NewsletterCardano Whales Bullish On $ADA Over Upcoming Feature Launch?
Cardano Crypto News: As the crypto market reaped benefits from the US regional bank crisis over last few weeks, several altcoins have been making progress. The Bitcoin price reached its highest level in around nine months, as the US economy continues to grapple with two major concerns – the banking crisis and rising inflation. Meanwhile, whales holding Cardano appear to be anticipating a price rise for $ADA in coming weeks. This comes after Bitcoin price saw a weekly jump by around 6%.
Also Read: Binance CEO CZ Calls For Unity In Crypto Industry Amid FUD Over Rumors
On chain data shows that the Cardano whales with holdings between 1 million to 10 million $ADA continued to fill their bags in recent times. These whales have added around 150 million $ADA over the month of March 2023, worth a total of $57 million. Historically, such a clear buying pattern from the big whales came with a price rise thereafter.
Milkomeda EVM Contracts Access To Cardano Users
The Cardano community is looking forward to the launch of a feature on Milkomeda, Cardano’s EVM layer. This feature will give Cardano users access to Ethereum Virtual Machine (EVM) smart contracts using ADA wallet. Sebastien Guillemot, cofounder of Milkomeda, claims that the feature addition will make Cardano a top EVM chain.
“Milkomeda (Cardano’s 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.”
Earlier, CoinGape reported that ADA price could face resistance level at $0.427 and $0.46 next.
Also Read: Bitcoin Correlation With Gold At Multi-Year High Surpassing US Equities
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