Analytics platform Santiment has flagged Cardano (ADA) as an 'Extreme Buy Zone' following a 30.28% decline over the past month. The platform's MVRV analysis indicates that ADA wallets active in the last 30 days are experiencing a negative average return of 19.7%, highlighting significant investor losses. While other major cryptocurrencies like Chainlink, Ethereum, Bitcoin, and XRP also show negative MVRV levels, Cardano's situation is more pronounced. Santiment notes that such undervaluation often precedes a market rebound, although ADA continues to face pressure from overall market conditions.
Santiment Identifies Cardano as 'Extreme Buy Zone' After 30% Drop
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