Ethereum (ETH) and Cardano (ADA)are both enjoying mild upticks this week, fueled by fresh adoption news and ongoing user interest. Meanwhile, a new altcoin named Remittix (RTX) priced at $0.0734, with over $14 million raised and 521+ million tokens sold, continues a stunning 4x climb in 2023.
Below, we break down Fidelity’s new Ethereum tokenization move, Cardano’s steady gain in the crypto spotlight and how RTX could outpace them both with its everyday cross-border payment solution.
Ethereum Rallies on Fidelity’s OnChain Tokenization
Etherum at $2,102.82. Source: CoinGecko
Ethereum (ETH) currently trading nearby $2,102.87 is still reigning as a top cryptocurrency. It benefited from news that Fidelity has submitted filings to roll out a tokenized version of its Treasury Digital Fund, called OnChain.
Scheduled to launch on May 30, OnChain will track transactions of an $80 million Treasury bills fund – potentially expanding how traditional finance merges with blockchain. Investors like the idea that major managers (such as Fidelity, BlackRock, Franklin Templeton) are using Ethereum to keep records more transparent, though the official ledger remains off-chain.
Many see this as a milestone for mainstream crypto adoption, reinforcing that Ethereum might stay bullish if more institutions copy Fidelity. Should ETH keep this momentum, some analysts predict a push above $2,500 though market conditions can always shift quickly.
Cardano Maintains Uptrend
ADA at $0.7298. Source: CoinGecko
Cardano (ADA) now trades around $0.7298, slightly higher after earlier performance dips. With ongoing developments including expansions in the network’s smart contract abilities Cardano keeps a stable position among top altcoins.
Recent news from sources like TokenPost show that founder Charles Hoskinson remains focused on improving Cardano’s scalability while pushing for more real-world use. Analysts say these long-term upgrades could help ADA break through tougher price barriers later in 2023 or 2024. Yet the coin must overcome competition from other layer-1 and layer-2 blockchains.
If macro conditions favor altcoins, ADA may keep edging up, though a big bull run might hinge on fresh partnerships or enterprise adoption, something the Cardano community has been hoping to see for quite some time.
Remittix (RTX): 4x Gains This Year
While Ethereum and Cardano hold strong, Remittix (RTX) stands out for its swift, practical growth. Priced at $0.0734, with more than $14 million raised and 521+ million tokens sold, RTX has already delivered a 4x rally in 2023.
Unlike many layer-1 blockchains focused on dApps or staking, Remittix zeroes in on cheaper, faster cross-border money transfers, a huge market. If a small business in Mexico needs to pay a supplier in Canada, Remittix (RTX) can handle that behind the scenes, converting crypto (BTC, ETH etc.) into local currency and sending it to a bank account. This cuts down on wire fees and multi-day waits and it might resonate better with mainstream users than advanced DeFi solutions do.
Analysts say if Remittix lines up e-commerce or payroll deals, daily usage could spike, boosting its token price even further. Since it addresses a trillion-dollar remittance sector, RTX could surpass older coins that rely heavily on hype, rather than everyday adoption.
Conclusion: A Potential Power Shift
Ethereum and Cardano both see mild rallies, aided by Fidelity’s tokenization push and Cardano’s ongoing improvements. However, Remittix (RTX), at $0.0734 with $14+ million raised, offers a direct fix for global remittances that might capture everyday users more quickly.
As traditional finance tokenizes assets on Ethereum and Cardano refines its tech, a grassroots solution like Remittix could quietly steal the show. If more people adopt RTX for affordable money transfers, that 4x climb in 2023 may just be the start of something bigger, potentially overshadowing the modest gains of Ethereum and Cardano in the year ahead.
Ready to Give Remittix a Go?
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
