Cardano Corrects After 50% Rally Amid Upcoming Chang Hard Fork and Rising Interest in Remittix

Cardano (ADA) has experienced a pullback from its recent peak near $0.94 to around $0.84, prompting analysts to view this as a typical retracement following a strong rally in July that delivered over 50% gains in a few weeks [1]. The key support level is currently seen near $0.82, and if it holds, ADA could retest the $1.00 mark. Technical indicators and RSI readings suggest that this correction phase may be nearing its conclusion, particularly with the upcoming Chang Hard Fork expected to boost the platform’s functionality [1].

Price forecasts for ADA vary among analysts and platforms. Changelly predicts a target of $1.11 by the end of 2024, while Bitget estimates a higher ceiling of up to $3.00 by 2025 [1]. These projections highlight the divergence in expectations regarding Cardano’s short- to mid-term performance. Long-term optimism persists due to ongoing developments such as the Hydra scaling project, which could enhance ADA’s scalability and adoption [1].

As Cardano consolidates, attention is shifting toward alternative DeFi projects offering real-world solutions. One such project, Remittix (RTX), has attracted investor interest with its focus on solving issues in the $19 trillion remittance market. Unlike speculative meme coins, Remittix is building on-chain infrastructure with tangible utility, including a full-featured wallet set to launch in Q3, CertiK-audited smart contracts, and support for over 40 cryptocurrencies and 30 fiat currencies [1]. The project has already raised over $17.7 million and sold more than 574 million tokens at a price of $0.0876 [1].

RTX’s value proposition includes low gas fees for global payouts across 30+ countries and passive income potential through crypto staking. These features position it as a strong contender in the DeFi space, especially as investors seek faster returns from lower-cap projects with real-world applications [1]. The growing interest in RTX reflects a broader trend in the crypto market: a shift from traditional blue-chip assets to emerging tokens with immediate utility and use cases.

While ADA’s price action remains a key focal point for many investors, the emergence of projects like Remittix signals a diversification of capital into tokens with stronger on-chain fundamentals and immediate real-world impact [1]. As the 2025 market continues to evolve, investors are increasingly prioritizing assets that demonstrate clear value beyond speculative hype.

Source: [1] Cardano Price Prediction: Analysts Flag Incoming Cardano Correction, RTX Builds Price Structure for 30x Expansion (https://blockonomi.com/cardano-price-prediction-analysts-flag-incoming-cardano-correction-rtx-builds-price-structure-for-30x-expansion/)