IT’S HAPPENING! Crypto In USA Goes ATOMIC!
Intro 00:00
Crypto week is days ahead 00:55
Big new crypto bill 2:45
itrustcapital 4:10
Ethereum kickstart altcoins 5:10
Cardano setting up to do it again… 9:15
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coinpedia
The post Why Remittix’s Unique PayFi Offering Has Cardano & XRP Whales Circling After $15 Million Is Raised! appeared first on Coinpedia Fintech News
Remittix is quickly gaining ground as a serious crypto player, especially after raising over $15.9 million. Cardano and XRP whales are now taking notice, as the project’s PayFi innovation opens up an entirely new world for real-world crypto adoption.
Remittix’s PayFi allows crypto holders to move BTC, ETH or XRP to traditional bank accounts in four and a half minutes. That bridge to the physical world is what XRP and Cardano have been reaching for, but Remittix seems to be there first.
Cardano is trading at $0.5761, down by 4.12% with volume down by 50.24%.
XRP also fell by 2.37% to $2.21, volume down 54.2%. The two cryptocurrencies have long touted mass adoption with seamless payments but now are at risk of being displaced by a leaner and faster model.
Remittix, for its part, is already conducting full wallet flight testing and hopes to formally launch in Q3 2025.
Why Whales Are Taking Remittix Seriously
Whales prefer to track utility not buzz. And Remittix has aplenty. With over 547 million tokens already sold, an active presale at $0.0811 and an active 50% token bonus, large investors are considering gigantic upside potential.
The project is seeking an $18M soft cap and having already received $15.9M+, it’s close to reaching that goal in a hurry. But what really makes it stand out is that it doesn’t merely guarantee cross-border payments, it does them.
Whereas Cardano’s ongoing-building ecosystem or XRP’s perpetual fight against regulations, Remittix is giving consumers an instant use case anybody can comprehend: send crypto, get fiat.
Can Remittix Catch Up with XRP And Cardano?
If trends continue the way they are, it might. The demand for fast, efficient and global payment systems is growing rapidly. XRP and ADA helped create the early narrative on crypto utility and Remittix is turning that utility into reality with minimal friction.
Remittix’s whitepaper has goals for global expansion and its product is already in functional test stages. That’s greater than several layer-1s or cross-border coins in the same tier.
Investors are now wondering: if Remittix can do in one click what XRP and ADA have only dreamed about, why risk being short on the newer project?
A Real Chance At The Top 10?
Remittix isn’t some pretty-looking site coin. It’s a full payment system with real-world usage. By touching upon the crossroads between crypto and fiat, it’s addressing one of the biggest problems in crypto adoption today.
As PayFi continues to gain steam and as whales continue to pour in, Remittix could threaten the very foundations that ADA and XRP were established on. If it continues to gain strength on this trajectory throughout Q3 and onwards, it would not be so surprising for Remittix (RTX) to climb into the top 10 crypto rankings.
Join the Remittix (RTX) presale and community:
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Rick McCracken DIGI 🇺🇸
Reflecting back on 3 bear markets and 2 bull runs for alt coins, my personal opinion is that the alt coin market does not change much as a whole until there is a major shift in US monetary policy and US macro economics.
Why the US though? Because it is the largest economy in the world by a large margin. The charts I've been looking at 10+ years have been speaking, but I often don't hear the important parts because the hopium deafens me. I'm not a quant. I just see the numbers go up, sideways, or down.
Those charts are the market speaking
I don't make the rules and neither do you. The market makes the rules. I'm learning to hear it.
When alt season? Maybe after the USA cuts rates, ends QT, starts QE, and prints more money. I don't know. Apparently is does not matter if a bunch of other countries aside from the US cuts rates and print money. They already did and not much came of it, yet.
Even as recently as February 2025 I thought strong bullish news was enough to spark an alt bull run, but nay. April, May, June rolled by with very positive crypto legislation advancements - still no joy. July has crypto week coming up in the House of Reps. We will see what happens.
Historically there are few small upticks only to return to a trend line, or setting a higher low depending on the time scale one zooms out into the past.
Occasionally the latest wiz bang coin shows up and does well, displacing previous market share alts as it climbs the charts. For example Solana, Hype, SUI climbed the charts, EOS, Tezos, and others regressed down the top 100, Cardano held a strong position since launch like a honey badger.
