Cardano
Why Cardano is down 1.9% today
Analysis
Cardano (ADA) fell 1.9% over the past 24 hours as sentiment weakened after reports that ADA hit new 2023 lows and erased roughly $3B in market value, amplifying fear following a broader drawdown. AMBCrypto noted the move as part of a continued slide (including a recent ~20% drop), which likely pressured near-term demand and kept sellers in control.
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
Moderate confidence. Multiple factors may be contributing.