Cardano (ADA) has experienced a significant surge in trading activity, with futures volume hitting $6.9 billion on August 14—a five-month high—accompanied by a 12% price jump that brought ADA near $0.90. Technical analysts now predict a potential rally to $1.18, citing bullish MACD signals and the breaking of a multi-month descending trendline. Key resistance levels are identified at $1.02 and $1.15. This momentum is partly driven by institutional exploration of ADA-focused trusts and the network's expanding utility in cross-chain DeFi, payroll systems, and staking, particularly in Asian fintech markets testing blockchain salary payments.
Meanwhile, Remittix (RTX), a PayFi-focused DeFi project, has raised over $20 million in its presale, with more than 608 million tokens sold at $0.0969 each. The project is drawing heavy whale inflows due to its real-world utility, enabling instant crypto-to-bank transfers in 30+ countries with transparent FX conversion for freelancers and remitters. Its upcoming Q3 wallet beta launch and confirmed BitMart listing have fueled investor excitement, alongside a CertiK audit, 20% referral rewards, and a $250,000 giveaway. Analysts highlight RTX's low gas fees and adoption-focused model as key differentiators from speculative assets.