Why is the price of a coin important? Because people do not want to lose value. People do not want to miss opportunities to gain value either. No matter how virtuous it may sound to say that one does not care about the price, they actually do care about the price. Because if it goes to zero, nobody else wants it.
The positive outlook for alts? US monetary policy may shift with the current bullish US administration. Investors may try their luck to not miss the opportunity of gains I mentioned above. The money printing of fiat could be turned back on. Yes, that same money printing crypto bros make fun of is that same money printing that the crypto bros benefit. Historically, look what happened to alt coins when the COVID money printing kicked in. Alt season showed up.
What about Bitcoin?(as opposed to alts)
Historically bitcoin has been around longer, with much more of a track record, and people have watched it outperform every other asset over the course of a decade. It's possible as opposed to seeing as a high risk asset, they see a greater risk of not holding BTC to retain value.
"But Bitcoin is so slow!" Nobody cares, it's fast enough. They're happy with it. It will speed up in due time at the right layers. Same for Cardano.
"But Rick, we created a new financial operating system, we don't need the old one!" ... It doesn't matter what you think, it only matters what the market thinks. How else are people supposed to buy crypto? We use a bridge from the old system to the new system called CEX and fiat.
All these financial systems and markets are interdependent. Interoperability is important during transitions phases. How else would people buy crypto, or alts, or stable coins? Why do you think credit cards, at one point, have (had) raised numbers and magnetic stripes? To maintain compatibility with the old mechanical card imprint machines while also using electronic means. Think of interoperability as both a spectrum and a transition phase. It take 20+ years to have gone through these major technological changes.
I am still very bullish on alts in the long term outlook, and especially Cardano, along with other extremely high reliability and high performance blockchains. What I don't know wtf is going to happen next or when. Not even 10 seconds into the future. It took over 10 years for internet mass adoption.
Anyway, this post is not financial advice. Just my personal musings of my historical observations.
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Chanh Doro
✨Soul is redefining DeFi lending.
♻️@0xSoulProtocol redefines DeFi lending by integrating liquidity from multiple protocols and blockchains, addressing fragmentation, improving capital efficiency, and enhancing user experience.
♻️@0xSoulProtocol aims to become a seamless, efficient, and accessible intermediary for lending and borrowing in DeFi.
#SoulProtocol #Defi
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Cryptonews.com
🚨 Alex Svanevik, CEO of @nansen_ai
In this conversation, @mattzahab and @ASvanevik discuss:
- Quick overview on each of the top 10 coins
- $HYPE flipping $ADA this summer
- Hyperliquid deep dive
🔊
The current price of Cardano is $0.57540. Over the last 24 hours, Cardano has increased by +1.27%. It currently has a circulating supply of 36,133,190,032 ADA and a maximum supply of 45,000,000,000 ADA, giving it a fully diluted market cap of $20.78B. At present, Cardano holds the 10 position in market cap rankings. The Cardano/USD price is updated in real-time.
Cardano’s biggest 24-hour price drop was on May 19, 2021, (UTC+8), when it fell by $1.0775 (-51.70%). In Aug 2021, Cardano experienced its biggest drop over a month, falling by $1.7114 (-57.57%). Cardano’s biggest drop over a year was by $2.9312 (-94.57%) in 2021.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Cardano (ADA) is a third-generation blockchain platform looking to improve the workings of Ethereum and Bitcoin. Named after Gerolamo Cardano, a 16th-century Italian polymath, Cardano describes itself as a third-generation blockchain equipped with the technologies required to enable a sustainable and secure crypto network.
Like every Layer 1 blockchain project, Cardano also has its native token, which doubles as the consensus anchoring mechanism and a settlement currency. This token is named ADA after a 19th-century mathematician, Ada Lovelace, who developed the first computer algorithm and is regarded as the first programmer.
How does Cardano work?
Cardano is among the first blockchains to be built using the highly secure Haskell programming language. Its multi-layered protocol is capable of performing sophisticated functions, comprising of a Cardano Settlement Layer (CSL), which serves as a unit of account, and a Cardano Computing Layer (CCL), which executes smart contracts and facilitates identity recognition and compliance.
