Cardano price dips to $0.38 after brief outage

cryptonews12-01

ADA trades lower after a brief network partition as analysts weigh Cardano’s resilience against higher-risk upside in Remittix’s Black Friday presale push. Summary Cardano price suffered a ...

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Core engineers resolved the issue within hours, though the incident added pressure to a token already facing uncertain market momentum.\nCardano price slips alondside other alt-coins over the weekend\nTrading activity has settled at lower price levels, with key support and resistance zones remaining in focus for market participants. Technical analysts monitoring the token indicate that a sustained move above current resistance levels could enable price advancement toward year-end, while failure to break through may result in continued range-bound trading.\nMeanwhile, Remittix, a payments-focused cryptocurrency project, has announced a 200% bonus promotion for its ongoing token presale during the Black Friday period. The project has released a digital wallet application available on the Apple App Store and plans to launch crypto-to-bank payment functionality across multiple countries in December, according to company statements.\nRemittix representatives confirmed the project has completed security audits and Know Your Customer verification procedures. The team also announced upcoming listings on several centralized cryptocurrency exchanges, though specific exchange names and dates were not disclosed.\nMarket analysts note that Cardano represents an established layer-1 blockchain network with multi-year operational history, while Remittix operates as an early-stage project in the payments sector. The two assets present different risk and maturity profiles for potential investors, according to industry observers.\nCardano remains among the largest cryptocurrencies by market capitalization, while Remittix continues its presale phase ahead of broader market availability. Early-stage cryptocurrency projects typically carry higher risk profiles compared to established networks, according to standard investment risk assessments.\nThe November 21 network incident marked a temporary disruption for Cardano, which has otherwise maintained continuous operation since its 2017 launch. The network’s recovery time and engineering response have become focal points for market participants assessing the blockchain’s technical resilience.\nRemittix’s payment platform aims to facilitate direct transfers from cryptocurrency wallets to traditional bank accounts, according to project documentation. The December upgrade represents a key milestone for the project’s stated roadmap and product functionality.\nBoth projects operate in different segments of the cryptocurrency market, with Cardano focused on smart contract infrastructure and Remittix targeting cross-border payment solutions.\n\n\n\n\n\n                Read more:\n            \n\n                Why biometric identification is becoming a core feature of crypto security","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2588874466","isCrawlerRequest":true}