Cardano
Why Cardano is up 1.8% today
Analysis
Cardano (ADA) rose 1.8% over the past 24 hours as investor sentiment appeared to improve following a valuation-focused report highlighting ADA as more deeply undervalued than Bitcoin. CryptoPotato noted that both Ripple (XRP) and Cardano (ADA) show deeper undervaluation metrics versus BTC, which may have encouraged bargain-buying interest in ADA.
Contributing Factors (1)
Ripple (XRP) and Cardano (ADA) Show Deeper Undervaluation Than Bitcoin (BTC)
Santiment's MVRV data revealed that XRP and ADA are more undervalued than Bitcoin.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.