Cardano (ADA) appeared highly promising in the final months of 2023 and up until late March 2023 as it appeared set to rise toward new highs in a series of stages, each recording higher highs and higher lows in sequence.
More recent trading; however, ostensibly dampened the hopes as ADA entered a significant decline in the crypto market and is dangerously close to retracing back to its late November prices below $0.40.
One cryptocurrency expert, however, believes the time may be right to buy the cryptocurrency as a crucial ratio for ADA – the Market Value to Realized Value (MVRV) Ratio – has hit a critical low.
This ratio is calculated by dividing the market value – essentially a reflection of the cryptocurrency’s market cap – by the realized value – the sum of the value of each token at the price it was last transacted.
Why Cardano might soon surge to $0.80
According to an X post by Ali Martinez, made on April 19, Cardano MVRV dropped below 22% for the first t
We współpracy z: https://finbold.com/buy-alert-signals-predict-a-75-uptick-in-cardano-price/
