- Cardano price on pace to close with the largest down day since May 21.
- ADA trading well below the 2018 high of $1.40 and may close at the lowest level since April 26.
- IOG Director of Operations hints at a new government partnership in Africa relating to payments and open finance.
Cardano price had successfully held the 2018 high from May 24 until Saturday’s close below $1.40. Today’s weakness has confirmed the breakdown, and ADA may be beginning a larger decline that could involve a test of the psychologically important $1.00 or even a sweep of the May 19 low of $0.91.
Cardano continues to pursue African partnerships
At the end of April, Cardano developers Input-Output Global (IOG) announced important partnership agreements with the Ethiopian and Tanzanian governments. In the Tanzanian deal, the focus is to build scalable infrastructure together with World Mobile. The objective is to provide mobile internet access to the nation while also offering digital identity to be the basis for economic development.
Earlier this month, John O’Conner, the Director of Operations, tweeted about bringing 1 million more users to the Cardano platform.
Today I wrote a letter to a president, found a million users to bring onto #Cardano, and had a damned good cup of coffee. It's only midday, looking forwards to the afternoon. ♥️ being a part of the @InputOutputHK gang.
— John O'Connor (@jjtoconnor) June 9, 2021