October has brought in a sigh of relief to folks in the crypto industry. From the thunder strikes of September. The market at press time retraced a market cap of $2.1 trillion. However, Cardano has risen about 12% from the past two days.
ADA price at press time is $2.21, with gains of 4.70%. The trading volume for the past 24-hours is up by 40.65%. The blockchain did receive a tremendous response during the summit. Moreover, we can expect, the partnerships to bring fruitful results in the fourth quarter.
‘Green’ Cardano and Its Acceptance
The network has seen impressive collaborations, which will bring impetus to its value and to the network. The partnerships are spread across multiple disciplines. And will help the blockchain network spread its wings across different genres.
The network, Veritree has teamed up with a global land restoration and tree planting verification company. However, the alliance will enable users to donate 15 ADA’s to receive limited edition tree tokens.
One tree will be planted on behalf of the donor with Veritree for the exchange of each ADA. The use of tokens can be for limited edition trees and NFTs on redemption days in 2022.
The partnership with Rival, the leading esports and gaming platform. Will enable the development of agnostic NFT marketplaces, fan rewards, and more. Rival helps sports teams make more money with esports and NFTs. Cardano will see a notable difference with its team up with Rival
The alliance with the fintech arm of Union bank will bring significant value to the network. which has over $15 billion in assets. The partnership will enable UBX to offer a Cardano stake pool. In simple terms, UBX will run a Cardano node. And allow users to delegate to their pool for staking rewards.
The partnership is another crypto project that focuses on digital identities. The collaboration will enable, the network to provide technical guidance to AID:tech. With which they will be able to develop verifiable credentials for trusted identity management and ownership.
The blockchain, Dish Network will help the telecom giant in securing the network (Digital IDs on Boost mobile network). And with loyalty programs.
The partnership will enable the integration of Chainlink price feeds onto the Cardano blockchain. Which will enable Cardano developers to build a variety of De-Fi applications powered by secure oracles.
In addition, Grayscale at present is introducing Cardano to its holders. Further integration of Cardano to the platform can bring exponential thrust to the blockchain. Grayscale is the world’s largest digital currency asset manager.
Moreover, MELD is a decentralized and non-custodial De-Fi banking protocol based on Cardano. Is reportedly partnering with Tingo and UtribeOne. The alliance aims to create a gold-backed stable coin that is backed by artisanal. Sustainably, sourcing gold mining in South America and Africa. This might bring opportunities for staking.
Summing up, the blockchain network has been receiving appreciable acceptance. With the alliance yielding desired results. We can expect the coin to the moon to its target of $10. Hopefully, more organizations will join the league.