If there’s any Crypto that’s making frequent headlines right now, it is not other than Cardano. It is a recently published coin. When other altcoins are suffering the odds of a bearish market, Cardano has registered a record 10-day high.
Saturday was a great day for the coin when it finally made it to $0.80, a price that is 55% higher than its lowest level of growth this month.
Cardano’s successful partnership with Globant
Cardano cracked a smart deal with Globant, the public trading organization that has more than a $10 billion market cap.
As a part of the deal, the company would be using the blockchain platform of Cardano. The aim is to set up multiple decentralized apps for customers. This symbiotic relationship will help the Crypto world to follow suit and make more such inroads.
What Do Charts Say?
Source: Tradingiew
The weekly analysis of chart figures shows that Cardano prices are stable despite it being a relatively new old coin. The market suspects that the coin will reach its highest point in March.
Last year, march was a phenomenal month for the coin. As per the 50-week moving average, the same position is supposed to repeat itself, especially when the second phase of Cardano’s Elite wave pattern is about to end.
The traders are also willing to believe that the coin will reach the 61.8% retreatment point at a price point of $2. The projection may turn through within 3 months from now. Let’s see how the market behaves during this time.
