Cardano is all of a sudden seeing some minor action that has made investors wonder if it is making a comeback.manages to stay put well above the $63,000 mark, ADA has seemingly come back to life, seeing an increase of 4% as of the time this article was being written.A key driver behind this upswing is the much-anticipated ‘Alonzo’ upgrade, which introduces smart contracts to the Cardano network.
Despite a shaky start to May, where bears seemed to have the upper hand, ADA was making a commendable recovery, climbing almost 4% to a trading price of $0.47. The relatively subdued long position activity throughout suggested a lack of strong buyer momentum to drive up prices sustainably.
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