Ordinarily, when a crypto network sees an upgrade, its price tends to have a positive reaction, like it was seen during the launch of Ethereum’s EIP-1559 when the value of the asset rallied above the $3,000 mark again.
However, in the case of Cardano, despite the implementation of its highly anticipated Alonzo upgrade that brought smart contract features to its blockchain, the value of the asset has seen a massive decline in its price, dropping by close to 50% according to data.