Is Cardano Undervalued Right Now? Here’s What On-chain Metrics Say

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold's editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please click here.

Cardano (ADA) has been the object of evaluation for crypto enthusiasts and experts in finding undervalued market opportunities to bet on for growth ahead. As such, analysts have turned to on-chain metrics to gauge Cardano’s true potential and determine whether the cryptocurrency is currently undervalued.

Amid the ongoing evaluation of Cardano (ADA), ETFSwap (ETFS) establishes itself as the newest crypto project with massive prospects for growth. For better context, ETFSwap (ETFS) is currently on presale, which makes it much more undervalued and a better opportunity for profit than investing in Cardano (ADA).

What Do On-Chain Metrics Say About Cardano?

Cardano (ADA) emerged as a second-generation blockchain set to improve on existing blockchain frameworks provided by others, such as Ethereum, at the time. It was believed to be another Ethereum killer, but the recent user trends on the network have failed to impress investors.

Crypto enthusiasts consider Cardano (ADA) a profit pick amid current market conditions, but on-chain metrics do not pose a positive outlook for the cryptocurrency. Despite the brewing bullish momentum in the market, Cardano (ADA) has not seen an exciting price trend in the past year.

Cardano’s developer activity remains high and shows that the network is continually fixing issues and shipping new features, this is not reflected in the cryptocurrency’s price. Metrics like daily active addresses and social volume have been on a downtrend since March, which also supports the negative weighted sentiment in the past several weeks. Furthermore, the MVRV ratio, which is known as the market value to realized value ratio used to evaluate buying and selling habits on a cryptocurrency, has been negative since mid-March.

Data from Santiment further shows a higher trend in the Network Value to Transactions (NVT) ratio using the daily circulation since March. The NVT ratio is an indication of Cardano (ADA) being overvalued, and it has a bearish implication on the demand for the coin.

Upon realizing this, Cardano (ADA) investors are cutting their losses to rotate to a truly undervalued cryptocurrency prospect, ETFSwap (ETFS). This switch further solidifies ETFSwap’s position as a true market gem for huge profits.

ETFSwap (ETFS) Marked As A Truly Undervalued Project

ETFSwap (ETFS) has emerged as the best market pick as its ongoing presale continues to rally. The new project has piqued investors’ interest with its unique, innovative platform, and its network token is projected to rally for over 30,000% gains as a result. ETFSwap (ETFS) is a standout project capitalizing on the bullish narrative for tokenized and real-world assets, and investors are taking the limited opportunity to buy early.

ETFSwap (ETFS) is a platform for trading tokenized ETFs and several other DeFi trading options, such as crypto swaps. This new platform ensures global accessibility to various traditional ETFs, ranging from commodities to cryptocurrencies to fixed-income ETFs and many others.

However, unlike traditional trading platforms, the platform does not have the limitations of the traditional finance market. This new platform enables flexible investment conversion between ETFs and cryptocurrencies. ETFSwap (ETFS) allows 24/7 trading, circumventing the limit of trading hours associated with the traditional market.

Other benefits include access to liquidity, lower fees, quick settlements, access to advanced trading tools and market data, perpetual trade with high leverage, and so on. On top of that, ETFSwap (ETFS) is a decentralized platform for permissionless trading and does not require KYC processes, eliminating the intervention of third parties and regulatory bodies.

There’s no direct market competition offering, with a broad range of ETFs and crypto assets comparable to ETFSwap (ETFS). As a first mover, early investors are positioned for the highest return on investments in the market this year.

ETFSwap (ETFS) is currently selling on Stage 1 presale for $0.00854, which is the cheapest it will ever be. So, get in now and secure your path to life-changing profits before the price increases to $0.01831 on Stage 2, as over 65 million tokens have already been sold out.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community