Cardano and Stellar Face Tough Competition From New Viral Altcoin Remittix & Why Cardano Price Could Hit Just $2 This Year
The altcoin market is one of the most interesting, with different projects released yearly with their own unique approach. However, Cardano and Stellar continued to hold their ground in the list of top altcoins in the crypto market in the last few years. The last 3 months have also contributed to XLM and ADA prices, with XLM taking a bold reversal from a four-month bear, gaining over 370% in the last 90 days. ADA also recorded over 200% in the same period, among the most successful altcoins in the last 90 days.
However, with analysts speculating a possible bull run that might take Cardano over $2 and XLM to $1, the pressure is getting higher on these coins. But this speculative turn also drives attention to a new crypto asset, $RTX, which could mount a bigger pressure as analysts predict $RTX might get to $1 before XLM.
The bull run is getting stronger, making now the best time to discuss this new crypto that is moving towards challenging the top altcoins. Here is everything you need to know.
How Soon Can Cardano Cross its Previous All-Time High?
Cardano ADA is a top altcoin that has impacted the payment industry for a couple of years. The Cardano crypto-to-crypto payment solution is fast, easy, and highly scalable. However, while the Cardano solution is highly sought-after, the price movement has not really reflected this reality.
The last ADA price all-time high of 3.0991 was set in September 2021 after a 5-month rally. However, it has not been able to return to this all-time high ever since. But, a series of rallies these last few weeks suggests we might close in on the 2021 ATH. The ADA price showed a strong move last December, moving from $0.8797 to a high above $1.300. Analysts speculate this could be a sign of a bullish build-up and set the $2 mark as a critical resistance that could set the bull run in motion.
Critical Points To Scale for the XLM Bullish Future
The last 3 weeks in December showed a huge sell-off in the XLM price, causing a major panic and doubt on the future of the altcoin. This stirred up a lot of doubt about the future direction of the XLM coin price. However, January came with a bright ray of hope as the XLM price rose by over 30% in the first week. While the price change brought renewed hope of a bright future for the XLM coin, the subsequent weeks have not really done much of a strong follow-up.
Looking at the XLM coins daily price chart, rising above the $0.5137 resistance level could boost the coins bullish potential.
Remittix: A New Crypto Setting a Trend in the Altcoin Market
The Remittix token has been trending lately as one of the best crypto ICOs in the last few weeks. This is coming from the innovative approach of the Remittix payment platform. Utility, ease of use, and Innovation have been the major factors driving attention to the Remittix platform.
The Remittix token ($RTX) is currently in its presale phase, but it is already showing that it could be a major contender for the top spot as the best new crypto. It is currently trading at $0.0350, a price that has already given its current investors up to 4x. The presale round has 750,000,000 $RTX tokens to be sold, meaning that investors can still make up to 5x before the end of the presale round.
Analysts predict the $RTX tokens price could jump more than 100x after it launches on exchanges. This could make it a more rewarding investment than ADA and XLM in the next six months.
Check out the links below to learn about the ongoing $RTX token presale round.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Text source: TronWeekly
