It hasn’t been the best of bull runs for Cardano, a top ten cryptocurrency by market cap. Despite its reputation as one of the top altcoins on the market, the token has failed to catch the attention of investors as the bull market intensifies. The lack of capital flowing into Cardano pools and the massive wave of outflows as investors seek to rotate capital in the bull market has floored the token, triggering a series of price dips.
Meanwhile, some of Cardano’s biggest competitors are on a roll in the crypto market, attracting interest and capital from investors. One example is Remittix, an upcoming PayFi project. The token has managed to catch the attention of investors within the industry due to its unique position in the global payments sector.
Cardano Investors Expect Another Wave of Price Dips As Bull Market Intensifies
Cardano investors are gearing up for another round of price dips as the token recorded yet another week of poor price performance. Despite its reputation as a top ten cryptocurrency by market cap, Cardano has been unable to attract a liquidity injection from investors. This, coupled with the emergence of exciting narratives in the crypto market like payments, has meant that Cardano has emerged as one of the worst performing tokens on the market.
Meanwhile, its competitors, such as the upcoming PayFi project, Remittix, has caught the eye of investors in the industry, and is now being dubbed the next 100x altcoin.
Remittix Will Surprise Many In The Ongoing Bull Run: Analysts
Upcoming PayFi project, Remittix, has been dubbed the next 100x altcoin by analysts as the project and its native token continue to attract interest from the crypto industry ahead of its launch. Analysts believe that Remittix is well positioned to benefit from the recent shift in interest to payments and stable coin technology.
The project certainly looks like it has what it takes to shake up the global payments sector, thanks to impressive features and product offerings like:
- Direct crypto-to-bank transfers in over 30 countries worldwide
- 40% token bonus for early adopters and supporters
- 20% referral rewards for onboarding new users
Furthermore, it is quickly gaining a reputation for providing passive earning opportunities for its token holders. A great example of this is its ongoing $250,000 mag giveaway for early adopters and supporters. The giveaway is expected to run for sometime before the project’s launch, and is eligible to anyone with ownership of its RTX native token.
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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Source: https://blockonomi.com/this-cardano-challenger-could-explode-in-august-its-already-outshining-shibs-peak-2021-hype/