Cardano
Why Cardano is down 1.0% in the last hour
Analysis
Cardano (ADA) slipped about 1.0% over the past hour as the market digested mixed near-term sentiment: a broader “which alt is more undervalued” comparison piece may have shifted attention toward competing majors rather than ADA specifically, adding mild selling pressure (CryptoPotato). At the same time, Cardano’s newly announced smart contract release ahead of an intra-era hard fork is constructive but can still coincide with short-term volatility as traders position around upgrade timelines (U.Today).
Contributing Factors (2)
XRP Vs. ADA Vs. LINK Vs. ETH: Which Alt Is More Undervalued and Has the Biggest Upside?
The conclusion was derived from the 30-day MVRV of each of those altcoins (and bitcoin).
Cardano Welcomes New Smart Contract Release Ahead of Intra-Era Hard Fork
Cardano's intra-era hard fork to protocol version 11 introduces targeted improvements across Plutus performance, ledger consistency and node-level security.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.