Cardano (ADA) Weekly Update: Floating over $0.188


In the course of recent weeks, the build-up around Cardano (ADA), has decreased and it is nowhere near what it was in the long stretch of January, this year. ADA soared high on January 04 at a price of 1.11 USD. So far it hasn’t been able to reach that level again but remains steady in the range of 0.193 USD to 0.242 USD without much trouble.

A review of Cardano (ADA) over the week shows ADA at a price of 0.242 USD on May 22.  After which it goes downhill and currently stands at a price of 0.188 USD.  Cardano (ADA) has dropped by 0.054 USD over the week. It is still unsure whether ADA will go upwards or downwards in the coming days.

However, there has been an increase of 4% in the last 24 hours and ADA faces resistance at the 0.188 USD mark. As of now, it stands on the 7th rank with a market cap of 4.9 billion USD.

In other news, Cardano has released the much-awaited KEVM Testnet. K-EVM is a stack-based machine which is an executable form of semantics at the Ethereum Virtual Machine [EVM].

IOHK tweeted, saying:

“First Cardano smart contracts testnet launches today, the KEVM testnet. This is the first time that a complete formal semantics of the EVM have been produced and important first in cryptocurrency that is a step towards building 3rd generation blockchains:  https://buff.ly/2ktR7PR “

The CEO of Cardano, Charles Hoskinson tweeted:

“Yo Dog, I heard you like smart contracts? So we put smart contract in your smart contracts on a blockchain testnet.iohkdev.io/goguen/ Cardano CL’s first testnet has been released”

To prove the complete working of the smart contracts any developer is allowed to take any application that runs on EVM and test it on KEVM. Another Cardano test IELE, will be done in the month of July. It is a new virtual machine which will provide users the liberty to write, compile and execute smart contracts. Furthermore, IELE will have a better security and performance than KEVM Testnet.

 

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