Cardano News: New zkEVM Protocol, Price Eyes $10 Breakout

Cardano as a blockchain is making news again, this time for two major developments.

First, Paima Studios founder Sebastien Guillemot’s X post introduces a new zkEVM protocol called Starstream.

In addition, analyst Ali Charts shared teased a projection that Cardano is likely to rally to $10.

Cardano News: Starstream and the EVM Potential

Since its emergence, Cardano has been recognized for its research-driven approach and focus on scalability of digital assets.

However, one of its biggest challenges is its compatibility with Ethereum-based applications.

To make up for this deficit, Guillemot announced the introduction of the Starstream zkEVM Zero-Knowledge Ethereum Virtual Machine solution.

Reports indicate that Starstream is designed to make Cardano more powerful, simpler, and compatible with ZK cryptography.

It will also be paramount for strengthening the Blockchain transaction efficiency and privacy.

Now, powered by Paima Studios, this new protocol is expected to make Cardano’s blockchain more developer-friendly.

It will address previous concerns people using the platform have about complexity, cost, and security.

Furthermore, one of Starstream’s unique advantages is its use of coroutines.

It is a programming concept that enables the simple and flexible execution of smart contracts.

This means transactions, tokens, and even UTXOs (Unspent Transaction Outputs) can be modeled more efficiently, reducing the computational load on the blockchain.

This translates into faster, more scalable decentralized applications (dApps).

It will lower costs and allow better performance for Cardano-based projects.

With Ethereum still leading the smart contract projects, integrating a zkEVM solution like Starstream will position Cardano as a serious competitor in decentralized finance (DeFi), gaming, and real-world asset (RWA) tokenization.

The Cardano $10 Projection

While technical developments like Starstream strengthen Cardano’s long-term potential, the community is focused on whether ADA price can reach the $10 mark.

Recently, Analyst Ali Martinez noted that a breakout is imminent for Cardano, provided it maintains support above $0.80.

When writing, the coin was trading at $0.7799, down 4.08% in 24 hours.

To confirm the breakout, the coin may also need to successfully clear the $1.20 resistance. If this happens, a move toward $10 could be inevitable.

Historically, Cardano has seen strong price rallies during past bull rallies. However, for Cardano to reach double digits, several factors must align.

For example, sustained buying pressure and strong demand will be crucial.

Investor sentiment and market liquidity will determine whether Cardano can maintain an upward price increase or not.

Another important factor is institutional interest in Cardano’s ecosystem.

Increased participation from hedge funds, venture capital, and corporate investors filing ETFs could drive up both adoption and price.

In addition, a broader bullish trend in the cryptocurrency market will be necessary.

Regarding the above, Cardano’s price movements are also influenced by macroeconomic conditions, regulatory developments, and Bitcoin’s performance.

This suggests that overall market sentiment is an important factor in achieving the $10 target.

Cardano in the Crypto Ecosystem

Notably, the increasing competition from Ethereum, Solana, and other smart contract platforms, has not deterred hopes for Cardano price rally.

Based on Cardano news reports, it remains one of the most actively developed blockchains in the industry.

Notably, its focus on security, sustainability, and peer-reviewed research has earned it a loyal community in Web3.

Cardano’s solutions also support innovations in DeFi, NFTs, and enterprise blockchain solutions.

In addition, Cardano founder Charles Hoskinson told the crypto community that he’s working closely with lawmakers to achieve clearer rules.