ADA is trading lower after a brief network split as analysts assess Cardano’s resilience in the face of higher upside risk during Remittix’s Black Friday presale.
Summary
- Cardano price suffered a mainnet partition on November 21 related to a faulty delegation transaction, which engineers resolved within hours, but ADA remains at lower levels.
- Remittix is offering a 200% Black Friday pre-sale bonus, launched an iOS wallet, completed audits and KYC, and is planning crypto-banking payments in December as well as CEX listings.
- Analysts say Cardano is a mature layer 1 with a large-cap profile, while Remittix is an early-stage, higher-risk payment token, reflecting very different risk-reward setups.
Cardano’s native token ADA continues to trade at lower price levels following a brief network outage on November 21, according to market observers who track the layer 1 blockchain.
The Cardano (ADA) network experienced a temporary mainnet partition related to a faulty delegation transaction, according to reports from the project’s engineering team. Lead engineers resolved the issue within hours, although the incident added pressure on a token already facing uncertain market dynamics.
Cardano price slides alongside other alt coins over the weekend
Trading activity stabilized at lower price levels with key support and resistance areas remaining the focus of market participants’ attention. Technical analysts monitoring the token indicate that a sustained move above current resistance levels could allow price progression towards the end of the year, while failure to breakout could result in continued trading within the range.
Meanwhile, Remittix, a payments-focused cryptocurrency project, announced a 200% bonus promotion for its ongoing token presale during the Black Friday period. The project has released a digital wallet app available on the Apple App Store and plans to launch a crypto-banking payment feature in several countries in December, according to company statements.
Remittix representatives confirmed that the project had conducted security audits and Know Your Customer verification procedures. The team also announced upcoming listings on several centralized cryptocurrency exchanges, although the specific names and dates of the exchanges were not disclosed.
Market analysts note that Cardano represents an established layer 1 blockchain network with a multi-year operational history, while Remittix operates as an early-stage project in the payments industry. The two assets present different risk and maturity profiles for potential investors, according to industry observers.
Cardano remains one of the largest cryptocurrencies by market capitalization, while Remittix continues its pre-sale phase ahead of wider market availability. Early-stage cryptocurrency projects generally have higher risk profiles than established networks, according to standard investment risk assessments.
The November 21 network incident marked a temporary disruption for Cardano, which has otherwise maintained continuous operation since its launch in 2017. Network recovery time and technical response have become focal points for market participants assessing the technical resilience of the blockchain.
Remittix’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 features.
Both projects operate in different segments of the cryptocurrency market, with Cardano focusing on smart contract infrastructure and Remittix targeting cross-border payment solutions.
