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
After hitting a low of $0.51 last April 7th, ADA has slowly recovered
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.
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.
