Cardano
Why Cardano is down 1.6% today
Analysis
Cardano (ADA) fell about 1.6% over the past 24 hours as bearish momentum persisted after reports that ADA hit a multi-year low and even slipped out of the top-10 by market cap, pressuring sentiment and prompting traders to stay defensive. While CME’s addition of ADA futures could be a longer-term institutional positive, the market reaction in this window appeared dominated by the ongoing drawdown highlighted in recent price analysis rather than the new derivatives listing.
Contributing Factors (2)
Cardano loses top-10 spot as price hits 3-year low – What should traders do next?
Both in terms of price and activity, Cardano is down in the dumps.
CME Adds Cardano (ADA) and Stellar (XLM) Futures: Are XRP and Solana (SOL) About to Lose Their Institutional Edge?
CME officially welcomed Cardano and Stellar futures after XRP and Solana broke records in Q4, 2025. ADA and XLM now live in the $30 billion daily crypto derivatives arena, targeting institutional infl...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.