Cardano and Shiba Inu Lose 15-16% Amid Market Downturn as Remittix Gains Attention With Real-World Crypto Infrastructure

Cardano (ADA) and Shiba Inu (SHIB) have both erased their July gains amid broader market corrections. ADA, which reached a peak of $0.92 following the Chang Hard Fork and governance upgrades, has dropped to $0.69, reflecting a 15% decline from its high [1]. SHIB has similarly fallen 16% from its July peak, despite a one-day burn of 600 million tokens, a 374,629% spike in burn activity, yet the price remains disconnected from on-chain progress [1]. Technical indicators suggest further downside risk for both coins, with ADA breaking key $0.85 support and SHIB sliding below its 50-day EMA, signaling weakening momentum [1].

Analysts are divided on Cardano’s near-term outlook. Some believe ADA could rebound if it reclaims $0.85, potentially targeting $1.50 in a 2021-like cycle, while others warn of a deeper correction toward $0.70 or even $0.65 [1]. Meanwhile, SHIB’s burn rate has declined, and reduced Shibarium usage along with falling open interest point to ongoing challenges in sustaining long-term demand [1]. Daily active addresses on the Cardano network have dropped to 21,500—the lowest since November 2024—highlighting a slowdown in user adoption despite significant development efforts [1].

In contrast, emerging projects with clear real-world utility are gaining traction. Remittix (RTX), a DeFi initiative focused on cross-border payments, is drawing attention as a potential 100x crypto candidate. The platform is building a PayFi ecosystem that enables instant crypto-to-bank transfers across 30+ countries, targeting inefficiencies in the $190 trillion cross-border payments industry [1]. RTX is set to launch a wallet beta in Q3 2025 and offers multi-chain support, including Ethereum and Solana, with low gas fees and deflationary mechanics driven by real-world usage [1].

Key features of the Remittix platform include an Enterprise Pay API that allows businesses to accept 40+ cryptocurrencies and settle in fiat instantly, real-time settlement across multiple countries, and a mobile wallet with real-time FX conversion for global users [1]. These tools provide a scalable and compliant infrastructure for institutional and retail users, differentiating RTX from speculative assets like ADA and SHIB [1].

To boost early adoption, Remittix has launched a $250,000 community giveaway, rewarding participants through referrals, content creation, and engagement [1]. This strategy contrasts with the bearish pressure on other major altcoins, as investors increasingly favor projects with tangible infrastructure and monetization potential [1]. Smart money capital is shifting toward low-cap crypto projects that offer real-world solutions, such as RTX’s Pay API, which directly addresses market demand without relying solely on token burns or hype [1].

While Cardano’s ecosystem continues to expand—with over 1,300 projects and $412 million in Total Value Locked—its slower adoption and user experience challenges have left it trailing behind more agile competitors [1]. Similarly, Shiba Inu’s declining burn rate and waning open interest suggest further downward pressure on SHIB as market confidence fades [1].

Remittix’s combination of real-time settlement, enterprise-grade APIs, and deflationary mechanics is attracting institutional interest and whale activity, signaling a shift in capital toward projects with concrete use cases and scalable infrastructure [1]. Unlike many speculative tokens, RTX’s growth is underpinned by a clear value proposition in the global financial infrastructure space, positioning it as a strong contender for future gains.

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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)