As August comes to a close, crypto markets are showing mixed signals. Recent trading in VeChain (VET) and Cardano (ADA) has drawn attention from market participants, alongside broader discussion about network activity and liquidity.
Some market commentary has focused on large-cap tokens such as VET and ADA. However, short-term price moves, staking participation, and technical indicators can change quickly and do not indicate future performance.
VeChain Price Gains Momentum Amid High Trading Volumes
VeChain’s native token rose about 4% over the past 24 hours, with VET trading near $0.0259 at the time of writing. Reported trading volume increased sharply over the same period. The token also moved above a prior downtrend line around August 10, based on commonly used charting approaches.
On-chain metrics cited by the project and third-party trackers include staking participation via StarGate and a reported count of active wallets. Project materials also reference VTHO burns and staking yields (sometimes advertised as reaching up to 9% APY), though such figures can vary by program conditions and are not guaranteed.
VeChain has also pointed to regulatory and partnership developments in recent communications. As with similar announcements across the industry, their market impact is uncertain and can depend on implementation details.
Some technical analyses describe a rising channel and discuss possible price ranges, but these scenarios are speculative. Traders commonly monitor nearby resistance around $0.02696 and support around $0.02480, though such levels can be invalidated quickly by volatility.
Cardano News Highlights Rising Transaction Volumes and Network Activity
Cardano has been trading above recent support zones, with ADA near $0.88 after an approximately 2.9% daily move at the time of writing. Commentary about institutional activity has referenced inflows and total holdings figures, though these estimates depend on the data provider and methodology used.
On-chain activity and network usage are often cited as indicators of adoption, but they do not directly translate to price outcomes. Some analysts point to a demand zone near $0.84 and discuss potential upside scenarios such as a move toward the $1.20–$1.30 area; these are projections, not forecasts.
Technical patterns are also used by some traders to interpret trends, such as higher lows that may indicate accumulation. Reports have additionally noted higher transaction volumes and relatively low fees (sometimes cited as below $0.25), though these metrics fluctuate with network conditions.
Derivatives indicators such as futures open interest can reflect increased participation, but they can also amplify risk. Macro developments, including potential Federal Reserve policy changes, may influence broader market sentiment, though outcomes are uncertain.
RTX and Remittix: project overview
The Remittix project says it is building a payments-focused platform that would allow conversion between crypto assets and multiple fiat currencies. The project frames this as relevant to cross-border payments, which can be costly and slow in some corridors. Any real-world performance, availability, or coverage would depend on compliance, liquidity, partners, and execution.
- Project materials describe a wallet and payment flow intended to give users control over funds while supporting privacy features.
- The team states it intends to support transfers to local payout partners, including in less-served locations, subject to operational constraints.
- The project positions itself within a broader “PayFi” narrative combining crypto payments with traditional rails.
- The project reports that over 624 million RTX tokens have been sold as part of its fundraising/token sale activity.
According to the project, the Remittix Wallet is scheduled to enter beta testing on September 15th, 2025.
The team has also described a $20 million fundraising milestone and said it plans a centralized exchange listing; it has referenced BitMart in this context. Listing timelines and outcomes can change and should be treated as unconfirmed unless verified independently.
Project links (for reference):
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. This article is for informational purposes only and does not constitute financial or investment advice.
