$22 Million Cardano Moved: Following On Chain Data This Could Be Heading For New Altcoin Remittix

Cardano is back in the limelight with on-chain data that revealed $22 million worth of ADA transferred between wallets. Large transfers usually raise questions about sentiment in the market and where money is heading next. 

Meanwhile, the spotlight is on Remittix as a project that’s on everyone’s radar now, with its presale continuing on a tear even as it moves towards a major product launch.

With a market cap of $29.78 billion and trading volume of $1.2 billion, Cardano (ADA) today stands at $0.8333, up by 2.09% in the past 24 hours. Such transactions reflect how changes in liquidity will motivate holders to consider other upcoming crypto projects that tackle real-world issues in the real world.

As highly regarded as Cardano remains as one of the most well-known blockchains, the new $22 million transfer has opened the door to speculation regarding whether early crypto investment opportunities like Remittix are able to cash in on redirected attention.