• 16 July, 2024
News

Cardano Joins Merchadise Inc. and Epoch Sports for Lacrosse Jerseys

Cardano, the blockchain platform known for its secure and scalable infrastructure, has joined forces with Merchadise Inc. and Epoch Sports to unveil a special line of lacrosse jerseys during the highly anticipated 2023 World Lacrosse Men’s Championship. This collaboration highlighted the technical partnership between Cardano and the renowned sports brands, solidifying the platform’s growing presence in the sports industry.

Cardano Foundation shared a Twitter  post providing insights on the exciting announcement from ADA: 

The distribution of commemorative lacrosse jerseys during the championship event highlighted the successful incorporation of blockchain technology into sports merchandise authentication. Through the utilization of the Cardano blockchain, every jersey receives a unique authentication, ensuring fans and collectors that they possess authentic, limited-edition memorabilia.

The collaboration between Cardano, Merchadise Inc., and Epoch Sports represents a major milestone in the transformation of sports merchandise authentication and trading. Through harnessing the transparent and unalterable characteristics of blockchain technology, Cardano guarantees the authenticity and origin of every jersey, providing protection against counterfeit items and greatly improving the fan experience.

Through this technical collaboration, Cardano showcases its dedication to driving real-world adoption and delivering tangible advantages to industries beyond traditional finance. The World Lacrosse Men’s Championship serves as a global platform to demonstrate the capabilities and versatility of Cardano’s blockchain technology.

With its secure and scalable infrastructure, Cardano provides a robust foundation for sports brands and organizations seeking to enhance trust, transparency, and security in their merchandise offerings. By leveraging the unique capabilities of the Cardano blockchain, Merchadise Inc. and Epoch Sports have set a new standard in sports collectibles, enabling fans and enthusiasts to own authenticated memorabilia with confidence.

As the excitement builds for the 2023 World Lacrosse Men’s Championship, the collaboration between Cardano, Merchadise Inc., and Epoch Sports stands as a testament to the ever-expanding role of blockchain technology in revolutionizing various industries. Cardano’s technical prowess and commitment to innovation continue to shape the future of sports memorabilia authentication, setting a precedent for seamless integration between blockchain and the world of sports.

Today’s Cardano price analysis revealed that the bearish pressure intensified, causing the market value to plunge. The ADA/USD pair is currently at $0.281, down by 4.11% from the opening price of $0.282. The pair has been trading within the bearish channel for most of today, with the lower boundary near $0.2771, with more selling pressure expected in the short term.

Source: Coin market cap

The market capitalization for the token has also decreased significantly to  $9.85 billion, with a decrease of 3.5% from the previous day’s close.  However, the trading volume remains steady, around $279 million. This indicates that there is still some buying pressure in the market, which could help lift the price out of its current bearish trend. The circulating supply is now 34,957,612,525 ADA.

Source: Tradingview

The Relative Strength Index reflects the underlying bearish sentiment for ADA/USD. The RSI is currently at 44.28, just below the neutral level of 50. The Average Directional Index (ADX) is also at a low value of 10.57, showing a bearish pressure. The MACD indicator shows that the token is currently trading in negative sentiment with a signal line at -0.0089 and a MACD line at -0.0063. The 20-EMA is currently below the 50-EMA, which is another indication of the bearish pressure.

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