• Casper (CSPR) has been trading with a bullish bias since February 1, with bulls raising the price 37%.
• The CSPR price soared to $0.04 as bulls led the market with their eyes set on the $0.055 mark.
• Casper is partnering with Chainlink Labs, Protocol Labs, and Unstoppable Domains in order to increase its offerings worldwide.
Casper Price Soars
Casper (CSPR) has been trading with a bullish bias since February 1, causing the price of the cryptocurrency to rise by 37% so far. In addition, bulls have driven the CSPR price up to $0.04 in hopes of reaching a target of $0.055 in the near future.
Bulls Head The Market
The bullish sentiment surrounding CSPR has caused an increase in trading volume of 169.71% over the last 24 hours amounting to $26.97 million which indicates a strong signal for further gains in price towards its target of $0.055 As of writing this article, CSPR is currently trading at $0.044 after gaining 8% on the last day showing that investors are interested in accumulating the Layer 1 blockchain asset
Partnerships To Drive Adoption
In order to drive adoption and expand its offering worldwide, Casper has recently announced plans to partner with three different networks; Chainlink Labs, Protocol Labs and Unstoppable Domains. These collaborations come as organizations seek out Casper’s network for its predictable fees, ease of migration for existing applications/dApps as well as support and services provided by Casper Labs and its energy consumption model .
Enterprise Blockchain Use Cases
Enterprise blockchain use cases have been highly touted despite seeing far less implementation compared to retail and crypto-native use cases due to enterprises generally having more stringent requirements than retail users when it comes to their technology needs . This is why partnerships such as those formed by Casper are incredibly important for driving enterprise adoption rates higher .