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Cardano is on its way to a bullish resurgence, and the past week has been proof of that. A massive surge in the ADA price, up to 30%, has lifted Cardano into the top 10 crypto tokens rank, and the Cardano price prediction has taken a turn for the better.
Sentiments among traders also indicate that ADA could reach $100 billion in market cap even before the pioneer meme coin, DOGE. With a new DeFi project in the offing, things are already looking up for the decentralised finance sector.
Catch up with the Cardano price prediction here and how the new DeFi coin is faring.
New Bounce on ADA: What Does the Cardano Price PredictionSay?
It's been a week of massive development on Cardano, and it's testament to the resilience of the DeFi coin. Cardano, like other DeFi projects, was trapped in a bearish trend for weeks. However, a recent surge over the past week has shifted its fortunes, with ADA currently priced at around $0.7692.
The change couldn't be better timed, too. Cardano has jumped in value while most of the crypto market is still struggling with rough times on their token charts. And with more analysts like Ali Martinez giving positive forecasts on ADA, the Cardano price predictioncould pack a punch.
Martinez’s prediction doesn't come without a catch, however. He has hinged Cardano’s spike to $2 and its subsequent rise to $100 billion in market cap on the resistance level at $1.14.
If Cardano can overcome the resistance in its current bullish wave, the token could be well on its way to $2.
Dogecoin’s Response to Cardano Price Spike
While the Cardano token started last week with quite a surge, Dogecoin, like the rest of the market, struggled with bearish indicators. In fact, up till Wednesday, analysts kept indicating that Dogecoin was headed for further spirals.
The main test that the Dogecoin price failed was resistance at important Fibonacci levels. With its Relative Strength Index below 40, Dogecoin failed to break past the 0.702 and 0.786 Fibonacci levels.
Now, the dip in RSI has seen Dogecoin enter oversold territory and a bullish return is already cooking from Dogecoin's current $0.1902 valuation. Whales are back in activity too, as over 2 billion DOGE tokens have been exchanged in the past three days. But as far as a race to a $2 valuation is concerned, Cardano is strongly in the lead over Dogecoin.
Here's another DeFi coin that is doing the numbers over Dogecoin, too.
Enter Remittix, the Revolutionary Payment Platform
Uniting DeFi and traditional financial systems is one of the dreams of cryptocurrency and so far, we have not had a project that has enabled users to do that with ease. Ripple and Stellar offer such services, but they are most applicable in large-scale settings, often with banks.
With Remittix (RTX), the average crypto user can transfer assets from a hot or cold wallet directly into fiat accounts without incurring more than the network fee for transactions. The Remittix project allows for direct deposits into fiat accounts worldwide, ensuring that location is never a barrier to payment.
Already, the Remittix platform supports 40+ fiat currencies and 30+ cryptos, as the ecosystem supports the most popular options already. Expansion is on the roadmap for Remittix, so users can always expect more currencies to be supported in the future.
In a world where the fiat transfer industry processes over $5 trillion in daily volumes on SWIFT, Remittix is looking to be an excellent long-term investment option for crypto folk. The traffic expected post-launch is near unimaginable, as the RTX ecosystem is the only project offering such services to traders directly.
Thinking about investing yet? The Remittix presale is where to go!
Lock In Gains on Remittix Presale
Remittix coins have a lot of potential for ROI in the long run, but even the short term could deliver profits for early presale buyers. The tokens are selling at $0.0734 and the presale is only a third complete.
As is with every other presale, getting in early is key. Buy your RTX tokens today and anticipate launch soon.
Join the future of PayFi with Remittix:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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