EMURGO— the official commercial arm of Cardano integrates with Travala.com, which helps tourists and travelers to get easy accommodations and allows payments with 28 cryptos and credit cards. The two have come together to benefit crypto investors and HODLers. As the world opens gradually, traveling is also elevated, and the partnership of the two will lead to secure booking of hotels and travel accommodations using Cardano as a mode of Payment.
EMURGO partners with @travalacom. As travel begins to gradually resume, those who need to travel can easily book hotels & travel accommodations worldwide using #Cardano's ADA on https://t.co/e7gWY4jKDk. Announcement and more details inside: https://t.co/rFY5bhRiYP
— EMURGO (@emurgo_io) June 30, 2020
This has led to increasing the use case of ADA, leading to a spike in the price of Cardano due to increased demand. This way, the network is believed to be more secure and decentralized as it becomes recognizable and usable by new and potential investors.
Did you know that the rising price of the $ADA makes the #Cardano network more secure? Moreover, the demand and new users make the #blockchain more decentralized.#PoS improves the network properties with adoption. If Cardano succeeds as a network then stakeholders will profit. pic.twitter.com/FTzK3ahH2I
— Cardanians.io (@Cardanians_io) July 1, 2020
This has eventually led to the success of the network, and even more adoption of Cardano is likely to lead to better network response and big profits to the stakeholders. Moreover, the intraday rise in the price of ADA has led to bullish crossovers of the technical indicators.
Cardano Price Analysis
On the 4-hourly chart, Cardano price is trading at $0.0935 at the press time and has retested yearly resistance at $0.0974 in the intraday, today. With an amazing blow of momentum, the coin has gained over 15% value in less than 24 hours, and with a slight intraday pullback from the recent high, it is still notably above 61.80% Fib Retracement level. ADA is retaining complete support from 50-day and 200-day MA with a blow of volatility on the 4-hourly chart as the 20-day Bollinger Bands widen. Moreover, over the past two weeks, Cardano was maintaining a strong position above 38.20% Fib yet held a flat momentum.
The technicals are bullish than ever as the MACD of ADA is holding a complete bullish crossover and the RSI is well above the overbought region at 71.02 due to increased price and demand.