The price of ADA has formed an upward trend, aiming for a 40% increase to reach its peak in May. Cardano soared with the recovery of the cryptocurrency market and Snek, one of the main meme cryptocurrencies of its ecosystem, bounced back.
It rose to a high of $0.6320, its highest level since June 16, and 25% above its lowest level this month. Data from CoinMarketCap showed that this rally occurred in a high-volume environment, with a daily increase of 87% to $1.1 billion.