The workings of Cardano boil down to implementing an energy-efficient consensus mechanism called Ouroboros. Ouroboros is a Proof of Stake (PoS) consensus mechanism where users stake their assets to validate transactions. The validators are rewarded with ADA tokens in proportion to their staked assets. This in-house developed technology allows Cardano to use only a fraction of the energy used by legacy blockchains like Bitcoin and Ethereum to validate transactions and keep their networks secure.
Besides offering an environmentally friendly network, the Cardano blockchain resolves the scalability issues plaguing established blockchains without dialing down on the importance of decentralization. Specifically, Cardano currently processes 250 transactions per second (TPS), a considerably high figure compared to Ethereum's 15 TPS and Bitcoin's 4 TPS. It does this while providing the infrastructure required to develop and launch decentralized applications (DApps). Notably, these functionalities have elevated Cardano's popularity in the crypto community.
ADA tokens are used to pay transaction fees, and users can also stake their ADA tokens to receive ADA-denominated yields. In the future, holders can use their ADA tokens to participate in governance-related processes. When this happens, ADA holders will become the major stakeholders of the Cardano economy and will collectively decide on the future of the blockchain.
Over the years, Cardano has emerged as one of the top ten cryptocurrencies by market capitalization due to its sophisticated blockchain architecture and the endless potential it offers as regards blockchain scalability.
What is Cardano's Alonzo upgrade?
The Alonzo upgrade was one of the most significant enhancements to the Cardano network, adding smart contract capabilities. It was implemented on the Mainnet in September 2021 and furthered its aim of competing with Ethereum, the world's leading smart contract platform. The introduction of smart contracts laid the path for developers to build various applications on Cardano and even mint non-fungible tokens (NFTs), expanding the network's capabilities in the decentralized finance (DeFi) space.
What is Cardano's Vasil upgrade?
Another significant development for the Cardano ecosystem was the Vasil upgrade. Named after Vasil Dabov, a Bulgarian mathematician and former Cardano contributor who passed away in December 2021, the upgrade aims to enhance the network's capabilities. While the upgrade was initially scheduled for June 2022, it was delayed to September 22, 2022, a week after Ethereum, Cardano's biggest competitor, switched to a PoS network.
The Vasil upgrade enhanced Cardano's programming language Plutus, enabling developers to build dApps with greater speed, transactional capability, and powerful scripts. The upgrade also introduced diffusion pipelining, which streamlined the sharing of new blocks with network participants, ensuring that blocks can be shared in the network within five seconds of their creation. The Vasil upgrade was implemented as a hard fork and aimed to enhance the network's throughput and experience for all users.
ADA price and tokenomics
ADA has a max supply of 45 billion tokens, and 34.18 billion ADA tokens were already in circulation by September 2022. Initially, ADA was distributed through an initial coin offering (ICO) in which 25.9 billion ADA tokens were sold in five rounds of public sales for around $79.2 million.
A total of 5.18 billion ADA tokens, or 20 percent of the circulating supply of 25.9 billion, was distributed among the three entities responsible for the development of Cardano. They are Input Output Hong Kong (IOHK), the Cardano Foundation, and Emurgo. IOHK received 2.46 billion tokens, while Emurgo and the Cardano Foundation received 2.07 billion and 640 million ADA tokens, respectively.
Therefore, 31.11 billion ADA tokens were in circulation at Cardano's official launch, and the remaining 13.88 billion ADA tokens were set aside as a reserve to incentivize and reward stakers. The primary distribution mechanism of ADA is its staking mechanism. Like most blockchain solutions, Cardano runs an incentive-based economy designed to encourage participants to contribute positively to the growth and safety of the ecosystem.
Specifically, stakers are rewarded with ADA tokens as part of the mechanisms to encourage users to participate in the transaction validation process. In essence, staking doubles as a token emission system for Cardano as newly issued coins are periodically allocated to successful stakers. This will continue until 45 billion ADA coins are in circulation.
As mentioned earlier, the supply cap of ADA is 45 billion tokens, with approximately 34.18 billion tokens already in circulation. Considering that 31.1 billion ADA was allocated to various entities at the launch of Cardano, it is safe to say that around 2.9 billion ADA has been distributed via the staking mechanism.
