Cardano’s Price Soars: Is It the Next Galactic Currency? 🚀

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In a twist of cosmic fate, Cardano‘s price has decided to rise to a ten-day high, much like a cat that suddenly remembers it can jump on the kitchen counter. This miraculous event coincided with Charles Hoskinson revealing a partnership with Globant, a company that sounds like it could be a character from a sci-fi novel. 🛸

On this fine Saturday, Cardano (ADA) has ascended to the lofty heights of $0.80, which is a staggering 55% increase from its lowest point this month. At last check, its market cap is around $28.5 billion, which is a number so large it could make a mathematician weep with joy or confusion. 🤔

Cardano Partners with Globant: A Match Made in the Digital Cosmos

In a development that could only be described as “mildly exciting,” Cardano’s rise is attributed to the confirmation from founder Charles Hoskinson that they have indeed reached a deal with Globant, a publicly traded company with a market cap that is almost as impressive as the number of stars in the universe—nearly $10 billion. 🌌

According to Hoskinson, this deal will allow Globant to use Cardano’s blockchain to build decentralized applications. Yes, you heard that right! Cardano and Globant are set to launch AI projects and applications, which sounds like a recipe for either great success or utter chaos. 🤖

JUST IN: #Cardano $ADA Founder Charles Hoskinson says “Globant has over 20,000 developers. They’re a huge, publicly traded, multi-billion dollar company. We already signed an MOU with them. Globant will build on Cardano, and we’ll do AI projects and applications with them.” 🇦🇷

— Angry Crypto Show (@angrycryptoshow) February 14, 2025

Globant, an Argentinian company, is like the Swiss Army knife of the digital world, helping other firms build applications, implement artificial intelligence, and other digital solutions. Their top clients include the likes of Walt Disney, Nissan, and Royal Caribbean—because who doesn’t want a cruise ship powered by blockchain? 🚢

As Cardano enthusiasts eagerly await the upcoming meeting between Hoskinson and a VIP on March 1, speculation runs rampant. Who could this VIP be? Perhaps Elon Musk, Donald Trump, or David Sacks, the crypto and AI czar? The possibilities are as endless as the universe itself! 🌌

VIP dinner got moved from the 22nd to the 1st. So the super important meeting is early March now.

— Charles Hoskinson (@IOHK_Charles) February 10, 2025

Cardano fans are crossing their fingers that a meeting with Musk would be a game-changer, as he might advocate for the Department of Government Efficiency (or DOGE) to adopt Cardano’s blockchain. They point to Cardano’s low transaction fees, 100% uptime, and the fact that it is a Made in USA blockchain—because who doesn’t love a good marketing slogan? 🇺🇸

However, one must approach Hoskinson’s statements with a healthy dose of skepticism, as he has a track record of overpromising and underdelivering. For instance, in January, he hinted at a partnership with Chainlink (LINK), but alas, no deal has been announced. 📉

Cardano also boasted about a deal to digitize Ethiopia’s education sector back in 2021, but that seems to have evaporated into the ether like a poorly planned vacation. 🏖️

Cardano Price Technical Analysis: The Crystal Ball of Crypto

The weekly chart reveals that Cardano’s price has stabilized and retested the crucial resistance level at $0.802, its highest point in March 2024. It’s being supported by the 50-week moving average, which sounds like a fancy term for “we hope this works.” 📈

Cardano has now completed the second phase of the Elliot Wave pattern. If this pattern behaves as expected, Cardano will move into the third phase, which is highly bullish—much like a bull in a china shop, but with more finesse. 🐂

If this happens, the next level to watch will be the 61.8% retr

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2025-02-15 17:24