{"id":169870,"date":"2023-04-03T11:03:41","date_gmt":"2023-04-03T09:03:41","guid":{"rendered":"https:\/\/www.islabit.com\/en\/?p=169870"},"modified":"2023-09-22T09:14:00","modified_gmt":"2023-09-22T07:14:00","slug":"cardano-ada-update-withstands-resistance-and-opens-new-possibilities-for-evm-smart-contracts","status":"publish","type":"post","link":"https:\/\/www.islabit.com\/en\/169870\/cardano-ada-update-withstands-resistance-and-opens-new-possibilities-for-evm-smart-contracts.html","title":{"rendered":"Cardano (ADA) Update: Withstands Resistance and Opens New Possibilities for EVM Smart Contracts"},"content":{"rendered":"\n<ul class=\"has-background wp-block-list\" style=\"background-color:#8dd2fc78\">\n<li><strong>ADA Price Rises as Whale Buyers Prepare to Overcome Resistance<\/strong><\/li>\n<span hidden class=\"__iawmlf-post-loop-links\" data-iawmlf-links=\"[{&quot;id&quot;:868,&quot;href&quot;:&quot;https:\\\/\\\/coinmarketcap.com\\\/es\\\/currencies\\\/cardano&quot;,&quot;archived_href&quot;:&quot;http:\\\/\\\/web-wp.archive.org\\\/web\\\/20260114183451\\\/https:\\\/\\\/coinmarketcap.com\\\/es\\\/currencies\\\/cardano\\\/&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[{&quot;date&quot;:&quot;2026-02-07 08:20:09&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-02-17 00:45:00&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-02-27 12:32:30&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-03-23 10:08:39&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-03-31 07:44:59&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-04-07 17:47:23&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-04-30 18:57:05&quot;,&quot;http_code&quot;:200}],&quot;broken&quot;:false,&quot;last_checked&quot;:{&quot;date&quot;:&quot;2026-04-30 18:57:05&quot;,&quot;http_code&quot;:200},&quot;process&quot;:&quot;done&quot;},{&quot;id&quot;:869,&quot;href&quot;:&quot;https:\\\/\\\/twitter.com\\\/ali_charts\\\/status\\\/1642665462608834561&quot;,&quot;archived_href&quot;:&quot;http:\\\/\\\/web-wp.archive.org\\\/web\\\/20230410061946\\\/https:\\\/\\\/twitter.com\\\/ali_charts\\\/status\\\/1642665462608834561&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[{&quot;date&quot;:&quot;2026-02-07 08:20:13&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-03-31 07:44:59&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-04-07 17:48:00&quot;,&quot;http_code&quot;:200}],&quot;broken&quot;:false,&quot;last_checked&quot;:{&quot;date&quot;:&quot;2026-04-07 17:48:00&quot;,&quot;http_code&quot;:200},&quot;process&quot;:&quot;done&quot;},{&quot;id&quot;:870,&quot;href&quot;:&quot;https:\\\/\\\/twitter.com\\\/SebastienGllmt\\\/status\\\/1641344133414658051&quot;,&quot;archived_href&quot;:&quot;http:\\\/\\\/web-wp.archive.org\\\/web\\\/20230330202231\\\/https:\\\/\\\/twitter.com\\\/SebastienGllmt\\\/status\\\/1641344133414658051&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[{&quot;date&quot;:&quot;2026-02-07 08:20:17&quot;,&quot;http_code&quot;:200}],&quot;broken&quot;:false,&quot;last_checked&quot;:{&quot;date&quot;:&quot;2026-02-07 08:20:17&quot;,&quot;http_code&quot;:200},&quot;process&quot;:&quot;done&quot;}]\"><\/span>\n\n\n<li><strong>Milkomeda Announces Feature That Will Allow Cardano Users To Access EVM Smart Contracts<\/strong><\/li>\n\n\n\n<li><strong>Cardano becomes one of the main EVM chains and expands its possibilities for Ethereum application developers<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Cardano&#8217;s native cryptocurrency ADA has seen a 50% rise since early 2023 and is <a href=\"https:\/\/www.islabit.com\/en\/169274\/maximizing-roi-in-cryptocurrency-trading.html\" target=\"_blank\" rel=\"noreferrer noopener\">currently trading<\/a> at $0.399 with a market capitalization of roughly $13 trillion, according to <a href=\"https:\/\/coinmarketcap.com\/es\/currencies\/cardano\/\" target=\"_blank\" rel=\"noreferrer noopener\">Coinmarketcap<\/a>. However, as of late, ADA has faced resistance at $0.40 levels. Cardano whales, holding between 1 million and 10 million ADA, have bought 150 million coins worth $57 million over the past month, according to data from IntoTheBlock:<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\">#Cardano<\/a> whales holding 1 million to 10 million <a href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ADA<\/a> have bought roughly 150 million <a href=\"https:\/\/twitter.com\/hashtag\/ADA?src=hash&amp;ref_src=twsrc%5Etfw\">#ADA<\/a> over the past month, worth $57 million, shows on-chain data from <a href=\"https:\/\/twitter.com\/intotheblock?ref_src=twsrc%5Etfw\">@intotheblock<\/a>. <a href=\"https:\/\/t.co\/2ot5U7pUzY\">pic.twitter.com\/2ot5U7pUzY<\/a><\/p>&mdash; Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1642701701500252160?ref_src=twsrc%5Etfw\">April 3, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Resistance at the price levels of $0.40 and $0.42<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cryptanalyst Ali Mart\u00ednez points out that there is a strong selling wall in the price range between $0.40 and $0.42, with a value of $3.85 billion. According to <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1642665462608834561\" target=\"_blank\" rel=\"noreferrer noopener\">Ali Martinez<\/a>, breaking this barrier could trigger a bullish rally for ADA as there is no significant resistance ahead.