Hey I think this a bit of a noob question but I have been wondering how it works. I guess this is a general crypto question.
Since ADA is paired with ETH and BTC does this mean if the value of etherium and bitcoin goes down the value of ADA goes down too? Or does it readjust by itself to the going price of ADA?
So if the price of etherium is shooting up, the price of ada to eth seems like its going down on the charts, but its actually readjusting to remain at the going price of ADA, right ?