Along with the development of the entire market, Cardano did not lag behind and with good reason kept the place of the biggest competitor to Ethereum.
Ahead of one of the most important phases of the Cardano project, the implementation of smart contract functionality through a series of tests and upgrades under the working title Alonzo, the team of developers behind Cardano is getting closer to the goal. Users and fans of the Cardano network believe that the successful addition of smart contracts will be a springboard for the project and that everyone will want to switch to Cardano when it wakes up in full force.
There will always be coins that has a good reason to go up that goes up, but there are ones that go up without a good reason as well. Same goes for good ones that do not go up, and that was what cardano was for a long time, because there was a good period where cardano end up not going up at all. These days people finally woke up to the fact that it is a good coin, I do not have too much of it honestly but the reality is that it is definitely a good coin, and because of that people bought as much as they could.
It doesn't really do anything just yet, but it is definitely something that people do like to buy and that is why the price is high, people saw that there was a huge development and that is what they are taking advantage of. I would love to actually do something about it, but I can't because it is already high and I do not want to buy it from here, which is sad for me but great for everyone who bought it beforehand.