{
 "id": "cardano",
 "symbol": "ADA",
 "name": "Cardano",
 "archetype": "L1 / Chain",
 "archetype_reason": "category match: 'smart contract platform'",
 "contract": null,
 "price": {
  "price_usd": 0.160275,
  "ath_usd": 3.09,
  "ath_date": "2021-09-02T06:00:10.474Z",
  "market_cap": 5972558325,
  "volume_24h": 215030658,
  "price_chg_30d_pct": -7.44528,
  "price_chg_60d_pct": -39.49525,
  "price_chg_200d_pct": -55.53271,
  "coingecko_url": "https://www.coingecko.com/en/coins/cardano"
 },
 "provenance": {
  "batch_date": "2026-07-14",
  "bagcheck_version": "0.17.1",
  "snapshot_id": "2026-07-14 v16",
  "label": "scored monthly \u00b7 batch of 2026-07-14"
 },
 "refused": false,
 "reclaim": {
  "severity": "SEVERE",
  "line": "Down 95% from ATH \u2014 reclaiming it needs 19.3\u00d7 from here. Historically ~8% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 94.8,
  "reclaim_multiple": 19.3,
  "base_rate_label": "down 85-95%",
  "base_rate": 0.08,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 19.3\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 59.0,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "STRAINED",
  "band_capped": true,
  "confidence": "HIGH",
  "confidence_detail": "measuring 6 of 6 factors (100% of the weight that matters for a L1 / Chain asset)"
 },
 "bottom_line": "Down 95%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~8%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.22,
   "status": "measured",
   "score": 66.7,
   "detail": "0 commits/4wk, 80 contributors, last commit 0d ago \u2014 actively developed.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.2,
   "status": "measured",
   "score": 42.1,
   "detail": "addresses -176/30d (-0.0%, Bin 3/10 vs 169 L1 / Chain peers), MVRV 0.43 (Bin 7/10 vs 51 L1 / Chain peers) \u2014 address base is holding steady. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 79.0,
   "detail": "$215,030,658/24h (Bin 10/10 vs 308 L1 / Chain peers), 3.60% turnover (Bin 6/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.18,
   "status": "measured",
   "score": 65.0,
   "detail": "13,582 active addresses/day (Bin 9/10 vs 91 L1 / Chain peers), 30d trend -18.5% (Bin 4/10 vs 53 L1 / Chain peers) \u2014 usage is strong for its peer group. [L1 / Chain bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 50.0,
   "detail": "83% of supply circulating (Bin 6/10 vs 310 L1 / Chain peers), FDV/MC 1.2x (Bin 5/10) \u2014 meaningful dilution still to come.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 40.0,
   "detail": "30d -7% (Bin 5/10 vs 310 L1 / Chain peers), 200d -56% (Bin 4/10) \u2014 middle of its peer pack.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only.",
  "Recent risk alert signal on the record (2026-06-24) \u2014 not reflected in the score; check before acting."
 ]
}