Bitcoin, The Graph and Cardano – European Wrap 20 August


Bitcoin price is making a comeback after a recent pullback. This attempt will confirm if the resurgence of bulls is true by producing a higher high above the recent swing high and propel BTC higher.

BTC/USDT 1-day chart

The Graph price showed a strong move that shattered a crucial resistance level on August 20. This ascent could be a precursor to further gains in the near future.

GRT/USDT 1-day chart

Cardano’s market cap has crossed $79 billion, nearly 20% of the second biggest crypto, ETH. ADA rallied over 85% in August in response to the upcoming Alonzo hard fork and smart contract upgrade announcements. Cardano’s competitors Solana (SOL) and Terra (LUNA) have surged by over 40% in the past two days. The Ethereum killers are competing for a larger share of the decentralized application ecosystem. 




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