Cardano Price Forecast as ADA Pumps Up 50% From Bottom – ADA to $10 Soon?
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The value of the Cardano token, the eighth-largest cryptocurrency with a market capitalization of $13.2 billion, has grown by 45.5% in the past 30 days. However, this growth has slowed recently, with the token currently experiencing only a 0.9% increase in the past 24 hours. Here’s where ADA is headed next.
ADA’s Bullish News Roundup as Cardano Price Gazes Toward $10
Cardano’s use cases as a smart contract platform have attracted the attention of the United Nations High Commissioner for Refugees (UNHCR), which hopes to tap the crypto platform as an alternate approach to supporting unfairly displaced people. Through this platform, the humanitarian organization will innovatively raise funds. With this development, UNHCR will for the first-time use blockchain technology to link other humanitarian communities to achieve a positive impact.
“Adopting the Cardano blockchain is first and foremost a new and innovative way of helping raise funds using staking to support people forced to flee… The opportunity of a stake pool generating rewards enables an even larger community to help make a difference and deliver lifesaving assistance to those most in need,” UNHCR outlined via a blog post.
Although this might seem like purely a humanitarian effort, the Cardano token may benefit as people around the world buy the ADA token for staking purposes. The program allows crypto users to donate while still holding ADA in a smart contract for a period of time.