Cardano or ADA is a blockchain project that was developed in 2015. The project is relatively similar to Ethereum in that it helps developers to build decentralized applications, also known as DAPPs. Recently, Cardano managed to introduce the concept of smart contracts, which enable people to build Decentralized Finance (DEFI). ADA, on the other hand, is the native currency of the Cardano ecosystem. Last week, ADA price declined sharply as the excitement of the Coinbase listing waned. It fell by more than 40% from its all-time high. This week, though, the currency has bounced back.