Cardano leads tepid crypto market restoration forward of Memorial Day By Cointelegraph


Cardano leads tepid crypto market recovery ahead of Memorial Day

Cardano’s ADA cryptocurrency was back in the spotlight Sunday, leading a tepid market recovery following news that the developer network was inching closer to launching smart contracts.

Market update

The combined value of all cryptocurrencies rose 4.4% on Sunday to $1.6 trillion, according to data from Coingecko. Among the majors, it was Cardano’s ADA leading the rally with a 17% gain. ADA peaked at $1.70, according to TradingView, and was last seen hovering just north of $1.63.

ADA posted a strong rebound on Sunday after languishing for much of last week. Source: TradingView.

What’s driving ADA?