The price of Cardano rose at a ten-day high level, as most Altcoin rebound, and Charles Hoskinson unveiled partnership with the globant.
Cardano (ADA) rose to $ 0.80 on Saturday, increased by about 55% from its lowest level this month. In the final check, its market cap is about 28.5 billion dollars, with a completely thin assessment of $ 35.7 billion.
Cardano partner with globant
Even after confirming the founder Charles Hoskinson, Cardano also emerged that he had reached a deal with the globant, which was publicly trading company with a market cap of about $ 10 billion.
Hoskinson said that the deal would use the blockchain of Cardono to the company to manufacture decentralized applications. Cardano and Globant will launch AI projects and applications in the near period as part of the deal.
Globant is an Argentine company that helps other firms to create applications, apply artificial intelligence and other digital solutions. Its top customers are firms like Walt Disney, Nissan and Royal Caribbean.
The announcement was made as awaited for the upcoming meeting between Hosinson and a VIP on 1 March among the enthusiasts of Cardano. He did not say who will be the VIP person, but fans suspect that it may be Elon Musk, Donald Trump, or David Sachs, Crypto and AI Caesar,
Cardano fans hope to have a meeting with Kasturi game changer Since it will make a case for the government’s efficiency or Dogi department to use the blockchain of Cardano. These fans indicate a low transaction fee of Cardano, 100% uptime, and the fact that it is built in USA blockchain,
However, Hoskinson’s statements should be taken with a salt grain as they have a record of overpromizing and underdalliveing. For example, in January, he indicated a chainlink partnership, but a deal has not yet been declared.
Cardano also revealed a deal digitize The education sector of Ethiopia in 2021, but it has not become physical.
Cardano price technical analysis
The weekly chart suggests that the cardano value has stabilized and retain the significant resistance level at its highest point in March 2024 at $ 0.802.
It is supported by the 50-week moving average.
Cardano has now completed the second phase of the Elliot Wave Pattern. If the Elliot Wave Pattern works out, the cardano will run in the third stage, which is soon very fast.
If this happens, the next level of view will be 61.8% retracement point at $ 2, which is about 155% above the current level.
