Cardano’s ADA Primed for Takeoff Post-Glacier Airdrop—But This New Contender Might Steal the Spotlight

Cardano’s ADA is buzzing with bullish momentum after the Glacier airdrop—fueling speculation of a price surge. Yet a dark horse in the crypto race is gaining traction fast, threatening to overshadow even the most established players.

Will ADA’s ecosystem upgrades and staking rewards be enough to fend off this scrappy upstart? Or will the ’flavor-of-the-month’ token—backed by VC hype and influencer shills—drain its liquidity? Only the market knows (and it has a cruel sense of humor).

Cardano’s uptick past $1 is confirmed with ADA’s open interest surging

Cardano is on the verge of a bullish resurgence, with reports showing an uptick in Google searches for ADA. Whale accumulation is also rising steadily, with Cardano’s centralized exchange outflows surpassing $ 932 million.

This is a historic MOVE that mirrors ADA’s 2021 price movement right before its rally to $3.10.

Image Source: CoinMarketCap

Bullish traders and analysts are targeting $1 as the next breakout zone should Cardano’s upward momentum persist. After a devastating downturn of over 60% from its peak price late last year, ADA managed to set up a healthy rebound of 13% in May, adding to a year-to-date uptick of 65%.

Image Source: CoinGecko

Cardano’s price is not yet out of the woods, given the $0.9 resistance zone that has seen ADA retest its $0.71 support.

However, Cardano’s renewed bullish strength is stirring hope among ADA holders who anticipate an explosive breakout for ADA past the $1 psychological barrier. Also, Cardano’s RSI below 70 shows there is clear room for a bullish breakout before ADA reaches overbought regions.

Analysts are optimistic that if ADA confirms a breakout past $0.90, the next target WOULD be a price in the $1.02 to $1.15 range.

Remittix’s (RTX) outpaces most altcoins with its real-world utility

Cardano’s uptick could see it surge past its previous ATH, but this emerging altcoin in the cross-border payment space is giving the likes of XRP a run for their money. Remittix’s RTX is the new kid on the PayFi block with a presale that has gained traction, raising over $15.2 million from investors.

The global remittance market is growing fast, and legacy networks such as cardano are working around the clock to ensure near-instant transactions on their networks. The good news is that Remittix is ahead of the competition thanks to its intuitive and affordable PayFi protocol. Remittix simplifies crypto-to-fiat transactions so that a crypto holder can send funds to a recipient’s bank account at negligible fees.

Remittix’s PayFi platform is ripe for mass adoption as most of the complexities of the crypto wallet are obscured from the entire process.

With a presale that has sold over 530 million RTX tokens, now is the best time to jump in while RTX is changing hands at $0.0781.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix