Just two weeks after FD7 Ventures—a cryptocurrency-based investment fund led by Prakash Chand—announced that it was launching a $250 million fund in India geared towards investing in Cardano (ADA) and Polkadot, a recent report by Businesswire revealed that Chand was undertaking another Cardano project in Africa.
In a joint effort with FD7, Ask The Doctor—a global digital health platform that publishes health and wellness content and creates SaaS solutions for medical professionals—has announced that they plan on converting their Ethereum ERC20-based AskToken to Cardano.
Ask The Doctor was co-founded by Dikembe Mutombo and Israel Idonije, two former African sporting stars in the US, to provide seamless and efficient healthcare services in Africa.
The AskToken initiative will get launched in Africa first before getting replicated in other parts of the world.
The press release published by the company yesterday noted that:
“The AskToken plans to address issues like these and overall health and hygiene information in hopes of significantly improving quality of life in Africa and beyond.”
In reciprocity, the company rewards users with a digital currency that can be used to pay for medical services and products when needed.
In other news, Bloomberg recently announced that it plans on adding ADA to its terminal, which means that institutional investors can have exposure to the blockchain project. However, the listing will only use the definition and not the price information.
Key ADA Levels to Watch — March 16
ADA traded on a bearish tone yesterday, following a strong rejection from the $1.2000 resistance. The fifth-largest cryptocurrency is currently trading along a descending channel and risks falling to lower lows amid a drought in trading volume.
That said, ADA has to post a sustained break above the $1.1000 resistance to regain any bullish momentum. Failure to break the $1.1000 resistance will automatically foment a dip to the $0.9000 support (base of our channel).
Meanwhile, our resistance levels are at $0.0600, $0.0650, and $0.0700, and our key support levels are at $0.0550, $0.0500, and $0.0450.
Total Market Capitalization: $1.72 trillion
Cardano Market Capitalization: $33 billion
Cardano Dominance: 1.9%
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