Cardano
Why Cardano is down 1.1% in the last hour
Analysis
Cardano (ADA) slipped about 1.1% over the past hour amid muted reaction to a broader altcoin valuation discussion rather than any ADA-specific catalyst. CryptoPotato published a comparative piece on whether XRP, ADA, LINK, or ETH is more undervalued and has the biggest upside, but it did not present a clear, immediate trigger for buying ADA, which may have left it drifting lower in the short term.
Contributing Factors (1)
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).
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.