September has proven to be a noteworthy month for the cryptocurrency market, featuring vital updates and predictions. Chainlink and Cardano are making strides towards new heights, while Remittix garners attention for its upcoming token sale.
Chainlink Updates: Partnership with U.S. Commerce Department
Chainlink prices hover around $23 after a sharp increase of over 39% this month. The key driver for this growth is a partnership with the U.S. Department of Commerce, which now streams official economic data directly onto the blockchain. This initiative is expected to open new DeFi opportunities such as inflation-linked products. Additionally, Ondo Finance has chosen Chainlink as its official oracle provider for tokenized stocks and ETFs.
ADA Price Prediction: Falling Wedge Breakout in Sight
Cardano is trading above $0.80, with analysts eyeing a possible breakout from a falling wedge pattern. Despite recent declines in active addresses, technical indicators are shifting towards the bulls. If Cardano closes above the 200-day EMA at $0.8335, it could initiate a rally toward $0.89. The open interest remains high at $1.57 billion.
Remittix: Innovations in PayFi Transactions
Remittix is presented as a PayFi ecosystem that bridges cryptocurrency with fiat. It allows seamless cross-border transactions and offers low fixed fees for remittances. Key features include support for over 40 cryptocurrencies and 30 fiat channels, no hidden fees, and a Certik audit completion. Currently, Remittix is concluding its presale phase, having raised over $24 million.
September 2023 has been a pivotal month for cryptocurrencies, and the growth expectations and updates from projects like Chainlink, Cardano, and Remittix showcase the ongoing development and growing investor interest in the sector.
