Why Did Cardano’s Price Plummet 40% After a Surge?

Cardano experienced a significant price drop after briefly exceeding $1, leaving many investors confused. While some attributed the decline to profit-taking, others point to broader market uncertainty and potential vulnerabilities in the project’s technical infrastructure. A new entrant, Remittix, has emerged as a potential beneficiary of this shift, with its focus on cross-border payments and faster settlements. This article explores Cardano’s recent price volatility, analyzes the emergence of Remittix, and examines whether Cardano can regain lost ground in a competitive cryptocurrency market.