Though the Valentine upgrade was rolled out with much optimism, Cardano [ADA] has failed to capitalize on the opportunity. According to CoinMarketCap, ADA dropped significantly over the previous week, plunging 13%, at the time of writing.

Furthermore, nearly $1.46 billion of Cardano’s market cap was wiped out in the same time period.

But things could be taking a positive turn. Cardano’s development activity which was in a downward spiral since 16 February, bounced back impressively over the last few days, data from Santiment revealed.