Cardano (ADA) has experienced a remarkable increase in its value, surpassing the $1 mark for the first time since April 2022. This rise, which represents a recovery of approximately two and a half years of losses in less than a month, is due to several key factors:

1. Increased network activity: The number of transactions on the Cardano network has reached levels not seen since March 2022, with over 840,000 recent transactions and total fees amounting to 279,000 $ADA. This increase in activity reflects greater use and adoption of the platform.

2. Renewed investor interest: Surpassing the $1 threshold has revitalized investor confidence in ADA, attracting both retail and institutional investors. This renewed interest has contributed to the appreciation of the token's price.

3. Technological developments and upgrades: Cardano has implemented significant updates, such as the layer 2 scalability solution Hydra and the staking-based multisignature protocol Mithril. These improvements have strengthened the network's infrastructure, increasing its efficiency and appeal to users.

4. General trends in the cryptocurrency market: The cryptocurrency market has experienced a phase of high euphoria, especially following Donald Trump's return to the White House, resulting in favorable regulations for the sector. While Bitcoin has remained around $95,000, other alternative cryptocurrencies (altcoins) like Ethereum, Solana, and XRP are seeing significant increases. This phenomenon, known as "altseason," occurs when altcoins outperform Bitcoin, as reflected in the Altcoin Season Index, which is currently at 81/100.