UNHCR Taps Cardano Blockchain Platform: ADA Token Gains 45.5% in 30 Days
• The United Nations High Commissioner for Refugees (UNHCR) has tapped Cardano’s blockchain platform to raise funds for unfairly displaced people.
• The program allows crypto users to donate while still holding ADA in a smart contract for a period of time.
• The Cardano token has seen a 45.5% increase in the past 30 days.
The past few weeks have been an exciting time for the Cardano token, with the cryptocurrency seeing a 45.5% increase in the past 30 days. This impressive growth has been driven by news that the United Nations High Commissioner for Refugees (UNHCR) is tapping Cardano’s blockchain platform in an effort to raise funds for unfairly displaced people.
The UNHCR is hoping that this new approach to supporting those in need will be a success, and they are looking to Cardano as the perfect platform to do so. Through this initiative, the humanitarian organization aims to innovatively raise funds by utilizing the Cardano blockchain for staking purposes. This means that crypto users will be able to donate while still holding their ADA tokens in a smart contract for a period of time.
Not only does this program have the potential to help those in need, but it could also benefit the Cardano token itself. As more people around the world buy the ADA token for staking purposes, the price of the cryptocurrency could see further gains. Plus, the positive sentiment surrounding the project will only further drive the price of ADA up.
It is clear that the recent pump of the Cardano token has been driven by news of its partnership with the UNHCR. With this in mind, it is likely that the price of ADA will continue to rise in the near future. Currently, the Cardano token has a market capitalization of $13.2 billion and is the eighth-largest cryptocurrency. With all of this in mind, it is very possible that the Cardano token could reach the $10 mark soon.