Cardano
Why Cardano is down 1.1% in the last hour
Analysis
Cardano (ADA) slipped 1.1% over the past hour as sentiment remained pressured following reports that ADA has hit 2023 lows and erased roughly $3B in value, reinforcing fear after a broader drawdown. AMBCrypto highlighted the recent ~20% drop and the associated market-cap losses, which likely kept near-term selling pressure elevated.
Contributing Factors (1)
Cardano hits 2023 lows: How $3B loss fuels fear over ADA
The battle between conviction and fear intensifies for ADA holders.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.