🔥🔥🔥 Berlin Hackathon Ignites Cardano ($ADA ) Rally Potential

The Berlin Hackathon, organized by NMKR, an #NFT​ and asset tokenization service, with support from EMURGO, the Cardano Foundation, and Input Output Global (IOG), could potentially ignite a rally for ADA, the tenth-largest cryptocurrency.

According to a press release by EMURGO, the hackathon aimed to "bring together builders and developers to collaborate, innovate, and kickstart new ideas for Cardano’s Web3 ecosystem." This initiative stemmed from a proposal submitted by Project Catalyst, a decentralized community funding program on the blockchain.

Held in Berlin, Germany, the in-person hackathon offered free registration to anyone interested in building on the Cardano blockchain. Participants did not need a technical background and had the opportunity to join other community members to discuss and demonstrate their ideas.

Solo developers were also encouraged to participate to showcase their work and gain exposure within the community.

The hackathon featured a prize pool in ADA tokens for participants, attracting some of the most prominent figures in the digital asset space who provided feedback and input after witnessing the participants' demonstrations. The event took place from July 26 to July 27 and underscored Cardano's commitment to bringing new use cases and applications to its blockchain.

As of now, the price of ADA stands at $0.4227, with a 2.75% increase in the past 24 hours, according to data from CoinMarketCap. However, the trading volume has decreased by 32.19% to $301 million over the same period. ADA's market cap is $15.17 billion.

The Relative Strength Index (RSI) for ADA is at 52.54, indicating significant buying pressure. Additionally, the gradient of the #RSI line suggests that higher prices are possible in the near future, with a bullish move toward $0.50 being a potential outcome.

Source - coinedition.com

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