Cardano just got stronger with the latest partnership update. Apparently, Cardano ADA has just partnered Metaps Plus, which made it acceptable as a payment method as a part of this South Korean-based payment service. Ranked as the 7th best currency after losing its spot as the 6th currency, affected by the Litecoin vs. EOS battle over the spot as the fifth-best currency, it seems that this is the right time for Cardano to do something about its reputation. This is the case especially at this moment when ADA is going down while trading in the red with the latest change in the market. Let’s see what Meta Plus could bring to Cardano ADA.
Cardano Partners Up with Metaps Plus
Cardano just got a bit stronger by acquiring their latest partnership with Metaps Plus. Metaps Plus is actually a mobile payment service that advocates for the integration of cryptos and digital assets into the active platforms and mobile payment apps.
Metaps Plus is based in South Korea and has welcomed Cardano ADA to its mobile payment service by stating that the initial integration of ADA into their payment system is the first integration of an Asian coin into the mobile payment application.
It is needless to say that ADA very well deserved this partnership, given the fact that Cardano stands for one of the top 10 cryptos. The partnership was announced yesterday on May 9th, and it is presumed that ADA could be easily sky-rocketed by this event, although this still isn’t the case as ADA is currently being traded in the red against the dollar.
The team behind ADA stresses out that this partnership is very important for Cardano, not only because it promotes ADA in the market as a currency worth of being invested in, but also because it broadens the targeted market while widening the accessibility of ADA in the market.
Since Metaps Plus makes up for a South Korean mobile payment service, ADA will now get more accessible to holders in South Korea, which could consequently affect the increase of ADA’s trading volume in the following weeks.
Since there are over billion of downloads of Metaps mobile payment app, it is more than certain that this partnership could have a great impact on ADA’s exposure on the South Korean crypto market.
Metaps is highly praised as the mobile platform that has successfully processed over 10 million transactions with over billion downloads of Metaps payment application. If you add the fact that the South Korean market stands for one of the biggest crypto markets on the global level, it seems that Cardano is in for a massive increase of exposure with this newly acquired partnership.
How is Cardano doing at the Current Moment?
As the great part of the market is going down, ADA can’t seem to pull off a rebound either. At least not smoothly. Besides from acquiring a promising partnership with Metaps only a day ago, on May 9th, we can still see ADA plummeting in the market as it is being traded in the red.
In the course of the last two months, ADA, although partially struck with the market dip that went on for good 4 weeks during the mentioned period of 60 days, managed to collect over 52% of rises against the dollar.
In the course of the period of 30 days, which would mean in April, ADA did more than well by collecting a 100% of rises against the dollar and significantly improving its value in the market.
In the last two weeks, ADA didn’t give up, so it acquired around 15% of rises while trading in the green for a couple of days.
However, we can see it dropping in the course of the last seven days while going down against the dollar by -16% against this fiat currency.
The last seven days were mostly in the sign of the plummeting market, which lasted for a couple of days, with only occasional rises spotted among the trading cryptos. However, it seems that not a single portion of recovery is finding ADA in the market, as Cardano is going down against the dollar on the day of this writing which would be on May 10th.
Following the latest change in the last 24 hours, ADA dropped against the dollar by -3.38%, while it is also dropping against BTC for -2.59%.
After the most recent change in its value, ADA can be currently traded at the price of 0.31$ per one unit, which is still far from its record price of around 1.28$ as set back at the beginning of January 2018.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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