Cardano’s recent rebound has done little to calm fears of another downturn. Despite holding above the $0.80 zone, analysts warn that the Cardano price is still vulnerable.
As ADA struggles, investors are turning their attention to Remittix (RTX), a PayFi altcoin with real-world payment utility and presale momentum that has investors hoping for 20x gains this month.
What’s Driving Cardano Price Lower?
Cardano is struggling to hold above $0.84 after rebounding from the $0.78 zone. However, analysts warn that it may face further decline.
On-chain data shows retail sentiment has collapsed to its most bearish point in five months. This has historically triggered short-term relief rallies, but sustained weakness often follows.
Technical charts point to $0.82 as a fragile support level. If ADA loses this zone, the price could slide toward $0.77 or even lower. While whales continue to accumulate, retail selling pressure remains dominant.
With ADA still down 72% from its all-time high, confidence is shaky. Thus, traders increasingly expect further declines before any major recovery attempt.
Investors Move Towards Remittix
As ADA consolidates, many investors are shifting towards Remittix (RTX). This PayFi altcoin is drawing investor attention not just for its promise, but for payment functionality that’s already materializing.
Remittix enables seamless crypto-to-fiat transfers across 30+ countries, supporting 40+ cryptocurrencies. Users benefit from flat, transparent fees, real-time FX rates, and transfers that land as standard bank deposits.
Additionally, its Remittix Pay API gives freelancers and merchants the option to accept crypto while receiving fiat. It blurs the lines between blockchain and everyday commerce.
Why Investors See a 20x Potential in Remittix
While coins like Cardano continue to bleed, RTX has already raised $24.47 million and sold over 651 million tokens. This pace suggests a sell-out is on the horizon.
Its flat-fee structure, 3-year liquidity lock, and team token vesting create a mix of safety and massive upside. It has also built trust with a completed Certik audit and a wallet that’s already in the beta testing phase.
Traders argue that Remittix is positioned for 20x gains in the coming months. From its current price of $0.10, a 20x rally will push its value to $2. The reasoning is simple: strong demand, clear utility, and a capped presale supply.
For investors frustrated with stagnating assets like Cardano, Remittix is increasingly being seen as the more dynamic play for September and beyond.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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