Cardano
Why Cardano is down 12.0% today
Analysis
Cardano (ADA) fell 12% over the past 24 hours despite several ostensibly supportive headlines, suggesting the market sold into the news amid heightened activity. U.Today reported a 55% surge in Cardano trading volume and a top-10 comeback narrative, which can coincide with increased volatility and profit-taking during fast moves.
Contributing Factors (3)
CME to support Cardano, Chainlink, and Stellar – Potential impact on altcoins?Â
ADA whales scaled up accumulation while LINK holders weren't selling aggressively
Charles Hoskinson Teases Rare Update for Cardano
Charles Hoskinson asks for input from community for next Cardano update regarding Logan.
Cardano Trading Volume Surges 55% as ADA Makes Top 10 Comeback: Details
Cardano jumps 55% in volume as crypto market's top 10 gets reshuffled.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.