Cardano (ADAInvestors were speculating that the trend would reverse, as ) was within touching distance of its previous three-week high. The bullish momentum in reality is due to anticipation for the SundaeSwap decentralized exchange (DEX).

The intraday peak of $1.60 reached the ADA price on Jan.17, a day following SundaeSwap. AnnouncementIts “fully-functional beta, decentralized exchange” (DEX) was launched. Nonetheless, it was part of a bigger rebound trend that saw ADA jump by nearly 50% in seven days.