Cardano nears USD $2 per unit and Bitcoin surpasses the USD $46,000 barrier on Aug. 11
Cardano nears USD $2 per unit and Bitcoin surpasses the USD $46,000 barrier on Aug. 11 By Angel Di Matteo

@shadowargelAhead of the arrival of smart contracts on the Cardano network , for this August 11 the ADA

token is trading at about USD $1.84 per unit, up more than 16% in the last 24 hours.

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Cardano

nears USD $2 this August 11

We open the report for this morning by highlighting the good news for users of Cardano’

s

ADA

cryptocurrency this August 11, as the token records a remarkable increase for the time of edition, trading at about USD $1.84 per unit, up 16.05% in the last 24 hours.

This is revealed by data published by our section CryptoMarkets, which shows how from yesterday afternoon began to increase the price of digital currency, to the extent that there was a remarkable rebound in the volume of trading operations through the major exchanges. At the time of writing, ADA

recorded its highest peak of the day, heading towards the USD $2 per unit barrier. Evolución precio de ADA este 11 de agostoEvolución precio de ADA este 11 de agostoADA price evolution this August 11

Excitement for the arrival of smart contracts

Although these prices would be the highest recorded by the ADA token in the last two months, several reports associate this increase with the announcements made by the founder of Cardano and CEO of IOHK,

Charles Hoskinson, who in one of his regular live broadcasts indicated that he will soon reveal the date on which smart contracts will be officially launched on the network.

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In this regard, Hoskinso

n advanced that this new update that will bring such a property will come before the Cardano Summit, an event that will take place next September, adding:

“We will be able to announce when the Alonzo hard fork will happen, and at that time… run smart contracts on Cardano.”

The advent of smart contracts will endow the network with Cardano with better properties to support a wider range of use cases, so that its Blockchain will be able to support everything from decentralized applications (dApps), digital collectibles (NFT), to platforms within the decentralized finance sector (DeFi).

Meanwhile, the ADA token reflects the enthusiasm present among investors and supporters of the project, who expect the token to appreciate further once the network acquires greater functionality, especially in light of the commercial deals already struck by the IOHK team with various organizations interested in adopting blockchain.

Bitcoin over USD $46,000 and Ethereum over USD $3,200.

While the most prominent among the most reputable currencies comes from the hand of Cardano and its token, both Bitcoin (BTC ) and Ethereum (ETH ) continue to capitalize on gains for this August 11.

  • In the case of Bitcoin, the digital currency surpassed the USD $46,000 barrier and is trading at around USD $46,307 per unit at the time of publishing, capitalizing on slight gains of 1.5% this morning.
  • Meanwhile, each unit of Ethereum is trading at around USD $3,224 per unit, which translates to a 2.52% increase in the last 24 hours.

Winners and losers for this August 11th.

And finally, below we review the cases with the steepest fluctuations for this August 11:

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Winning cryptocurrencies

Losing cryptocurrencies

To buy cryptocurrencies via DiarioBitcoin

Faced with the uncertainty that shakes the market, if you are one of those who see opportunities and want to buy cryptocurrencies, we remind you that our section CryptoMarkets already has buttons for you to proceed to buy your favorite digital currencies.

If you want to buy Bitcoin (BTC ), prefer to buy Ethereum (ETH ) or want to get some Tether (USDT ), you just need to go to our CryptoMarkets and click on the buy button. We recommend everyone to be very attentive as this possibility will be added soon for a larger number of digital currencies.

Nuevos botones de compra a través de CriptoMercados

Report by Angel Di Matteo / DiarioBitcoin

Image by Unsplash