Bullish Cardano’s price predictions are materializing now that ADA’s price has registered a highly predictable breakout, surging 37% in the last month. With its price now at $0.77, ADA has fewer hurdles to breach before an uptick above $1.
These bullish Cardano price predictions are backed by a milestone achievement by Cardano and its partnership with BitcoinOS, enabling the bridgeless transfer of BTC to Cardano’s chain using a seamless zero-knowledge protocol.
Moving BTC to Cardano without using conventional bridges and third-party custodians writes a new chapter for decentralized on-chain security and interoperability, unlocking BTC’s DeFi potential.
Cardano’s price soars as Bitcoin’s DeFi potential is unlocked
Cardano’s price is breaking out of a prolonged consolidation phase, demonstrating remarkable upside potential as the bulls make a comeback. While there remain several key resistance levels for bullish Cardano price predictions to materialize, ADA is well on its way towards $1.
One of the long-term resistance levels ADA now has to face includes the $0.8 zone that forms the upper trend line of ADA’s descending channel. For months, ADA’s price has consolidated below this descending channel, but a decisive breakout could push ADA’s price toward $1.1.
Image source: Coinmarketcap
The successful transfer of BTC to the Cardano ecosystem using BitcoinOS’s BitSNAK protocol has contributed greatly to the rise in bullish Cardano price predictions.
Through its partnership with Cardano, BitcoinOS managed to move one BTC to Cardano’s chain in the form of a UTXO-compatible digital asset called xBTC in a trustless and bridgeless system. This mind-blowing achievement has also triggered growth in Cardano staking, as reports showed rising trust among community-driven pool operators.
Image Source: X.com
Data from CoinGlass also reveals a heavy concentration of long positions at higher support levels for ADA. Currently, traders have placed over $5.5 million in longs at $0.65, signaling rising confidence among traders of higher highs.
As Cardano’s ecosystem grows to unlock Bitcoin’s DeFi capacity, more bullish Cardano price predictions will be set, with some analysts forecasting an ADA price as high as $10 this coming bull run.
Remittix’s RTX presale gains traction amid a rallying crypto market
Cardano price predictions aside, a new altcoin is taking center stage in the cross-border payments sector. Introducing Remittix, a revolutionary PayFi protocol reinventing cross-border payments with a simple and intuitive approach set to disrupt a potential $180 trillion remittance industry.
Remitix’s PayFi protocol enables users to send funds directly from their crypto wallet to a recipient’s bank account across more than 30 fiat currencies. Similar to how Cardano’s new bridgeless BTC transfer is boosting interoperability, Remittix is bridging the gap between crypto and traditional banking and payment networks.
Remittix even goes as far as obscuring the complexities of dealing with crypto wallets, such that the recipient remains unaware that the transfer started from a crypto wallet. With Remittix’s support of over 40 cryptocurrencies, users can send funds across multiple coins and tokens, including stablecoins.
The platform also comes with a PAY API that gives businesses the capacity to seamlessly send and receive crypto payments. Compared to its competitors, Remittix boasts a simple and intuitive approach that is also affordable, as every transaction comes at a flat fee with zero hidden costs or extra charges.
Remittix’s RTX presale is gaining traction among investors, having now raised almost $15 million in a short time. With only 50% of RTX’s total supply of 1.5 billion tokens up for grabs, over 74% has already been sold, with RTX now changing hands at $0.0757.
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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