Cardano (ADA) has leveraged the bull trend in which cryptocurrencies are in order to reach the top 10 and move forward with a new massive partnership. Cardano has almost surged 14% in the last 24 hours and it has hit a market valuation of $1.33 billion. In a recent live stream, Charles Hoskinson, the CEO of IOHK, informed that they have signed a new partnership with PwC.
Cardano Reaches the Top 10
According to Mr. Hoskinson, a key figure in the development of Cardano, PwC will consolidate information from IOHK, the Cardano Foundation and Emurgo in order to build a commercial strategy for the blockchain project.
Although it can pass some more time until the full details are unveiled, PwC will be working so as to promote Cardano adoption around the world and to expand its usabilities among mainstream businesses from all over the world.
PwC is known to be as one of the big four accounting companies along with Deloitte, EY and KPMG. The firm is also the second largest professional services firm network in the world. That means that the impact this partnership could have on Cardano is massive. Cryptocurrencies have yet to reach mass adoption and this new agreement could be just the beginning of new and exciting partnerships in the crypto market.
Cardano has also recently launched its incentivized testnet network that was able to attract a large number of users that wanted to stake their ADA virtual currencies. At the same time, they have been encouraging and supporting a healthy stake pool ecosystem by delegating around 1.1 billion ADA across several community pools.
At the time of writing this article, ADA is being traded around $0.0511 and it has a market valuation of $1.33 billion. The next virtual currency is Ethereum Classic with a market cap of $1.24 billion.
Bitcoin (BTC), the largest crypto in the market has also massively expanded in the last hours. The most popular virtual currency was able to surpass $9,000 a very important level for the digital asset. Not only this, but it was able to sustain ADA price for some hours, meaning that we may be creating a new support level around $9,000.
Bitcoin is expected to be halving in May this year, something that could have a big impact on the whole market and the prices of digital assets in the space.