Cardano (ADA) Weekly Update: Resistance at $0.190

Cardano (ADA) Weekly Update: Resistance at $0.190

Cardano is a decentralised public blockchain and cryptocurrency project and is a fully open source. Here is how Cardano (ADA) has performed over the week.

At January 04, ADA soared high at 1.04 USD. So far it hasn’t been able to reach that level again but remains steady in the range of 0.190 USD to 0.234 USD without much trouble.

A review of Cardano (ADA) over the week shows ADA at 0.190 USD on May 29.  From there on it rises and is currently standing at 0.210 USD. Although Cardano (ADA) has increased by 0.020 USD over the week it is still unsure whether ADA will rise or fall in the coming days.

There has been a decrease of 2.23% in the last 24 hours and ADA faces resistance at the 0.190 USD mark. As of now, it stands on the 7th rank with a market cap of 5.5 billion USD.

In other news, Cardano (ADA) has been visiting around Africa with the  #TransformAfrica motive in places like Ethiopia and Rwanda. The group has been regularly updating about the advancement and are drawing nearer to their vision. Cardano (ADA) is one of the few currencies in the space that intends to devise and work for the improvement of the society and particularly underdeveloped areas.

A tweet from Input Output said:

“Vision for #blockchain in #Africa is becoming a reality – Ethiopia and Rwanda are keen to realize the promise of the technology. Read about the recent achievements for #Cardano in Africa on the blog from @jjtoconnor, IOHK Director of African Operations.”

Cardano will be used to deal with the real-world problems of Euthopia and beyond. As agreed by Charles Hoskinson, the founder of IOHK, the plan to introduce Cardano in Ethiopian agriculture is the first of its kind ever in Africa and the training course and hiring plans are first of its kind in Africa.

John O’Connor, the director of African Operations, expressed his gratitude stating:

“I thank the IOHK and Emurgo teams who flew out to be on the ground and help us establish our work.”

Additionally, he said:

“But most importantly, I’d like to thank Yodahe Zemichael from the Science Technology and Information Centre and Dr Getahun Mekuria, Minister of Science and Technology. You have been more agile, proactive, and enthusiastic partners than we could have hoped for. We look forward to working with you.”

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Madhuri Arora
A passionate writer and an avid reader. I love watching action and superhero movies. Love food, music, travel and games.