With the ADA price approaching a critical level, the Cardano Foundation is celebrating 13 great partnerships they made in 2021.
The Cardano Foundation commends the 13 important collaborations they made in 2021 and underlines that there has been significant growth for this year. In light of these, it is thought that Cardano price may approach the $1.80 threshold before pushing higher.
Only this year, Cardano Foundation, in order to create value and benefit in its ecosystem; It has collaborated with 13 major organizations 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) December 27, 2021
The most recent partnership, the Ecoage Cardano Foundation partnership, was announced just 5 days ago, on December 22. Eco-Age, a sustainability consulting firm, was the driving force behind the Renaissance Awards, which honor activists from around the world. Eco-Age has decided to replace the physical figurines of mainstream awards ceremonies with non-fungible tokens (NFTs) and therefore has partnered with Cardano for their NFT creation plans. 13 one-of-a-kind digital artworks have been created using the Cardano blockchain.
Save the Children and Cardano, one of the leading international nonprofits for children, formed a collaboration earlier this year to explore ways to use the Cardano and ADA digital token to assist humanitarian operations in East Africa. As part of this agreement, Save the Children would create a financial gateway to collect ADA donations directly without intermediaries.
Cardano and Save the Children, one of the world’s leading nonprofits for children, formed a partnership earlier this year to explore ways to use the Cardano and ADA digital token to support humanitarian operations in East Africa. As part of this agreement, Save the Children will create a financial gateway to collect ADA donations directly without intermediaries.
Cardano (ADA) Price Action
Cardano (ADA) has recorded an impressive seven-day gain since Dec. 21, gaining nearly 30 percent from its low of $1,182 to as high as $1,594 today. At the time of writing, ADA is trading at $1.56, up over 6% in the last 24 hours. With the current market cap of $49,935,205,904, Cardano ranks sixth ahead of XRP in the top 10 cryptocurrencies rankings.
Cardano (ADA) The price broke above a psychological resistance of $1.50, which is a crucial area of interest thanks to the current uptrend. The price rose for the seventh consecutive day and entered an overbought trend as the relative strength index (RSI) rose. Short-term price action is expected to remain higher as long as the RSI is above the 50-point middle line.
Next month is expected to be quite hectic for Cardano as the average price forecast for the altcoin remains above $1.50 by the end of 2021 and ADA has settled into lows of $1.18 since mid-December. Overall, ADA can continue to maintain its upward momentum through 2022.