Cardano (ADA) Price Primed For Major Surge As IOHK Targets The Chinese Market

Cardano News Today – IOHK, the firm behind Cardano and the ADA blockchain, has spent a lot of time and energy promoting the adoption of the Cardano blockchain and the ADA token. Per our previous Cardano news, IOHK recently signed an MoU with the ministry of education in the state of Georgia. The goal of the MoU is to ensure the integration of the Cardano blockchain in the educational sector from the primary level to the tertiary level of education. This was a few weeks after they signed one in Ethiopia. Now, IOHK has expressed a desire to penetrate the Chinese market coming one step closer to the global adoption. What does this mean for the Cardano price prediction 2019?

Cardano News Today – Cardano Latest Update – IOHK Target China, What Does This Mean For ADA?

Hainan Province in China has become a hub for emerging tech companies, industries and new models. This is all thanks to its national free trade model that comes with many dividends. Cardano intends to capitalize on this and drive the adoption of the Cardano blockchain in China and globally. Recently, during the Unlocking The New Economy conference that took place in Hainan, IOHK was invited to introduce Cardano to the Chinese market.

While the primary goal is to introduce the Cardano blockchain to the Chinese market, IOHK’s team in China will also be responsible for participating in the latest blockchain discussions with the Chinese researchers, legislatures, stakeholders and researchers. They will host conferences, build networks and exchange ideas with attendees about blockchain technology. Right now, there are over 600 blockchain enterprises in China today and the value of the blockchain industry is going to be worth over 800 million RMB soon. This industry has a 500,000 shortage of employees giving Cardano the perfect opportunity to grow.

Right now, Hainan is the first blockchain test field in China. It has given tech companies the perfect environment to set up by offering them favorable incentives that will allow them to thrive. In return, they will promote technological development in Hainan.

Cardano News Today – ADA News Today – ADA Latest Update – How Will This Drive Adoption For Cardano And ADA – Current Price Of ADA

The Cardano blockchain is one of the most popular in the space. It is also one of the most efficient. With the upcoming Cardano Shelly upgrade, the Cardano blockchain is going to become even better than it current is. However, just like every other blockchain, one of the challenges the blockchain is facing is adoption. It has not been easy to convince people and institutions to leave the current technology and use blockchain. By making a move into the Chinese market, IOHK is promoting the adoption of the Cardano blockchain in one of the best technological hubs in the country.

Cardano (ADA) Price Today – ADA / USD

Name Price24H (%)
Cardano (ADA)
$0.052191
-10.06%

Right now, the price of ADA is struggling to gain momentum against the USD but as stated in our previous Cardano price prediction 2019 and Cardano news, an increase in the adoption of Cardano will lead to a surge in the price of the ADA token. The cryptocurrency may move as high as $50 in the next ten years.

What do you think about the entrance of IOHK into the Chinese market? Will this move drive a surge in the price of ADA? Share your thoughts in the comment section below.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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