The Dubai police department has announced a partnership with the Cardano Foundation, aiming to leverage blockchain technology to strengthen security measures. During the World Police Summit held in Dubai, the region’s police department revealed its innovative new project to share vital information from criminal investigations with international counterparts.
According to the Dubai Police, the partnership with Cardano ensures data integrity and fosters transparency. The partnership will enhance the efficacy of data sharing and security protocols. Moreover, the partnership further highlights the use of blockchain technology in various facets of human life.
Also Read: Cardano vs. Ripple XRP: Which Cryptocurrency Will Hit $1 First?
Will Cardano (ADA) benefit from the partnership?
Cardano (ADA), following the market trend, has seen a significant price spike over the last few days. ADA’s price is up by 7.4% in the weekly charts, 20.5% over the 14-day charts, and nearly 40% over the previous week.
Also Read: Cardano (ADA) Could Hit All-Time High of $3.10: Here is When
With Bitcoin (BTC) hitting a new all-time high and quickly approaching its halving cycle in April, there is a possibility that Cardano (ADA) will continue its bullish trajectory. According to CoinCodex, ADA could hit the $0.80 mark on Mar. 28, 2024, a rise of about 6.6% from current levels. However, the platform anticipates a correction soon after ADA hits $0.80.
Changelly also anticipates Cardano (ADA) to breach the $0.80 level, predicting a price of $0.848031 on Mar. 26, 2024. Hitting $0.848031 from current levels would translate to a growth of about 13%. However, Changelly also anticipates a correction for ADA after surpassing the $0.80 level. Furthermore, the platform predicts ADA’s price to enter a bearish phase from April.
However, if Bitcoin (BTC) continues its bullish trajectory, we may see another rally for ADA.