Solana News Today: Cardano Nears $1 as RTX Approaches $20M Presale Target

Cardano (ADA) is nearing the symbolic $1 level, drawing attention from investors as it shows signs of stabilizing and potentially breaking through the critical threshold [3]. At $0.9135, the asset has a market capitalization of $32.52 billion, supported by a 24-hour trading volume of $2.99 billion, though this volume has decreased by 25.46% compared to the previous day [1]. Despite a 1.61% decline over the past 24 hours, ADA remains among the top cryptocurrencies under $1, with many long-term investors viewing its energy-efficient model and staking capabilities as key strengths for future growth.

Alongside ADA, Remittix (RTX) is emerging as a notable altcoin with significant momentum. The token has raised $19.8 million in its presale, with 603 million tokens already sold, and is approaching a key $20 million funding milestone. Once this target is reached, the project will announce its first listing on a centralized exchange (CEX), which is expected to significantly enhance its liquidity and global accessibility [1]. Additionally, the team plans to launch a beta wallet in Q3 2025, featuring low gas fees and real-time foreign exchange conversion for use in over 30 countries [2]. These developments are positioning RTX as a strong contender in the PayFi space, especially for those seeking real-world blockchain utility.

Chainlink (LINK) is also being closely watched for potential parabolic moves, although the specific catalysts for this growth are not detailed in the latest reports [1]. As a critical infrastructure provider in decentralized finance, Chainlink has long been a focal point for analysts and investors. The broader market environment, including macroeconomic trends and increasing institutional interest, is expected to play a key role in shaping its performance over the coming months.

The growing interest in projects like ADA, RTX, and LINK reflects a broader shift in the cryptocurrency market toward assets with tangible real-world applications. Investors are increasingly prioritizing projects that demonstrate clear utility and adoption potential, such as cross-border payment solutions and DeFi integration. This trend is evident in the growing capital flows toward RTX and the continued institutional support for projects like Solana and Ripple [2]. Despite short-term volatility and regulatory uncertainties, these developments indicate a maturing market that is placing more emphasis on fundamentals.

As the year progresses, the performance of these tokens will be closely monitored for signs of sustained momentum. While ADA’s ability to break above $1 remains a key focus, the upcoming CEX listing and wallet launch for RTX represent significant catalysts that could drive further interest. Investors are advised to approach the market with caution and conduct thorough due diligence, as the crypto space continues to evolve rapidly.

Sources:

[1] Coindoo. (2025, August 16). Traders Are Asking If This Rising Star Is About To Catch Up With Solana And Ripple. https://coindoo.com/traders-are-asking-if-this-rising-star-is-about-to-catch-up-with-solana-and-ripple/

[2] Coindoo. (2025, June 20). Cardano Edges Toward A Dollar While RTX And Chainlink Prepare For A Parabolic Breakout. https://coindoo.com/cardano-edges-toward-a-dollar-while-rtx-and-chainlink-prepare-for-a-parabolic-breakout/

[3] AInvest. (2025, August 17). Cardano ADA Breaks Downtrend Hints At 176 Rally. https://www.ainvest.com/news/cardano-ada-breaks-downtrend-hints-176-rally-1-84-2508/