About the founders
Cardano was launched in 2017 by founder Charles Hoskinson. Although Hoskinson started researching and building Cardano in 2015, the project and its native token, ADA, did not officially launch until 2017.
Before this, Hoskinson was heavily involved in creating Ethereum as one of its co-founders. He left the project due to differences in ideologies over the future of the network. Hoskinson reportedly wanted to accept venture capital and turn Ethereum into a for-profit project, while Vitalik Buterin wanted to keep it running as a non-profit.
Former Ethereum colleague Jeremy Wood approached Hoskinson soon after, and the two started Input Output Hong Kong (IOHK) in 2015. IOHK is an engineering company that primarily focuses on the development of Cardano while helping to build cryptocurrencies and blockchains for academic institutions, enterprises, and government entities.
In addition to being a contributor to Ethereum, Hoskinson was the founding chairman of the Bitcoin Foundation's education committee. He also established the Cryptocurrency Research Group in 2013.
What makes Cardano unique?
One thing that continues to set Cardano apart is how its development has unraveled via an open-source and peer-reviewed model. Cardano is peer-reviewed, as all of the components that have come together to make up its infrastructure were academically researched by experts around the globe using evidence-based methodologies. As such, it has taken longer than expected for some of the features of Cardano to come to life. This is due to the strict scrutiny that each upgrade must undergo before implementation.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 28K new posts about Cardano, driven by 8.2K contributors, and total online engagement reached 2.5M social interactions. The sentiment score for Cardano currently stands at 86%. Compared to all cryptocurrencies, post volume for Cardano currently ranks at 873. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Cardano.
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2,470,866
Sentiment
86%
Volume rank
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Cardano FAQ
What is the total supply of Cardano?
The maximum supply of Cardano is capped at 45 billion, of which 31.11 billion tokens were in circulation during the launch of the network.
What are the factors that affect the price of Cardano?
Like most crypto tokens and altcoins, Cardano’s price is susceptible to the larger crypto market price trends. This means that during bull cycles, Cardano’s price increases, and the price of Cardano falls during bear markets.
Apart from market trends, Cardano’s price is also affected by factors such as network upgrades and positive or negative news around the network. At OKX, we advise you to research any cryptocurrency before buying and trading them. Cryptocurrency is deemed a high-risk asset and prone to sharp price movements. Therefore, we ask that you only buy what you are willing to lose.
Furthermore, like all cryptocurrencies, Cardano is volatile and carries risks. Therefore, before buying, you should do your own research (DYOR) and evaluate your risk appetite before proceeding.
Why do some refer to Cardano as the "green blockchain"?
Bitcoin uses the Proof of Work (PoW) consensus mechanism that requires miners to use computers to solve a complex mathematical problem, making the process energy intensive. However, the miner who solves the problem gets to validate transactions and create a block and is rewarded in BTC.
On the other hand, Cardano uses the PoS consensus mechanism that is several times less energy intensive. In fact, according to Hoskinson's estimates, Cardano's energy usage is 0.01 percent of Bitcoins. This is why Cardano is sometimes referred to as the "green blockchain."
What are the five eras of Cardano's development?
Cardano's development roadmap is divided into five stages: Byron, Shelley, Goguen, Basho, and Voltaire. During the Byron era, the Cardano team developed the foundational code for the network with the Ouroboros consensus mechanism at its heart, allowing users to exchange the native token, ADA.
The Shelley era focussed on decentralization to ensure that the nodes were run by a diverse group of people instead of centralized groups. Next, the Goguen phase saw the Alonzo upgrade that introduced smart contract capabilities to Cardano. The Vasil upgrade, part of the Basho era, focused on improving the network's scalability by improving throughput. Cardano is also working to introduce side chains to further boost scalability during this phase.
The Voltaire period will see the addition of voting and a treasury system for a self-sustained governance mechanism. It will allow users to stake their assets and vote on the future developments of the network.
How can I buy ADA?
Easily buy ADA tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include ADA/USDT, ADA/USDC, ADA/ETH, and ADA/BTC.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into ADA, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 Cardano worth today?
Currently, one Cardano is worth $0.57540. For answers and insight into Cardano's price action, you're in the right place. Explore the latest Cardano charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Cardano, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Cardano have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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