Following Musk's stop to accepting Bitcoin for Tesla purchases due to environmental concerns the market reacted swiftly resulting in Bitcoin dip to a low $47k
Ethereum amongst other altcoins dipped to a low $3.6k from a high $4.3k while its competitor Cardano remains bullish as it currently trades at $1.81 according to Coingekco as it attempts to reclaim its ATH $1.82 within the last 24 hours.
What is giving Cardano's native token ADA the surge? Perhaps the upcoming Alonzo upgrade scheduled for this month, an upgrade that will enable smart contract implementation on the Cardano chain.
With lots of positivity around Cardano currently it will be great seeing how it excels after smart contract functionality is enabled and the impact on ADA going forward.
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