Cardano
Why Cardano is down 1.6% today
Analysis
Cardano (ADA) slipped about 1.6% over the past 24 hours as bearish momentum persisted after reports highlighted ADA hitting a multi-year low and losing its top-10 market-cap spot, reinforcing negative sentiment and selling pressure. While CME’s addition of ADA futures could be a longer-term milestone for institutional access, the immediate market reaction appeared dominated by the weak price action and downside technical narrative rather than that positive catalyst.
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
Moderate confidence. Multiple factors may be contributing.