Cardano\u2019s ADA<\/a> token made a triumphant return to the $2 mark on Friday as weekly gains topped 50%.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed ADA\/USD quickly shooting higher during Friday after overcoming heavy resistance<\/a>.\u00a0<\/p>\n At the time of writing, the pair circled $2.07 and was continuing to climb, gaining $0.25 overnight.<\/p>\n At $2.07, this marked ADA\u2019s highest price since May 18 and the start of the cross-crypto price rout engendered by China\u2019s mining shakeout.<\/p>\n The move was accompanied by impending technological upgrades, notably smart contracts on Cardano, something popular trader Lark Davis described as a \u201cvery bullish catalyst.\u201d<\/p>\n \u201cA mere 6X would give it the same market cap as Ethereum,\u201d he noted<\/a>, forecasting potential gains of \u201cseveral hundred percent\u201d once the smart contract feature goes live.<\/p>\n \u201cMaybe one day Cardano will 50X, but it is not super likely across short time frames considering the market cap.\u201d<\/p><\/blockquote>\n ADA was thus the second best performer on the day, just behind The Graph (GRT).<\/p>\n As Cointelegraph reported<\/a>, Cardano is not alone in battling key resistance levels this week.\u00a0<\/p>\n Related:\u00a0Ethereum price drops below $3K, but ETH options data reflects optimism<\/a><\/em><\/strong><\/p>\n Bitcoin (BTC<\/a>), fresh from a solid run that saw it preserve $40,000 as new support, continues to focus on $47,000, a major sell wall that has so far kept $50,000 out of reach.<\/p>\n Optimism, meanwhile,\u00a0remains high<\/a> over the potential return of gains among decentralized finance tokens after several months of lackluster performance.<\/p>\n <\/div>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/30f09d4d-d958-4479-ad10-4d8f7a9f41cb.png\"\/)
ADA reverses most of its three-month losses<\/h2>\n
Bitcoin still grapples with sellers<\/h2>\n