Cardano Whales Are Loading Up, But It's Not ADA They Are Buying It's This Crypto Instead
Cardano’s price is attracting whales who have since loaded up on nearly half a billion ADA. Despite market-wide volatility, ADA has sustained critical support above the $0.70 mark even as Cardano’s price faces resistance at $0.90.
ADA’s Bollinger bands are approaching extreme levels, but some analysts are warning of a short-term retracement. Meanwhile, market watchers have their eye on Remittix’s (RTX), which is a PayFi token on the verge of dominating a $150 trillion market. Could this XRP rival rally 3,000% in 2025?
In the last month, ADA has surged 10% amid a wave of rising interest from whales, amounting to over $958 million in inflows. Cardano’s price is well on its way towards $0.95 as market watchers set bullish targets in the $1.02 to $1.13 region.
Open interest metrics show that whales are accumulating futures and options contracts that track Cardano’s price, a move that demonstrates their confidence in Cardano’s performance.
In response, Cardano’s price has managed to break out of a falling wedge, with its price now trading within a tight range of around $0.77. Earlier, ADA suffered a pullback from a peak of $1.21 only to rebound and establish support at $0.58.
Cardano’s price has retained its year-to-date gains of 63%, showing ADA’s increasing bullish sentiment as whales accumulate at discounted rates.
Several advancements towards the development of Cardano’s ecosystem and blockchain have also boosted the bullish sentiment building around Cardano’s price. Examples include the recent integration of Cardano’s blockchain into Filecoin.
This development is geared towards the enhancement of ADA’s network resilience and decentralization. Cardano is also collaborating with Litecoin in a move to strengthen ADA’s DeFi capabilities and improve interoperability.
If Cardano’s price continues printing higher lows and favorable fundamentals, analysts are confident that a breakout above $1 could materialize.
While Cardano’s price struggles to breach the $0.85 resistance, analysts and savvy investors are accumulating Remittix’s RTX token. So far, Remittix’s presale has raised over $15.3 million and its foray into cross-border payments has seen analysts forecast a potential 3,000% uptick on launch.
Remittix is a PayFi protocol built with the mission of reinventing cross-border payment. While giant cross-border platforms such as XRP and XLM focus on institutional buyers and large companies, Remittix focuses on the remittance market, which is projected to hit a valuation of over $250 trillion by 2027.
Remittix is inclusive and easily accessible regardless of a user’s economic status or location. Its platform enables crypto holders to send funds from their wallet directly to a recipient’s bank account at near-instant speeds. Every transaction comes with a flat fee with zero hidden costs. There is also an API for merchants looking to facilitate crypto-to-fiat payments with their customers.
With RTX’s total supply of 1.5 billion tokens, only half are available during the presale. Now is the time to jump in with RTX’s price at $0.0781.
Socials: https://linktr.ee/remittix
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