As was to be expected, most of the negative momentum haunting the cryptocurrency markets has quieted down once again. Weekends are usually nefarious for bearish pressure, whereas Mondays will confirm the trend or make other things happen. Today, it seems the latter option is in place. As the Cardano price shows signs of life again, traders show some degree of excitement where this altcoin is concerned.
Cardano Price Goes Through a Nice Rebound
After a bit of a rough Sunday, it would appear as if the cryptocurrency markets are bouncing back rather strongly. This is in line with what most traders and enthusiasts had expected, although it is still good to see it come true. With Bitcoin leading the charge, there is a genuine chance the alternative markets will recover most of their recent losses in quick succession. Cardano is already on track to do just that, but there’s still a ways to go.
More specifically, the Cardano price has regained 4.6% in USD value as it rose back to $0.076211. There is also a strong bounce in…