Whales in Cardano are reallocating assets away from ADA towards newer projects like Remittix, generating discussions within the crypto community.
Current Situation with ADA
After peaking in July near $0.94, ADA has shown a healthy retracement. Analysts expect that if support above $0.82 holds, another price surge could reach $1.50 by August. Despite a recent 10% pullback, Cardano remains in a bullish setup.
Why Whales Are Turning to Remittix
Some whales are beginning to explore faster-growing options like Remittix, a Layer 2 alternative to Ethereum focused on real-world payments. The RTX token is gaining traction due to its utility-based approach, catching the interest of smart money.
Future of Cardano and New Tokens
Despite the shifts among whales, ADA remains a promising project with strong fundamentals. With upgrades like Chang and growing demand for scalable DeFi solutions, ADA still has potential to exceed $2 by year-end.
The shift of Cardano whales towards newer tokens like Remittix highlights investor focus on projects with real-world utility. Nevertheless, ADA continues to be an important asset in the crypto market.
