Interest in Cardano (ADA) is surging as Input Output Hong Kong (IOHK), the development team behind the cryptocurrency, works on real-world applications for the digital asset.
Data from Google Trends, which analyzes the popularity of search queries in Google Search, show that interest in Cardano news is surging over the past few months. It started by the end of January and hit a peak on March 14.
The data also revealed that the country most interested in the sixth-largest cryptocurrency by market cap is the Netherlands, followed by Ireland and Australia.
Partnerships in Africa
IOHK recently unveiled key partnerships in Africa. The company is working with Ethiopia’s Minister of Education for a blockchain-based system that will track student performance in the country’s schools. The project will be rolled out to 5 million students and 750,000 teachers, making it the world’s largest blockchain deployment.
“This partnership is at the heart of Ethiopia’s Digital Transformation Strategy. IOHK has long recognized how developing world countries could uniquely benefit from blockchain, and this deployment is key in our vision for Africa,” IOHK said.
The firm is also bringing blockchain solutions to Tanzania, where it is set to facilitate mobile internet connectivity in rural areas of the country and provide digital identity and financial solutions.
“We’re partnering with @WorldMobileTeam to build a new mobile network to connect the unconnected. Starting in Tanzania, our partnership aims to connect 100,000 people to 5G and implement blockchain-based IDs,” IOHK announced in April.
The price of ADA may double
Analysts think that cryptocurrency will continue to rise. Crypto expert Lark Davis said that he expects the digital asset to surge. He said that this would happen once Cardano rolls out the much anticipated Alonzo upgrade that will enable smart contract functionality in the blockchain. The update will launch in August. Davis said that the price of ADA would likely double leading up to the upgrade.
Cardano is already building a new dedicated team after seeing increased developer interest in the platform ahead of the update.