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1911\" height=\"851\" src=\"https:\/\/www.islabit.com\/en\/wp-content\/uploads\/2023\/04\/resistencia-precio-token-ada-abril-2023.webp\" alt=\"ADA resistance april 2023\" class=\"wp-image-169872\" srcset=\"https:\/\/www.islabit.com\/en\/wp-content\/uploads\/2023\/04\/resistencia-precio-token-ada-abril-2023.webp 1911w, https:\/\/www.islabit.com\/en\/wp-content\/uploads\/2023\/04\/resistencia-precio-token-ada-abril-2023-600x267.webp 600w, https:\/\/www.islabit.com\/en\/wp-content\/uploads\/2023\/04\/resistencia-precio-token-ada-abril-2023-1200x534.webp 1200w, https:\/\/www.islabit.com\/en\/wp-content\/uploads\/2023\/04\/resistencia-precio-token-ada-abril-2023-768x342.webp 768w, https:\/\/www.islabit.com\/en\/wp-content\/uploads\/2023\/04\/resistencia-precio-token-ada-abril-2023-1536x684.webp 1536w\" sizes=\"(max-width: 1911px) 100vw, 1911px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Access to EVM smart contracts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Blockchain and Cardano wallet users will soon be able to access Ethereum Virtual Machine (EVM) smart contracts as Milkomeda, a network that connects other blockchain platforms to EVM contracts, will launch a feature which will allow Cardano users to use EVM contracts directly from any Cardano <a href=\"https:\/\/www.islabit.com\/en\/168951\/what-is-a-cryptocurrency-wallet-and-what-types-are-there.html\" target=\"_blank\" rel=\"noreferrer noopener\">wallet<\/a>.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201c<em>Cardano will be a top EVM chain next month. Milkomeda (Cardano\u2019s EVM layer) is launching a feature allowing EVERY Cardano user to use EVM contracts directly from ANY Cardano wallet All in pure ADA. This will instantly make Cardano one of the largest EVM chains by user count<\/em>\u201d, said <a href=\"https:\/\/twitter.com\/SebastienGllmt\/status\/1641344133414658051\" target=\"_blank\" rel=\"noreferrer noopener\">Sebastian Guillemot<\/a>, CEO of Milkomeda.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Cardano will be one of the top EVM chains next month, instantly becoming one of the largest EVM chains by number of users.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, Ethereum application developers will be able to build on the Cardano blockchain using the Solidity programming language without the need to install new toolkits.<\/p>\n<div style=\"color: ; background-color: #EFEFEF; padding: 10px; border-radius: 10px; border: 2px solid #D48700; font-size: 0.8em;\"><b>Disclaimer:<\/b> The content and links provided in this article are for informational purposes only. islaBit does not offer legal, financial or investment recommendations or advice, nor is it a substitute for the due diligence of each interested party. islaBit does not endorse any investment or similar offer promoted here. Some of the postings may be promoted by interested third parties.<\/div>","protected":false},"excerpt":{"rendered":"<p>Cardano&#8217;s native cryptocurrency ADA has seen a 50% rise since early 2023 and is currently trading at $0.399 with a market capitalization of roughly $13 trillion, according to Coinmarketcap. However, as of late, ADA has faced resistance at $0.40 levels. Cardano whales, holding between 1 million and 10 million ADA, have bought 150 million coins &#8230; <a title=\"Cardano (ADA) Update: Withstands Resistance and Opens New Possibilities for EVM Smart Contracts\" class=\"read-more\" href=\"https:\/\/www.islabit.com\/en\/169870\/cardano-ada-update-withstands-resistance-and-opens-new-possibilities-for-evm-smart-contracts.html\">Read more <span class=\"screen-reader-text\">Cardano (ADA) Update: Withstands Resistance and Opens New Possibilities for EVM Smart Contracts<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":169871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[92,56],"class_list":["post-169870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-altcoins","tag-investment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cardano (ADA) Update: Withstands Resistance and Opens New Possibilities for EVM Smart Contracts - islaBit<\/title>\n<meta name=\"description\" content=\"How Cardano (ADA) Is Dealing With Market Resistance As Whale Buyers Accumulate More Coins? 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