There is a new altcoin, Remittix, that is generating hype throughout the crypto sphere, with some analysts predicting a rally for the books like Shiba Inu’s historic 2021 run. Cardano and Tron may have coveted spots in the top 10 market cap positions, but most think that Remittix’s hypergrowth will help it jump ahead of them.Â
We discuss Cardano and Tron’s recent developments below, then tell you why Remittix may be the top 10 contender to watch soon.
Cardano: On-Chain Data Hints at Recovery
Cardano (ADA) gained 4% on Tuesday after falling almost 7% a day earlier, changing hands at about $0.70. The modest recovery followed an even more precipitous 36.36% drop over the past week that saw ADA testing a critical support area at around $0.64.
If the token holds the support, bulls think the price must bounce back to $0.98 despite the bearish continuation signal from an RSI reading of 44.
Cardano Price Analysis
On-chain metrics reflect positives. Coinglass records ADA’s long-to-short ratio at 1.06, a one-month high, indicating that traders are buying more and more on the basis of price increases. Funding rates are also positive, adding to the upbeat bias.
Cardano, however, needs to break above key resistance levels to override its overall downtrend. Without that, another leg down may test the mettle of resurrecting bulls.
Tron: Searching for Firm Support
With Cardano in recovery mode, Tron has endured increased selling pressure. Price has darted through several trendlines some promising false hope of turning bullish before further breakdowns strangle momentum. As the market is prone to trade in range, Tron teeters on $0.2220 support that it has failed to hold from successive downward bursts.
Tron Price Forecast
Technical indicators are in conflict, with a death cross on the MACD and occasional oversold RSI readings. These conditions highlight the ongoing struggle between bulls and bears. A clean break below $0.2220 can see Tron crashing lower, while holding this level can see another attempt to move higher.
Either way, Tron’s short-term picture remains murky, causing investors to remain skeptical of it resuming a strong uptrend.
Remittix: The Next SHIB-Like Surge?
As Cardano and Tron take roller-coaster rides, Remittix is carving its own path by targeting a $190 trillion remittance market. In its presale, Remittix sold more than 518 million tokens and collected more than $13.8 million, giving early investors a four-digit percentage return even when the overall crypto market is under stress.
Trading at $0.0734, the token still garners interest as analysts foresee another 200% rally this month alone.
Remittix’s trump card is a cross-border payments platform that enables users to swap over 40 cryptos for fiat and send them to banks worldwide at virtually no cost. Unlike traditional financial intermediaries that take days and charge hidden fees, Remittix leverages local payment rails and blockchain technology for near-instant settlements.
For instance, imagine a software developer in the Philippines who gets paid in stablecoins by a client in the U.S. Rather than waiting for days on wire transfers with exchange fees, the developer has Remittix automatically converted to pesos and funds deposited in their local account, usually within hours.
The Remittix pay API exposes this functionality to businesses, enabling them to settle multiple tokens directly in fiat and log each transaction on a public ledger to prevent manipulation and fraud.
Combined with locked liquidity and a renounced-contract approach post-presale, Remittix stands a cut above a market saturated with speculative memes. Naysayers compare its rise to Shiba Inu’s 2021 pump except this time there’s a real-world use case driving adoption.
Could Remittix Dethrone Cardano and Tron?
Cardano exhibits some signs of revival, with on-chain metrics pointing towards bullishness. Tron is unable to find a solid bottom as sellers continue to pound the price. Both are still ranked high on market cap lists but have run out of steam.
Remittix continues to forge ahead on the strength of real-world use case providing almost instant and affordable remittances that appeal to freelancers, migrants and merchants alike.
If Remittix is able to continue its presale rocket flight and carry that momentum all the way to widespread adoption, it can equal or even better Shiba Inu’s record streak. A top 10 finish is far from certain, but the DeFi upstart has distinguished itself by addressing an actual financial sore spot rather than relying on hype.
If Remittix lives up to its promise, Cardano and Tron might have to prepare for an ambitious contender that wants to help facilitate cross-border payments quicker and more affordably for millions of people globally.
Interested in how Remittix plans to disrupt the remittance scene?
Check out Remittix to see why PayFi could spark crypto’s next big rally!
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
