The data shows that Cardano has reached its lowest value in almost 2 years!

According to a prominent crypto analyst, despite the progress made with the growth of the blockchain, ADA is still undervalued!

A number of milestones have been achieved by the Cardano (ADA) network in recent months; According to a prominent crypto analyst, despite the progress made with the growth of the blockchain, ADA is still undervalued! This indicates that the token has reached its lowest value in almost 2 years!

The data shows that Cardano has reached its lowest value in almost 2 years!

The data shared by prominent crypto analyst Ali Martinez appears to be below the token value when considering (Crypto) General Market Caps (MVRV) and Cardano recent price levels.

Martinez points out in particular that the (MVRV) indicator shows that Cardano, the largest proof-of-stake (PoS) blockchain, has not been undervalued this much since the cryptocurrency meltdown triggered by the COVID19 pandemic in March 2020.

Martinez tweeted the following:

“Cardano hasn't been this underrated since the COVID crash in March 2020! The MVRV 365D (measures the P/L of addresses that have received $ADA in the last 365 days) shows that ADA holders sit at an average loss of -26%." 

Linked to market value (what is MVRV value?

When the price of a cryptocurrency is compared to its true value, the market cap-to-realized value (MVRV) ratio can be used to determine whether the price of the asset is reasonable. 

As a standalone statistic, MVRV is used to identify market highs and lows in the cryptocurrency market. Based on historical data, the indicator is always considered effective.

In general, the lower the MVRV ratio, the more likely a rise in the price of the item under custody, as this important indicator evaluates the average profit or loss of previous addresses that purchased the asset in question.

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