- Cardano breaks $0.79, targeting $1.20 short-term and $2.90 long-term.
- ETF speculation and Midnight upgrade boost ADA’s bullish case.
- Remittix raises $18.7M for Ethereum-based cross-border payments.
Cardano (ADA) is experiencing a period of bullish momentum, sparking interest from investors who see potential for significant growth.
However, there’s another player in the market that’s been catching the eye of many, Remittix (RTX).
With its real-world utility and growing investor interest, Remittix is positioning itself as a top altcoin to buy in 2025, potentially rivaling Cardano.
Cardano’s breakout and potential for growth
Cardano (ADA) has been trading around $0.795 recently, following a breakout from a falling wedge pattern that formed since late July.
Analysts are optimistic, with some predicting that ADA could see a short-term target of $1.20, and a long-term target near $2.90.
This price action mirrors past ADA cycles, where similar setups resulted in substantial price gains. Crypto analysts have highlighted that the buy zone between $0.68 and $0.61 acted as key support, and once ADA found a base, it broke through resistance levels.
source: TradingView
With the upcoming Midnight upgrade, which is expected to fuel DeFi growth on the Cardano network, there is growing optimism among investors.
Additionally, speculation about a Cardano ETF has sparked further interest in the coin. If institutions start showing more involvement, the price of Cardano could increase significantly in the coming months.
While Cardano ETF speculation is still in the early stages, it’s clear that the groundwork is being laid behind the scenes.
The SEC had delayed multiple altcoin ETF applications in May, including those related to Cardano, but Charles Hoskinson has reportedly been consulting with D.C. policymakers.
This shows that there may be more developments on the horizon regarding Cardano-based financial products and the Grayscale ETF final decision deadline is rumored to be Oct 15, 2025.
Remittix: A top altcoin to watch in 2025
While Cardano price updates are encouraging, Remittix (RTX) is a promising competitor. Having raised over $18.7million from the sale of over 588 million tokens at $0.0922 each, Remittix has…