October has brought a sigh of relief to those in the cryptocurrency industry. From the September thunderclaps. At press time, the market had retraced a $2.1 trillion market cap. Cardano, on the other hand, has risen about 12% in the last two days.
At press time, the ADA price was $2.21, up 4.70 percent. The trading volume over the last 24 hours has increased by 40.65%. During the summit, the blockchain received a tremendous response. Furthermore, we anticipate that the collaborations will bear fruit in the fourth quarter.
Acceptance of ‘Green’ Cardano
The network has seen impressive collaborations, which will boost its value and the network’s value. The collaborations span multiple disciplines. And will assist the blockchain network in spreading its wings across various genres.
Veritree has partnered with a global land restoration and tree planting verification company. The alliance, on the other hand, will allow users to donate 15 ADA in order to receive limited edition tree tokens.
For each ADA exchanged, one tree will be planted on behalf of the donor by Veritree. Tokens may be used for limited edition trees and NFTs on redemption days in 2022.
The collaboration with Rival, the world’s leading esports and gaming platform. Will allow for the creation of agnostic NFT marketplaces, fan rewards, and other features. Rival assists sports teams in increasing their revenue through esports and NFTs. Cardano’s collaboration with Rival will make a significant difference.
The collaboration with Union Bank’s fintech arm will add significant value to the network, which has over $15 billion in assets. The collaboration will allow UBX to offer a Cardano stake pool. In layman’s terms, UBX will host a Cardano node. Allow users to delegate staking rewards to their pool.
The collaboration is yet another crypto project centered on digital identities. As a result of the collaboration, the network will be able to provide technical assistance to AID:tech. They will be able to create verifiable credentials for trusted identity management and ownership using this technology.
The Dish Network
Dish Network will use blockchain to assist the telecom giant in network security (Digital IDs on Boost mobile network). Also, loyalty programs.
The collaboration will allow Chainlink price feeds to be integrated onto the Cardano blockchain. As a result, Cardano developers will be able to create a wide range of De-Fi applications powered by secure oracles.
Furthermore, Grayscale is currently introducing Cardano to its holders. Cardano’s continued integration into the platform has the potential to give the blockchain an exponential boost. Grayscale is the largest digital currency asset manager in the world.
MELD is also a Cardano-based decentralized and non-custodial De-Fi banking protocol. Is said to be working with Tingo and UtribeOne. The alliance’s goal is to develop a gold-backed stable coin backed by artisanal. Sourcing gold mining in South America and Africa on a long-term basis. This could open up opportunities for staking.
To summarize, the blockchain network has gained widespread acceptance. With the alliance producing the desired results. We can expect the coin to skyrocket to its target price of $10. More organizations should join the league, hopefully.