"Cardano (ADA) started the week up 2% over the last 24 hours, trading at $0.3725 on July 8th. This rally allowed ADA to recoup all of the losses incurred on Sunday, July 7th. 📈

Cardano founder Charles Hoskinson updated information on Cardano's progress and the upcoming Chang hard fork. He emphasized that the Chang hard fork is almost ready.

According to IntoTheBlock, ADA is expected to see a significant price increase ahead of the upgrade, which explains today's price movement.

ADA's growth coincides with the growth of the Cardano network over the past month. The number of active addresses on the Cardano blockchain has increased from 21,560 on June 17 to the current value of 36,700.

ADA continues to rise despite the bearish cloud that continues to envelop the broader crypto market. For example, Bitcoin (BTC) and Ether (ETH), the two largest cryptocurrencies by market capitalization, fell approximately 1.89% and 0.79%, respectively."