Singapore's Blockchain Institute Collaborates with Cardano

Last Updated October 31st 2023
3 Min Read

Key Takeaways -

  • Emurgo, Cardano's driving force, has partnered with the Institute of Blockchain Singapore (IBS) to advance blockchain education globally.
  • IBS's strong educational track record includes training over 2,000 learners from 9 countries, adding significant weight to the partnership.
  • Cardano's ADA price has crossed the crucial 200-day EMA at $0.298, signaling a potential bullish trend for the first time since mid-April.

Emurgo, a foundational pillar in the Cardano blockchain, has formalized a partnership with the Institute of Blockchain Singapore (IBS). This groundbreaking move not only amplifies the global urgency for blockchain education but also fortifies Cardano's commitment to this cause.

Cardano's Expanding Footprint in Singapore

Emurgo, the powerhouse behind Cardano's Web3 capabilities, has formalized its alliance with IBS. The objective is clear: to expedite the adoption and education of Cardano's ecosystem. Emurgo states, "We're thrilled to announce that after meaningful discussions, we've solidified our partnership with IBS. Our joint aim is to elevate education around Cardano."

IBS: A Pioneer in Blockchain Learning

IBS isn't new to the educational landscape of blockchain. Established in 2018, it operates as both a social enterprise and a digital blockchain academy. Their mission centers around the proliferation of blockchain expertise and the accreditation of professionals in the field. Their premier program, the Certified Blockchain Consultant® Credential, validates this commitment.

The Path Forward: What Lies Ahead?

Subtle cues from Emurgo suggest that this newly formed alliance with IBS could very well serve as the initial stepping stone for an array of future cooperative initiatives. This is not just a one-off collaboration but potentially the beginning of a long-term partnership aimed at achieving mutual goals. IBS's existing collaborations with educational powerhouses such as Skillsfuture further unveil the extent of their dedication to education. This commitment is especially noteworthy in the intersecting domains of blockchain technology, finance, and the banking sector.

ADA's Financial Trajectory: A Bullish Shift

ADA's Financial Trajectory: A Bullish Shift

Cardano's ADA is on an upward trajectory. The latest metrics show ADA trading at $0.301, surpassing the critical 200-day Exponential Moving Average (EMA) at $0.298. This year, ADA has only managed to stay above this crucial indicator for a mere five days, making it a significant marker for long-term trends.

If ADA maintains a close above $0.298 today, it could indicate a bullish market, marking its first positive trend since mid-April. The next price targets to watch are the Fibonacci retracement levels at $0.313, $0.341, $0.37, and $0.411, with the year-to-date high at $0.463 as the ultimate goal.

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