Cardano’s recent news reflects how the ADA price currently struggles against investors diverting their assets to a new PayFi coin for a likely 20x
Crypto
ADA Price Nears Resistance Of $0.985; Why Cardano Holders Are Going All In On Top Trending PayFi Altcoin Remittix
Cardanos recent news reflects how the ADA price currently struggles against investors diverting their assets to a new PayFi coin for a likely 20x surge soon. Analysts have identified a common interest among these investors: the preference for a low-cap, high-utility altcoin. This fits the Remittix profile.
Nevertheless, this new trend has led to the rise of a token that experts believe could be the next 100x crypto with the accumulation rate picking up the pace.
This trending PayFi token is attracting more Cardano investors amid ADA price struggles. Heres why!
Cardano Price Outlook for October
Source: X (Twitter)
The ADA price faces yet another bearish barrier in September, as its early breakout now faces a setback. The appearance of a gravestone doji on the chart suggests a potential whale sell-off in progress. Due to this price setup, the bearish trend in the ADA price prediction is noticeable as the price falls from the early high of $0.90 to $0.88 on the daily chart.
Ada price analysis for the new month reveals selling forming with short differences between the lower and upper band price region. Therefore, while the chart shows an ongoing sell-off, a deeper ADA price analysis indicates that investors might sell more.
Why ADA Price Falls Short of Remittixs Skyrocketing Breakout
While Remittix continues its developments and edges closer to a skyrocketing breakout, ADA price analysis shows why its investors are betting big on this new altcoin. Nevertheless, a major factor experts have spotlighted as potentially fueling this interest is the low cap appeal of the Remittix project.
Remittix‘s potential to record exponential growth is evidently on display as every inflow counts in pushing the coin higher. More so, with a token price of $0.1080, accumulating RTX early is a no-brainer before the coin’s price skyrockets above $4 in the post-launch phase.
Other factors driving the Remittix growth are:
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