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Cardano (ADA) IOHK signs an MoU with country government of Georgia

  • IOHK to work with Georgia to develop blockchain technology solutions for the Ministry of Education and Science using Atala and Cardano.
  • Cardano has been stuck in a range between $0.0900 and $0.0940 since Thursday.

IOHK, the organization that overlooks the development of Cardano cryptocurrency has entered into a partnership agreement with the government of the country of Georgia. Through the signing of a memorandum of understanding (MoU), IOHK will work closely with Georgia to develop blockchain technology for the several ministries in the country. A tweet by the Cardano Foundation reads:

“IOHK and government of the country of Georgia announce a blockchain technology partnership with the signing of a MoU today. Together, they will explore blockchain-enabled solutions for the Ministry of Education and Science using Atala and Cardano.”

The community of Cardano and IOHK expressed their excitement for the partnership. However, some asked how it benefited Cardano (ADA) as an asset. Above all, this a great for both IOHK and Cardano as well as the entire blockchain industry as it takes cryptos close to government adoption.

In the meantime, Cardano is trading at $0.093 with the upside limited at $0.0940. The widespread gains over the weekend went by unnoticed by Cardano which has been stuck in a range between $0.0900 and $0.0940 since Thursday. A break above the trendline resistance and $0.0940 hurdle is likely to encourage the bulls to increase their entries and pull ADA to the recent highs around $0.0970. On the flipside, retrace from the current value would find support at the rising trendline, $0.0900, $0.0860, $0.0820, and $0.0780.

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