Currently, the cryptocurrency market is witnessing a decline in prices for assets such as Cardano and Shiba Inu. Investors are also starting to pay attention to new projects with real-world applications.
Technical Analysis of Cardano
Cardano (ADA) has fallen 15% from its July peak of $0.92 to $0.69, erasing a 53% rally initiated by the Chang Hard Fork and governance upgrades. Despite major upgrades, Cardano has broken below key $0.85 support and is now trading near $0.69, with RSI at 37, indicating possible further downside. Analysts are divided: some see ADA rebounding if it reclaims $0.85, targeting $1.50, while others warn of deeper correction toward $0.70 or even $0.65.
Situation with Shiba Inu
Shiba Inu (SHIB) has tumbled 16% from July highs despite a one-day burn of 600M tokens, a 374,629% spike. Yet price performance remains disconnected from burn activity. Technicals show weakness: SHIB has dropped below its 50-day EMA, with RSI below 50 and falling volumes. While SHIB celebrates 5 years and 21,600,000% historical gains, reduced Shibarium usage and waning open interest suggest fading momentum and Shiba Inu price may fall toward $0.0000094.
New Project Remittix
As ADA and Shiba Inu prices retrace, the project Remittix is gaining attention due to its mission of improving financial access. Remittix is developing a PayFi ecosystem for instant crypto-to-bank transfers across over 30 countries, directly addressing inefficiencies in the $190 Trillion cross-border payments market. Set for a Q3 2025 wallet beta launch, its multi-chain Pay API allows businesses to accept over 40 cryptocurrencies while enabling instant settlement in fiat.
In the current situation, the decline in prices for Cardano and Shiba Inu creates interest in new crypto projects like Remittix that offer real solutions and growth opportunities.
