IOHK’s ‘KEVM’ Devnet To Allow Devs To Deploy Ethereum-Based Apps On Cardano

Cardano and IOHK are making headlines again following the latest exciting annocuement. Check it out below.

Our ‘KEVM’ devnet will allow developers to deploy existing or future Ethereum-based applications on #Cardano, so over 140,000+ smart contracts will be compatible with the Cardano blockchain

— IOHK Media (@IOHKMedia) December 3, 2020

IOHK continued and said: “The ‘IELE’ devnet will be the first large scale beta test to allow non-blockchain developers to start to build smart contracts on Cardano, without the need to learn a blockchain-specific programming language!”

A follower posted this message: “I am amazed! What you guys are doing is simply amazing. Congratulations!”

As you can see, the feedback received was amazing.

ADA in the crypto market

Regarding the price of the ADA coin, at the moment of writing this article, the digital asset is trading in the green, and the coin is priced at $0.161510.

ADA is up by more than 2% in the past 24 hours.

There have been all kinds of optimistic predictions about the price of ADA these days.

Check out this new price prediction for the digital asset.

#Cardano to $21 in 2021? Looking back at ETHs run up in 2017 it's certainly possible, and a nice number! If $ada performs HALF as well as ETH did we are looking at a $10 ADA price, even a QUARTER as well puts us at over $5. DON'T SELL TOO SOON. DON'T SELL ALL. Plus… pic.twitter.com/4wqJ30NBrA

— Cardano Buzzin Buzz (@CardanoBuzz) December 1, 2020

The feedback for this prediction came right away from the community.

Someone said: “Look, I want this to happen so bad, but I just don’t see it being possible. Not looking at price, I’m looking at mcap. Where should all of this money come from? Certainly not from retail investors. Overall interest is still low (look at Google trends) and institutional investors.”

Another follower posted this: “Certainly possible, I suppose the only big difference between now and then is the ludicrous amount of different Cryptocurrencies. More choice means dilution, at least to some degree. Mass adoption could drive to those figures, but will take longer than speculation did back then.”

One other commenter posted this: “Once the Goguen is launched. Adoption sets in. No doubt. So. People will wish they own 1 ADA. The industry is being looked at by institution. We think adoption is ripe. Now is the time.”

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