Cardano Foundation hails 13 major partnerships in 2021 as ADA award approaches key level
Cardano Foundation lauds 13 major notable collaborations in 2021, highlighting significant growth for the year. Cardano’s price may approach the critical $1.80 threshold to progress higher.
Concerned about creating value and utility within its ecosystem, the Cardano Foundation has partnered with 13 large organizations, including veritree, ScanTrust, Save the Children NGO, Taurus, HackerOne, the COTI network, Ecoage, Coinfirm, NOWPayments, UBX, Aid Technology and BaiasWine.
The most recent partnership, with Ecoage, was announced on Dec. 22. Eco-Age, a sustainability consulting firm, was the driving force behind the Renaissance Awards, which honor activists from all across the world. Eco-Age decided to switch out the physical statuettes of mainstream award ceremonies with non-fungible tokens (NFTs) and, therefore, partnered with Cardano for NFT creation. The Cardano blockchain was used to create 13 one-of-a-kind works of digital art.
Cardano and Save the Children, one of the world’s leading nonprofits for children, formed a collaboration earlier this year to explore methods to leverage Cardano and the ADA digital token to aid their humanitarian operations in Africa. from the east. Save the Children will create a financial gateway to collect ADA donations directly, without the use of intermediaries, under this agreement.
Cardano (ADA) price action
Cardano (ADA) has been on an impressive seven-day upswing since Dec. 21, rallying nearly 30% from lows of $1.182 to reach highs of $1.594 today. At press time, ADA was exchanging hands at $1.57, up 9.0% in the last 24 hours. With a present market cap of $52,563,324,199.66, Cardano has secured the sixth spot in cryptocurrency ranking, ahead of XRP.
ADA prices have broken above the psychological level of $ 1.50 which is a crucial area of interest, thanks to the current uptrend. The price has now risen for the seventh day in a row and is still overbought with the Relative Strength Index (RSI) rising. Short-term action is expected to remain higher while breaking above the midline of the RSI of 50.
Next month may be quite eventful for Cardano as the average price forecast by end of 2021 remains above $1.50, with established lows of $1.18 since mid-December. Overall, ADA may continue to sustain its upside momentum into 2022.
