"ADA Plummets 20%: Can Cardano Recover Amidst Market Sell-Offs?"

The cryptocurrency market has witnessed a significant downturn, with Cardano (ADA) being one of the most affected. The recent Cardano price collapse has left investors with losses of up to 20%. Meanwhile, the question remains: can INTL truly rally 400x?

Cardano's recent struggles can be attributed to several factors. The project has experienced a steep drop in its DeFi total value locked (TVL), with over $263 million lost. The number of ADA tokens locked in DeFi protocols has decreased from 618 million to 413 million, and the network's TVL has fallen to $330 million, a significant decrease from its annual peak of $593 million. Additionally, stablecoin liquidity on the network has also dropped, further reducing its appeal in DeFi.

The Cardano price drop is not an isolated incident, as wider market sell-offs have caused the TVLs of other cryptocurrencies like Ethereum, BNB Chain, Tron, and Arbitrum to decrease. However, ADA's struggles run deeper, with bearish technical patterns suggesting more downside. A break below $0.5570 could send ADA tumbling another 22%, and if things get worse, a drop to $0.3100, its 2024 low, isn't out of the question.

With inflation fears rising in the U.S. and market sentiment shaky, expecting ADA to climb to $5 in this cycle seems overly optimistic. The project remains strong fundamentally, but for investors looking for real gains, there might be a better opportunity elsewhere.

One such opportunity could be Remittix (RTX), a startup that aims to solve practical issues in international banking rather than merely speculate on prices. Remittix is positioned as one of the top cryptocurrency investments of the year due to its ability to effortlessly integrate cryptocurrency payments with regular banking. Let's examine why RTX might be a better option.

Remittix is quietly revolutionizing how people send and receive money. It is a payment network designed to address one of the major issues facing the world today: costly, delayed, and exclusive cross-border transactions. Unlike centralized exchanges like Coinbase or payment processors like Stripe and Wise, Remittix ensures full financial autonomy. Users can access their money without going via