Cardano
Why Cardano is up 1.1% in the last hour
Analysis
Cardano (ADA) rose about 1.1% over the past hour as market participants reacted to a valuation-focused narrative highlighting ADA as more deeply undervalued than Bitcoin, which can support short-term buying interest. CryptoPotato reported that both Ripple (XRP) and Cardano (ADA) show deeper undervaluation versus BTC, likely contributing to the modest uptick.
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
Moderate confidence. Multiple factors may be contributing.