The crypto market is exiting August with heightened volatility. As investors continue to position ahead of September, two established tokens, Cardano (ADA) and XRP, continue to attract interest.
Analysts warn that Cardano price could slip below $0.70 if bearish momentum continues, while XRP is set to face tough competition from a rising PayFi project, Remittix (RTX).
The PayFi solution, tagged “XRP 2.0,” has to capture Ripple’s investors through its utility-driven narrative and bold growth targets, threatening XRP’s dominance.
Cardano Price Outlook for August Ending
After months of ranging, Cardano price is showing weakness as sellers are mounting pressure on key support levels. Technical analysts point out that ADA could break critical zones at $0.70–$0.72; a breakdown that could open the path toward $0.60.
Simultaneously, whales are betting on Cardano’s fundamentals, which include its focus on scalability, staking, governance, upgrades, and smart contract adoption.
A few days ago, Whales_alert reported that 59 million ADA tokens worth over $50 million were transferred from Bitstamp to an unknown wallet.
This transfer points to likely whale or institutional accumulation, as sell pressure dropped when the funds moved off-exchange. Whales are still buying despite a bearish Cardano price outlook, cooling volume, and technicals flashing a short-term MACD bullish crossover.
XRP Faces Competition From Remittix
XRP has long been the leading payments-focused cryptocurrency, with the highest adoption worldwide. Ripple has enjoyed renewed momentum following regulatory clarity in the U.S., the announcement of a possible XRP ETF, and banking license approval.
However, XRP is now challenged by RTX, a payment token drawing attention in the crypto space. Remittix (RTX), a new PayFi project, is positioning itself as a direct competitor by targeting a global $19 trillion remittance market with faster, cheaper, and more decentralized solutions.
Remittix (RTX), The XRP 2.0 Set To Unseat XRP’s Dominance
Remittix is building a real-world utility, facilitating direct transfers crypto-to-fiat across 30+ countries, and supports 40+ cryptocurrencies. While XRP is only adopted by business owners who accept crypto, Remittix allows business owners to accept crypto, which is deposited to them as fiat.
Remittix has a business API targeting freelancers, marketplaces, and SMEs. They can integrate the API’s and receive crypto payments in fiat.
Remittix Highlights:
- A full CertiK audit has been completed; liquidity and team tokens have been locked for three years.
- RTX is built for real-world utility, and a 100x is imminent as adoption increases.
- Users can earn up to 20% referral rewards by sharing the project.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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