Cardano Price May Lag As This Presale Crypto Climbs Past $20M Raised In Record Time
Cardano (ADA) has been bullish and it is trading at approximately 0.88 dollars with an increasing open interest and a bullish technical picture. However, some analysts believe ADA could lag behind emerging altcoins, particularly Remittix (RTX).
Cardano Futures and Open Interest Show Optimism
The Cardano derivatives market reflects growing investor interest, with futures Open Interest (OI) climbing to $1.43 billion from $1.2 billion earlier this month. This surge shows renewed attention in ADA, as traders seek exposure ahead of potential price movements toward the $1.00 level.
The liquidation data also indicates a high market activity as the short positions were liquidated during the last 24 hours in the amount of 2.4 million dollars, which may reflect on the further development of the bullish mood. However, ADA remains below a multi-month descending trendline, and until it breaks past this resistance, its upside potential could be capped temporarily.
For Cardano to continue its rally, a break above the trendline that has restrained price since December is crucial. If successful, ADA could see a recovery phase pushing toward $1.00. Meanwhile, traders are observing important support levels at $0.74 (50-day EMA) and $0.72 (100-day EMA), which might act as safe havens in case of a short-term pullback.
Remittix Surging Amid Growing Market Attention
Remittix (RTX) is currently priced at $0.0944 and has quickly raised over $19.3 million, selling 597 million tokens. Also, the token will reveal the name of its first CEX listing when the presale hits $20M. The project is gaining traction thanks to its 40% bonus for early participants and a Q3 wallet beta launch, offering a seamless payment experience for users globally.
Key Highlights of Remittix
- Real-world utility: Seamless crypto-to-fiat transfers in 30+ countriesRapid capital growth: Over $19.3M raisedToken bonus: 40% extra tokens for early participantsWallet beta: Launching Q3 2025 for global paymentsBroad appeal: Designed for both crypto natives and new users
As Cardano consolidates below its trendline, Remittix continues its upward trajectory, potentially outpacing ADA in terms of real adoption and investor interest. This makes it a must-watch for those seeking next-level altcoin growth in 2025.
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
| Disclaimer: The text above is an advertorial article that is not part of kanalcoin.com editorial content. |