Cardano whales went on a massive buying spree this week, accumulating $100 million worth of ADA tokens amid the broader market recovery. Despite Cardano’s long-term growth potential, savvy traders are moving towards explosive altcoins like Remittix. Remittix’s PayFi protocol has already seen record-breaking volumes during the early stages of its presale, and analysts are optimistic about massive pre-launch returns for early adopters.
Cardano Price Prediction: Can Whale Accumulation Trigger Upward Movement?
Cardano recorded a 5.62% price decrease over the last seven days, but whales remain confident in the token’s growth in Q1. This optimism can be seen in the massive whale accumulation of $100 million worth of Cardano tokens this week. Since such large transactions indicate high investor confidence and the buying spree could put more upward pressure on Cardano’s price moving into February.
Despite the optimism, some analysts believe Cardano could decline to the $0.83 price level before embarking on an upward trend. This price action would be similar to Cardano’s massive rally during 2021’s bull run.
At press time, Cardano was trading at $0.9967 after an intraday decrease of 0.45%. Despite the minor pullback, Cardano shows upward momentum on the ADA/USDT daily chart by trading above the key 100-EMA and 200-EMA trend lines. Cardano’s bullish Momentum Indicator also reflects high investor confidence which could push the token’s price toward $1.19.
Remittix (RTX) Flashes Buy Signal as Trading Volume Reaches Record High
Remittix is a revolutionary PayFi protocol that introduces a real-world remittance solution. Instead of focusing solely on the blockchain front, Remittix is leveraging disruptive Web3 technology to offer real-world utility. Using the Remittix platform individuals can send payments to any bank account around the world using over 40 different cryptocurrencies. Transactions are complete with flat fees and same day processing for a flawless experience.
Investors are rushing to Remittix’s ongoing presale to become part of this PayFi revolution before the token is launched on the open market. The native RTX token is currently selling for a low price of just $0.0297, giving investors an attractive entry point.
Remittix’s volumes have already reached a record high as the platform has accumulated over $5.6 million in capital inflows within a few weeks of its presale launch. Early investors are betting that these blockchain-powered payments are the future of finance, putting Remittix at the forefront of this technological innovation.
By simplifying cross-border payments, Remittix is projected to deliver massive returns for early adopters before the end of its presale. If Remittix follows Cardano’s 2021 growth trajectory, the new PayFi protocol could record a 12,500% price surge by the end of this year. These bullish predictions are fueled by Remittix’s 81.33% price appreciation in record time, making analysts optimistic about a higher adoption rate before the end of this quarter.
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