Cardano’s (ADA) top 10 crypto status is in serious danger and a new challenger is emerging Remittix (RTX), dubbed XRP 2.0. As ADA struggles with a 32.7% price drop this month and an underwhelming hard fork, Remittix is gaining momentum as it sets out to dominate the PayFi space with efficient global payment solutions. So why is Remittix seeing so much attention and will Cardano regain its balance?
Cardano (ADA) Posts 32.7% Monthly Loss
Cardano is facing a major existential threat as it looks like it may soon be kicked out of the top 10 rankings. Right now, Cardano is trading at $0.66, up 3.6% in the last 24 hours, but it has seen some horrendous losses this month. Over the past 30 days, it’s tanked 32.7%, with a steep 15.5% drop in the last week.
One of the biggest letdowns catalyzing this loss was the much-hyped Plomin Hard Fork. It was supposed to be a game-changer, pushing Cardano toward full on-chain governance, but instead, it flopped hard in terms of market impact. Despite the upgrade going live, ADA barely moved, making investors question whether Cardano is still relevant in the fast-moving crypto world.
But it’s not all doom and gloom. One silver lining is Cardano’s new cashback partnership with Walmart. Yoroi web3 wallet users can now earn ADA rewards on everyday Walmart purchases, giving ADA some much-needed real-world utility.
Remittix Levels Up Global Payments
Despite digital assets becoming part of the fabric of the modern digital era, spending cryptocurrency remains a real challenge for both individuals and businesses.
Converting digital currencies into FIAT is sluggish, expensive and filled with unnecessary obstacles, making it difficult for users to maintain agency over their funds.
Remittix (RTX) is tackling these inefficiencies for good. At its core, it offers users the ability to convert more than 40 cryptocurrencies to FIAT while making global transfers.
For James, a freelancer in Kenya, this means he can convert his Bitcoin earnings into Kenyan Shillings instantly, instead of dealing with days-long exchange withdrawals.
Meanwhile, Sophia, an expat in Canada, can send USDT to her family in Vietnam, knowing they will receive Vietnamese Dong in their bank account the same day without paying excessive remittance fees.
Businesses are also turning to Remittix so that they can tap into the growing customer base looking to make crypto payments.
Businesses have long recognized the benefits of accepting crypto, including lower transaction costs and borderless payments, but many have been put off by concerns around price volatility and long-winded conversion processes.
The Remittix Pay API eliminates these concerns by allowing businesses to accept crypto payments while instantly converting them into FIAT.
Using this powerful piece of tech, companies can now expand their payment options without the financial risk that has traditionally come with crypto transactions.
The Remittix presale has now raised over $13.3 million with RTX tokens currently priced at an alluring $0.0694.
With its deep utility in the real world, and most importantly, within a financially lucrative sector, Remittix is on the warpath to dominance in 2025, and analysts forecast an explosive 800% price rise during presale.
For any savvy investor looking to get in early on a market disruptor, this is not a project to gloss over.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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