Forex

Cardano enters Tanzania to bank the unbanked as ADA price looks to consolidate. Cardano’s IOHK team announced a partnership with World Mobile Group to democratize access to digital, financial and social services in Africa. This move comes after the recent tie-up with the Ethiopian government. ADA price has tested a crucial supply barrier but might undergo sideways movement. Cardano blockchain adoption takes flight after the second major partnership in Africa. ADA price also made headway but failed to follow through and is now bouncing off a crucial support level. Africa embraces Cardano blockchain Input-Output (IOHK), the blockchain research and engineering company behind Cardano, announced a brand new alliance with the World Mobile Group to help bolster Africa’s digital, financial and social services. This deal that utilizes Cardano blockchain comes right after IOHK’s recent collaboration with the Ethiopia’s Ministry of Education to help connect the teachers and students via their Atla PRISM solution. The new announcement will also leverage the same technology but to provide stable internet connectivity using solar-powered energy. Cardano has been breaking barriers when it comes to adoption. The blockchain has also received significant upgrades that have fortified its fundamental value boosting the utility token, ADA’s market value by an egregious amount. ADA price lingers between two crucial barriers ADA price surged nearly 30% in less than four days allowing it to retest the supply zone that extends from $1.35 to $1.39. Although unsuccessful in breaching it, Cardano has found support on an immediate demand barrier that stretches from $1.19 to $1.25. A likely scenario would be to consolidate between the two barriers until one camp overwhelms the other leading to a breakout. If ADA breaches through the supply barrier’s upper trend line at $1.39, it will signal the start of a new uptrend that could propel Cardano price 11% to all-time highs at $1.55.