Bitcoin experienced a single-digit correction today, plummeting towards $110,000 after peaking above $124,000 earlier this month. The price slump in recent trading sessions was triggered by an increase in retail alt rotation.
Low-capped alts are at the receiving end of this retail adoption; Cardano and Chainlink holders are trimming their profits and jumping on Remittix (RTX), a new crypto project with a 17x profit potential before the final quarter.
Analysts forecast Remittix to see a parabolic trajectory this cycle; currently priced at $0.1000 per token, RTX has been one of the biggest hitters since the start of H2, printing back-to-back profits for early adopters. In this article, we will review what’s the latest with Chainlink, Cardano price trajectory, before throwing some light on some details you should know about Remittix.
Cardano (ADA): Whales Are Buying, But Retail is Cooling Off
Cardano has had an eventful August, with whales scooping up millions in ADA tokens earlier this week, fueling a 15% rally in just a few sessions. This Cardano accumulation saw ADA trade very close to the $1 price level, giving many market participants hope for a big breakout in the near term. However, following the rally, Cardano price has cooled back to $0.8284, recording a 5.34% daily drop amid retail profit-taking.
Analysts point out that this retracement isn’t necessarily bearish, as network growth remains strong and Cardano continues to draw institutional interest. Whales are still active, and project fundamentals are still improving; besides, several long-term holders remain optimistic. But in the short term, some have rotated profits into smaller altcoins with higher growth potential, which explains the growing attention on Remittix.
Chainlink: Institutional Adoption Driving Optimism
Chainlink price has traded within the $16.2 and $28.4 range in the last 30 days, climbing more often than dropping. The recent adoption and other developments have significantly bolstered institutional confidence, some of which include:
- Chainlink partnered with the U.S. Department of Commerce to help bring critical economic data on-chain, further establishing LINK as a leading oracle solution.
- An Arizona-based real estate firm adopted LINK tokens as part of its treasury strategy, causing its stock to surge over 60%.
- Analysts highlight that LINK supply on exchanges continues to plunge, a bullish signal that suggests more holders are locking up tokens rather than selling.
However, just like with Cardano, some investors are diversifying, shifting portions of their LINK gains into smaller-cap projects like Remittix that have higher short-term upside potential.
Why Remittix Could Be the Next Breakout
Early entry into low-capped projects with real-world applications has always been one of the fastest ways to multiply gains in crypto. Remittix (RTX) effortlessly fits this category.
Remittix is a payment protocol built to tear down inefficiencies in cross-border payments: long settlement windows, stacked bank fees, cut-offs and hidden FX spreads. Instead, it offers direct crypto-to-bank transfers across multiple countries; a model market experts believe will appeal to freelancers, small businesses and global remittances.
Analysts believe RTX could post at least 17x gains next month and potentially 100x this cycle. With a presale price of just $0.1000, Cardano and Chainlink holders looking to diversify into high-upside altcoins see RTX as one of the most compelling opportunities in the market right now.
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