Cardano and Shiba Inu Drop 15% Amid Weak Momentum, Remittix Gains 500% Appeal

Cardano (ADA) and Shiba Inu (SHIB) have both seen significant declines from their July highs, with ADA dropping 15% to $0.69 from a peak of $0.92, and SHIB falling 16% despite a one-day token burn of 600 million coins [1]. The price action reflects broader market weakness and challenges in maintaining post-upgrade momentum. Technical indicators, including RSI and EMA, suggest further downward pressure for both assets, with ADA currently trading near $0.69 and SHIB below its 50-day moving average [1].

Cardano’s performance has been particularly impacted by declining daily active addresses, which have fallen to 21,500—the lowest since November 2024—highlighting waning user engagement despite key developments like the Chang Hard Fork and governance upgrades. Analysts remain divided on ADA’s near-term outlook: some anticipate a potential rebound if the coin reclaims the $0.85 level, with a target of $1.50, while others warn of a deeper correction toward $0.70 or even $0.65 [1]. Meanwhile, the broader market context, including global economic developments like Trump’s new EU tariffs, has further exacerbated uncertainty [1].

Shiba Inu faces similar headwinds. Despite its record-breaking 21,600,000% historical gains and recent burn activity, the coin’s price has continued to weaken, with reduced Shibarium usage and declining open interest signaling fading momentum. If selling pressure persists, SHIB could fall toward $0.0000094 [1].

In contrast, Remittix (RTX) has emerged as a compelling alternative for investors seeking real-world utility and growth potential. The platform is developing a PayFi ecosystem designed to streamline crypto-to-bank transfers across 30+ countries, targeting inefficiencies in the $190 trillion cross-border payments market. Its native token, RTX, is backed by strong tokenomics and a multi-chain Pay API that allows businesses to accept over 40 cryptocurrencies and settle in fiat instantly [1].

Key features that are attracting institutional and retail interest include real-time settlement, low gas fees, multi-chain support for Ethereum and Solana, and deflationary mechanics tied to real-world usage. The platform also plans to launch a mobile wallet in Q3 2025, enabling real-time foreign exchange conversions for users globally [1]. These developments position RTX as a project with tangible infrastructure and monetization potential.

To drive early adoption, Remittix has launched a $250,000 community giveaway, rewarding participants through referrals, content creation, and social engagement. The initiative contrasts with the bearish trends observed in ADA and SHIB, which continue to struggle with waning user interest and technical weakness [1]. Investors are increasingly shifting capital toward low-cap projects like Remittix that offer clear use cases and scalable solutions [1].

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[1] Cardano and Shiba Inu Erase July Gains, But This Viral Crypto looks Set To Extend 500% Gains – https://cryptodaily.co.uk/2025/08/cardano-and-shiba-inu-erase-july-gains-but-this-viral-crypto-looks-set-to-extend-500-gains