- Bitcoin stays above $28,000, smaller projects record increases
- Among altcoins, Cardano records record highs
- Growth is fueled by the prospect of Cardano's integration with the Ethereum Virtual Machine
The Ethereum Virtual Machine is a place for developers to build decentralized applications. The new feature is expected to allow Ethereum developers to create projects on the Cardano network using the Solidity coding language used on Ethereum Solidity. Without installing new tools or learning another programming language.Thanks to a new feature provided by Milkomeda, Cardano holders may soon be able to access Ethereum Virtual Machine (EVM), directly from their digital wallets. Investors positively welcomed the information about the potential expansion of the Cardano blockchain utility. This information was confirmed yesterday by Sebastien Guillemot, CEO of Milkomeda. Additional features are expected to include rewards for so-called staking and the construction of smart contracts on the Ethereum decentralized system (EVM). According to Guillemot, rewards for staking from Cardano's digital products built on Milkomeda will be automatically paid, every 5 days.
Cardano chart, D1 interval. The price has overcome short-term resistances approaching a test of the local peaks of mid-February 2023, at $0.42. The SMA100 average (black) is wrapping upwards and if the bulls maintain momentum it will be possible to cross the SMA200 from below, called in AT a bullish 'golden cross' formation. The formation could signal a change in trend. However, if resistance holds back the bulls the first important support should be sought at $0.35, which is set by the SMA200. Source: xStation5
