The Cardano price reaches a crucial point
The Cardano Foundation looks back positively on the year 2021, in which it collaborated with 13 major organizations. That highlights a tremendous growth of the ecosystem. It is clear that 2021 has been a good year, but it can...
The Cardano Foundation looks back positively on the year 2021, in which it collaborated with 13 major organizations. That highlights a tremendous growth of the ecosystem. It is clear that 2021 has been a good year, but it can be a lot nicer for ADA investors. The price is getting closer and closer to the crucial level of $1.80.
13 major partnerships
The Cardano Foundation thus collaborated with 13 major organizations this year, including veritree, ScanTrust, Save the Children NGO, Taurus, HackerOne, COTI network, Ecoage, Coinfirm, NOWPayments, UBX, Aid Technology and BaiasWine.
🤝Some of our biggest accomplishments of 2021 lie within our remarkable partnerships formed throughout the year! @veritree_ @ScanTrust @save_children @Hacker0x01 @taurus_hq @COTInetwork @ecoage @Coinfirm_io @NOWPayments_io @UBXph @aidtechnology @BaiasWine pic.twitter.com/vjGqHm9hWW
— Cardano Foundation (@CardanoStiftung) Dec 27, 2021
The most recent partnership, with Ecoage, was announced on December 22. Eco-Age, is a consultancy in the field of sustainability. The company was also the driving force behind the Renaissance Awards. Eco-Age decided to exchange the physical figurines of regular award ceremonies with non-exchangeable tokens (NFTs) and so it partnered with Cardano to create NFTs. The Cardano blockchain was used to create 13 unique digital artworks.
Cardano and the charity Save the Children also partnered earlier this year to explore methods to use Cardano and ADA’s digital token to support their humanitarian operations in East Africa. As part of this agreement, Save the Children will create a financial gateway to collect ADA donations directly, without going through intermediaries.
The positivity around Cardano is back
Cardano’s ADA token has been struggling for a while, but the positivity around the coin seems to have returned. Since December 21, the share price has risen by almost 30%. At the time of writing, the price is around $1.57, meaning the price is up 9 percent today.
The ADA price has risen above the psychological level of $1.50, which was a crucial area. A break above $1.58 seems likely to cause the ADA price to break out on a bearish channel. This makes a rapid price increase towards $1.80 possible. A breach of the $1.80 mark would be completely positive. The next resistance level is only around USD 2.00.
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