Cardano, price analysis on chart: altcoins Outperform on August 13, 2021

Bitcoin and Ethereum are lagging in price increases as selected subsources continue their winning streak.
Cardano is moving toward $ 2 ahead of the launch of smart contract functionality.
The chart closes the gap to $ 1, while the bullish MACD points to a potential increase to $ 1.2.

The Cryptocurrency market is mostly in the Red towards the end of the Asian session on Friday. Bitcoin has posted a loss of over 1.5% accumulated over the past 24 hours, with a hand change of just over $ 45,000. As reported, the Bulls are not giving up yet and are ready to fight for a $ 50,000 profit.

Meanwhile, Ethereum lost more than 3% of its value over the same period, trading at just over $ 3100 Dec. The final break above $ 3,200 became unacceptable and delayed the expected break to $ 4,000. Most crypto assets are in the red when the week’s trading ends. Maybe a weekend session will pay off as much as last week.

Cardano is a treasury of investors this week after the network announced it would support the execution of smart contracts starting Friday. Ethereum launched after completing its London hardfork last week by cutting gas costs for transactions and implementing smart contracts.

When the news emerged earlier this week, Cardano rose sharply, earning $ 1.8 for the first time since June. With the arrival of” D ” day, there was no doubt another ascent on the maps. Investors are expected to mark the new event as profit speculation of up to $ 2, followed by record growth of $ 2.5.

At the time of writing, Cardano was trading at $ 1.87 while the Bulls were looking at $ 2. Short-term technical photography adds confidence to the bullish outlook, especially with the MACD above the midline.

ADA / USD daily chart

ADA / USD price chart for TRADINGVIEW chart
The chart is more than double digits for trading at $ 0.92 in 24 hours. The marker has been on the rise since July, and the upward trend is s

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