Cardano (ADA) price was able to register a 5.37% increase in the last 24 hours that allowed it to reach the top 10 once again. This comes after several partnerships that could help increase ADA adoption all over the world.
Cardano Price Surges Over 5%
ADA price was able to register the largest gains among the top 20 after a large number of partnerships and initiatives that have been signed by IOHK. One of the things we can mention about ADA is that it will now be available for staking on the popular eToro platform.
Alongside Tron (TRX), ADA holders will be able to stake their funds and earn monthly rewards on their virtual currencies. This is one of the first platforms besides the largest exchanges such as Coinbase and Binance, to offer users the possibility to stake ADA coins.
In this way, ADA supporters will be able to participate in the Cardano network and earn rewards for doing so. Rewards will be distributed among users automatically once they are available.
In addition to it, the United Nations announced a new partnership with IOHK in order to use Cardano’s technology to help to fulfil the development goals proposed by the United Nations. This is part of the 75th anniversary of the United Nations and the new project will be a catalyst to vote on proposals that are able to meet the United Nations’ Sustainable Development Goals.
Cardano’s Project Catalyst will be very useful for the United Nations because it will allow them to process voting proposals. This treasury system will be promoting the democratic culture in the Cardano ecosystem and it will also become a key part of the entire network. It is worth taking into consideration that stake pool rewards will also be helping to refill the Cardano treasury.
Finally, IOHK has a large number of initiatives for the Cardano ecosystem that could be used to improve the entire blockchain network. Charles Hoskinson, the founder of Cardano said during an AMA that there will be new releases this month and that they are working in projects like the identity centre, a voting centre and a QR centre, among other things.
In addition to it, Hoskinson stated he is really excited about the decentralized finance (DeFi) market. This is why he stated that there are several projects that could be working with the Cardano network in the future, including CBDCs.