Daily Crypto News- ADA hits $2 for the first time since May ahead of Cardano smart contract announcement

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Daily Crypto News- ADA hits $2 for the first time since May ahead of Cardano smart contract announcement

Daily Crypto News- ADA hits $2 for the first time since May ahead of Cardano smart contract announcement

ADA hits $2 for the first time since May ahead of Cardano smart contract announcement

All eyes are on a support/resistance flip at $2 as bearish sentiment stays absent for Cardano(ADA) this week. Cardano’s ADA token made a triumphant return to the $2 mark on Friday as weekly gains topped 50%. ADA hits $2 for the first time since May ahead of Cardano smart contract announcement. Data from Cointelegraph Markets Pro and TradingView showed ADA/USD quickly shooting higher during Friday after overcoming heavy resistance. Cardano (ADA) continues to push back towards $2 this week, with gains powered by expectations that the company will today announce when the Alonzo hard fork will occur and when Cardano smart contracts will start to run on the blockchain.

Ethereum price soars above $3K into ‘red zone,’ triggering sell-off fears

An on-chain indicator, notorious for accurately predicting Ether tops, returns amid the ongoing price rally. Ethereum’s native asset, Ethereum (ETH), crossed above $3,000 in an extended upside rally on Saturday, hitting a three-month high. Nevertheless, the cryptocurrency’s incredible move upward also boosted its possibilities of facing a bearish backlash.

Polkadot (DOT) price rallies 100% and derivatives data points to more upside

Strong fundamentals on the development side and derivatives data suggest that the DOT price could extend its 100% rally over the short term. Polkadot (DOT) is a blockchain project designed to interconnect sub-chains called parallel chains or para chains.

Polygon acquires Hermez Network for $250M, will merge native tokens 

Layer-two protocol Polygon will be merging ZK-rollup project Hermez Network into its ecosystem for $250 million worth of Polygon(MATIC) tokens. In a Friday announcement, Polygon said Hermez would become a part of the network’s suite of solutions under the name Polygon Hermez.

Bitcoin cancels entire day’s BTC price dip with a fresh push above $46K

It seems nothing can keep Bitcoin bulls down for long as lower levels dissipate overnight and $47,000 is back on the cards. Bitcoin (BTC) staged yet another classic comeback on Friday as a day of losses abruptly flipped positive. BTC/USD had gained throughout the final stages of the bill’s passage, even shrugging off the initial lack of amendments.



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