1 week Ago
After a notable White House snub last March for the much-anticipated digital asset’s summit, Cardano’s Charles Hoskinson has moved on and so has his crypto project. The Cardano co-founder is working on the sidelines, promoting crypto and blockchain technology and working to promote a sustainable crypto policy. Hoskinsons has been vocal about his contribution to the industry and his role on Cardano and has clarified recently that the scaling of its original roadmap has been completed and that “he’s working for free since he loves Cardano”.
These latest developments, plus Hoskinson’s outspoken comments, have consistently influenced the Cardano price and its standing among major altcoins. But in this highly volatile market, with its increasing trading volumes and uneasiness over the SEC’s decision on spot ETFs, many are debating whether ADA is set to surge to $3 or much closer to $0.30.
ADA breaks descending wedge; analysts see a bullish reversal Zooming out the charts, Cardano is showing signs of recovery after it briefly dropped to $0.51 last April 7th. The popular digital asset formed a double bottom at $0.
50, its historical support area. After the April 7th price action, ADA never looked back, creating ripples of optimism among market analysts and commentators. In a Twitter/X post dated April 24th, Justin Wu (@hackapreneur) announced an $ADA breakout alert.
He shared that the asset has shown a classic bullish signal after it officially broke out of its descending wedge pattern. Wu points out that $1,2797 is the first Cardano price target, and $1.4853 is the second price target.
Although it’s still miles away from a target of $3, ADA is now showing strength and with a cautious yet upward momentum. Javon Marks (@JavonTM1) confirms the breakout , even comparing today’s price movement to the asset’s previous breakout, which resulted in 300% gains among holders. Still, it’s a long way to go; ADA must first push beyond $0.
77, then target the $1.10 to $1.30 range for it to create another key support level.
Remittix: The PayFi token that’s primed for takeoff While ADA is threading an uncertain price territory, one crypto project in pre-sale is quietly gaining strength: Remittix is a payment network that’s slowly disrupting the PayFi industry by offering a secure way to send and receive payments. While Wise and Stripe prioritise fiat-to-fiat payments and Coinbase promises crypto-to-crypto transfers, Remittix redefines payments by allowing crypto-fiat transfers. Its token, the RTX, serves as its foundation and a bridge between top cryptos and over 30 fiat currencies.
Remittix works like your popular banking app but with a few extras you send crypto, while the recipient gets fiat and they won’t notice it. Remittix’s payment solution isn’t just for individual consumers. It’s a serious business tool too with a mean functionality.
Thanks to its Pay API, online stores can accept crypto payments and complete the settlement in fiat, no sweat. Currently, RTX is on pre-sale, with 1 $RTX priced at $0.0757, with over $14.
6 million raised so far. Over 55% of its total token supply has been sold out, and sales are heating up before the next price increase. With its price increase per stage and the prospects of a price increase upon official listing, Remittix offers early adopters potentially better ROI over other cryptos with uncertain roadmaps.
Remittix is racing towards its listing schedule with clarity and it’s never too late to jump in. Website : https://remittix.io/ Socials: https://linktr.
ee/remittix Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
.
