90, investors are quietly diversifying into a crypto-to-fiat payment facilitating project called Remittix.
Remittix, set to revolutionise crypto payments
Remittix (RTX) is a PayFi project that facilitates crypto-to-fiat Payments across different countries.
It’s an Ethereum-based platform that bridges the gap between traditional payment systems and cryptocurrency.
Users can send crypto, which will be delivered in fiat directly to any bank account.
Transactions are fast, secure, and free of charge, with no FX headache or KYC issues.
Remmittix Highlights:
- Supports over 40 cryptocurrencies and 30 + fiat currencies across different countries
- Aims to solve over 19 trillion payment problems worldwide
- RTX is positioned as “XRP 2.0” and is ready to compete with XRP and Stripe
- Applicable beyond the crypto world, it can be used by freelancers, contractors and others
- Smart contracts are CertiK-audited, and liquidity and team tokens are locked for three years
- RTX is built for real-life utility adoption and use
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
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