Here's Why Cardano Is Undervalued by Crypto Market

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Cardano undervalued as ADA price didn't change much after progress on VasilHardFork cardanoada cardanocommunity vasil iohk $ada

price is barely responding to the positive changes. Moreover, after the news of accelerating inflation in the U.S., implying even tighter regulation of monetary policy, ADA quotations fell more than all other cryptocurrencies from the top 10 by market capitalization.

The apparent undervaluation is hinted at by the behavior of the ADA price, which in late August after the news of showed a growth of 23% in two weeks, but then gave up part of the growth, and now the result is only 9%.On the crypto market, where assets can increase and decrease in price by 10% several times a day, such values can hardly surprise anyone. It is strange that the price of the top eight projects with a capitalization of $16 billion hardly reacts to the news, where the identity"buy on rumor, sell on fact" works best.

 

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There’s a lot more downside yet to come. 🤦‍♂️ 🤢 Good for latecomers though. Nice gamble. Might have some upside one day.

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