Cardano (ADA-X)  price has plummeted since last September. As of this writing, ADA-USD trades at about $1.3449, down from a high of $3.030 it traded just over three months ago. However, the open-source blockchain ecosystem's first-ever developer app, Revuto has made progress since launching mid-last year. Therefore, with its native token RECU coin scheduled to debut on major exchanges at the end of the week, could it be time to buy ADA?

What is Revuto?

Revuto is the world’s fastest-growing crypto product of 2021 according to the World Blockchain Summit. The app announced Tuesday that its utility token REVU coin will launch this Friday, Jan. 07, 2022, on KuCoin and Gate.io, two of the leading cryptocurrency exchanges.

Revuto is a subscription payments management app that enables users to track their subscriptions to online services, allowing them to timely end payments to services they no longer use.

The developer app is built on the proof-of-stake blockchain network, Cardano (ADA), and will be the first native asset of the platform to launch on major exchanges. In a press release sent to media houses, Revuto said “the process included multiple legal openings for [its] utility token, from top legal firms including both US and EU legislation, with audits being in process and led by the global leader blockchain security.”

When Revuto announced its scheduled listing, Cardano was trading at about $1.30. Therefore, the price has since edged slightly higher in reaction to the press release. However, the price remains significantly low as demonstrated on the chart below, creating an exciting opportunity to buy.

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Could Revuto's launch boost Cardano price?

Revuto is an exciting product that could disrupt subscription payments. The app targets the fintech segment of the blockchain space, where it seeks to bring all subscription payments to a single platform, making it easy for users to cancel subscriptions to products promptly. 

According to the app’s website, Revuto allows users to pay for subscription services like Netflix, Spotify, Dropbox and Apple TV among others on the same platform. 

Therefore, the service extends beyond crypto payments adding more intrinsic value to the REVU coin.

Revuto is the first Cardano-based dApp to launch a mobile wallet and an initial coin offering (ICO). It has achieved record growth since its launch, locking more than 3 million early sign-ups and 300,000 user registrations since August.

From the perspective of ADA investors, it is important that its first dApp be successful, given the fact it is taking on Ethereum, Solana, and others, the behemoths of open-source marketplaces. This will inspire imaginations on how big Cardano could become when more developers embrace its platform for their blockchain projects.

Virtual Debit Cards and Micro-Lending

The application is also preparing to launch its Virtual Debit Cards, which will allow users to pay for their subscriptions with Cardano native tokens. The platform also has plans to launch DeFi services, giving users an opportunity to pay lower for subscriptions than they would, using Fiat currency. Cardano's main rival as a DeFi ecosystem is Ethereum, so again, Revuto's success could go a long way to attracting more developers to the platform, especially given it is a low energy consumption platform.

The platform has also partnered with Skynet Trading, a liquidity provider for cryptocurrency platforms, allowing it to offer institutional-grade liquidity solutions. As a result, Revuto also plans to launch solutions for micro-lending and borrowing, giving it access to the rapidly growing crypto lending market.

The service will also allow Revuto users to provide liquidity to others, in return earnings yield, in a similar way to Nexo (NEXO), which recently introduced non-fungible token (NFT)-backed liquidity solutions. 

Revuto derives its value catalysts from real-world use scenarios, significantly cushioning it from the speculative aspects of the cryptocurrency market. 

Potential Risk of Buying ADA

Although Revuto's business model looks exciting, it is important to note the risks that come with newly issued coins. Several crypto projects have ended up in the infamous altcoin graveyard, and REVU Coin is not exempt from this risk. Therefore, investors should tame their excitement about REVU's chances of boosting ADA price, because a disastrous outcome could slow Cardano's growth as an ecosystem for developer apps.

Conclusion

In summary, although some cryptocurrencies derive their value from speculation, Revuto seems to have feasible catalysts for growth, making it a more cautious option for investors that have not yet bought into the crypto industry. However, this does not exempt it from general market risks that affect the adoption of new coins in the market.

Moreover, its success may not be replicated entirely on the Cardano price because it is only a small part of what could eventually be a large portfolio of developer apps on the platform.