Robinhood, a popular crypto exchange, has listed the weekly best performing altcoin projects on its platform. This project attracts the attention of users with its new wallet feature.
Robinhood announces the most active altcoin project of the week
The popular exchange has listed Cardano (ADA) on its weekly top-performing altcoins list and among the top earners. ADA is back on the Robinhood list after about two hiatus. In terms of price performance, the altcoin has gained 10.15% in the last seven days. It also closed March above $0.4070.
There are several factors currently driving Cardano’s bullish momentum. Here are the latest developments in the network…
Cardano’s new wallet feature
Cardano is set to become the largest Blockchain network compatible with the Ethereum Virtual Machine (EVM). The developers plan to integrate a new feature that allows users to access EVM contracts directly from an ADA wallet.
Mikolmeda, a leading Blockchain developer, announced this new upgrade, stating that it will allow users to interact with dApps and smart contract services powered by EVM. Users can easily do this without leaving the Cardano ecosystem. It will also allow Ethereum developers to build Cardano’s network.
Also, transactions and transactions with EVM contracts will use ADA instead of ETH, thus increasing the utility of the token. Milkomeda will also support staking activities for EVM users and integrate on-chain games.
Cardano Foundation CEO meets with British MPs
Frederik Gregaard, CEO of the Cardano Foundation, recently spoke with influential policymakers in London who are interested in the UK’s blockchain future. He described the UK environment as an exciting time for Blockchain.
cryptocoin.com As we have reported, founder Charles Hoskinson predicted that states would adopt Cardano within 10 years.
Gregaard addressed two cross-party committees, focusing on CBDCs and Digital Identity. He noted that to become a global blockchain hub, British policymakers must be ambitious in pursuing goals such as interoperability.
Gregaard finds the London meeting extremely fruitful and looks forward to Cardano’s foundation’s support for Blockchain development in the UK.
Cardano price prediction: How strong is the altcoin relative to its competitors?
ADA is trading in the $0.39-$0.4 range today, holding its gains over the past seven days at around 7%. Recent developments in the network have given investors even more reasons to buy ADA. Cardano’s Moving Average Convergence/Divergence (MACD) is above the signal line and continues to rise, indicating a bullish bias.
However, the RSI is 59.35 in neutral territory and falling. It shows that the bears are still active in the market although they do not have enough pressure to reverse the trend. ADA’s developmental steps will continue to push its rally despite slight price pullback. According to analysts, a break above the $0.4 price level can be expected in the coming days.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.