Recent Cardano news reports suggest that the ADA coin may already be losing its appeal, as it has failed to regain the $1 zone since August. The latest Cardano news now suggests that the ADA price may be facing a bearish risk, with speculation indicating a potential drop below $0.50. Although the ADA price faces a risk of further decline in Q4, experts predict that Remittix, on the other hand, could experience a 40x spike over the next three months.
Following the Cardano news on ADA price this Q4, here are the factors experts say could be fueling the threat. Additionally, let’s discuss why Remittix 40x may be realistic.
What Experts Are Saying In Latest Cardano News This Q4
Now might not be the best time to invest in the Cardano coin, as experts suggest the coin could see a significant price drop this Q4. This comes as Cardano news reports a weakening buying over the last few weeks, as the ADA coin struggled to break above $1.
The price dynamics of the ADA coin over the last few weeks, since the August pump, have been clouded with slow engagement. However, according to Cardano news, reports from experts indicate that the price could decline in Q4.
While the weekly chart shows the coin in a sideways move for the last five weeks, a top-down analysis suggests the coin could break downward this quarter. According to the experts’ comments, Cardano has seen a surge in competitors challenging its position, which is likely contributing to the drop in trading activities.
However, the new Cardano news now also suggests that the ADA price’s failure to return above $1 by the end of October could signify a bearish takeover.
Remittix Targets 40x With Fast-Approaching Exchange Listing
The Remittix token is nearing an official launch across cryptocurrency exchanges, and support is growing even larger. This is accompanied by an inflow surge that has already seen the coin raise over $26.9 million, as whales continue to place high bets. However, beyond all else, the utility of the Remittix token is what has fueled the growing hype every day.
Investors betting on the Remittix token have continued citing factors such as:
- Remittix’s potential to claim a big part of the payment market
- The speed of adoption that could follow the coin’s launch across exchanges
- Business adoption that could spread the Remittix use case far and beyond
While the coin’s utility has kept the fire burning, the Remittix team continues to design various rewards to also keep the community earning more in the pre-launch phase. The latest part of these reward programs is the Remittix referral, which could see Remittix users earn thousands in weekly rewards.
With the coin’s growth rate, Remittix investors could see returns of up to 40x their investment before the end of the year.
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Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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The post Cardano News Today: ADA Price Expected To Drop Below $0.50 In Q4 As Remittix Set For 40x Returns appeared first on Blockonomi.