The drop in Cardano hype shows a shakeup that could see it lose its market top 10 seat. However, while Cardano’s progress as a top 10 coin remains debatable, Remittix and Hyperliquid are moving towards entry to the top 10. Cardano’s position appears critical under threat as the dynamics begin to charge towards a bull season.
Here is why Hyperliquid and Remittix are drawing attention away from Cardano this month.
Key Elements Showing Cardano Price Weakness
Cardano has seen its rank drop from 7 to 9, and now to 10, after top whales exited over the last few months. Whales exiting Cardano might also be a primary factor, currently seeing the price far from reclaiming its previous ATH. However, the major factors analysts have identified causing Cardano’s slowdown include a slow ecosystem growth and major sell-off by some of Cardano’s bigwigs.
Over the last few days, the Cardano price also saw a boost that followed the altcoin market’s minor breakout. However, the price quickly reversed, leaving Cardano trading at $0.81. An in-depth look into the chart shows Cardano remains in a zone that could see further drawdown.
Hyperliquid Sees Further Boost Towards Top 10
While still a newbie in the crypto ecosystem, the rising adoption of HYPE’s modular L2 architecture reflects a growth in institutional appeal. The Hyperliquid surge in the last few months has been mind-blowing, with HYPE coins occupying the number 12 spot. However, in addition to its growing position in the crypto market, HYPE also leads with about 70% in on-chain perpetual futures trade.
Hyperliquid continues showing strength as a potential to replace Cardano in the upper zone as it continues moving closer with each price growth.
Remittix Sets For 100x Market Surge With Payment Utility
Remittix is heading towards a major breakout this year with its payment use case seamlessly bridging crypto with local payment networks. The rise in the Remittix whale interaction is fueling a new 30x progression this year. Remittix’s $17.5 million growth over the last few weeks shows the market support and potential price surge in August.
According to the latest updates with the Remittix project, the $RTX token could see up to 100x before Q2 2026. This is with new solutions and strategies set to improve crypto payment, with Remittix helping users with crypto-to-fiat payment. Users can simply send money directly to their loved ones’ bank accounts with their crypto assets.
However, analysts believe the Remittix solution has more features that could propel it in the coming months. This includes:
- API solution for businesses that convert crypto payments to fiat on remittance
- 30+ countries’ fiat currencies supported
- Early investors’ rewards, such as the ongoing $250,000 giveaway and up to a 50% bonus on the tokens bought
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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