- Cardano founder Charles Hoskinson aims to finalize a formal partnership with World Mobile ($WMTX) as its second partner chain.
- World Mobile boasts 1.3 million daily active users and seeks to decentralize the telecom industry using blockchain.
- Cardano’s price shows bullish signs, breaking out of a descending wedge pattern with targets at $1.2797 and $1.4853.
Cardano and World Mobile (WMTx) are reportedly eyeing striking a deal, sparking major buzz. Founder Charles Hoskinson recently stated they are in the process of “finalizing some formal relationships.” He envisioned World Mobile to be the second partner chain to the blockchain, next to its other project, Midnight.
I’d like for the second partner chain to be World Mobile. It’s next in line right after Midnight. We’re working in that direction.”
This comes as World Mobile Team hit 1.3 million paying Daily Active Users (DAUs) since its inception in 2018. World Mobile Chain operates on multiple chains like Ethereum, Cardano, BNB Chain, and even the new ones like Base. The project aims to transform the traditional telecom industry by replacing its centralized and outdated infrastructure with a blockchain-based, decentralized connectivity solution.
Overall, Hoskinson’s statement indicates that both Cardano and World Mobile are seeking a deeper and more integrated relationship. While there are no specific details regarding the collaboration, industry insiders suggest this partnership could lean towards technical integrations, bridging ecosystems, or other mutual efforts that would benefit both parties and their respective communities.
Technical Analysis Points to Cardano’s Upswing
Either way, this is a huge step towards a closer collaboration between two leading entities in the blockchain space that could leave a long-lasting impact on growth and boost the utility of both Cardano and World Mobile.
On the price front, Cardano has overcome its downturn to flash bullish signs. In the 1-day chart, ADA has officially broken out of its descending wedge pattern, typically a bullish signal.
As seen in the above chart, the token’s price has firmly held the major support zone and is now showing signs of strength and upward momentum. Analyst Justin Wu provides potential price targets (T1 and T2): T1: $1.2797; T2: $1.4853. As price moves upward, traders might watch out for these levels.
