While the rest of the market stays still, Cardano (ADA), the fourth-largest cryptocurrency by market cap, increased by 11% in price on Sunday morning to $1.64, according to data from metrics site Nomics.
At its current price, Cardano is reemerging to prices observed on Wednesday, when ADA reached as high as $1.77. ADA is still far off its all-time high of $2.46, which the project achieved two weeks ago on May 16.
On Friday, Cardano started rolling out its Alonzo testnet. The update, named after math and computer scientist Alonzo Church, adds smart contracts to the blockchain, meaning that Cardano is resolutely on the way to integrating decentralized applications to its blockchain. The Alonzo mainnet is expected to go live by the end of August.
