Cardano Enters Undervalued Zone as MVRV Ratio Turns Negative

Cardano (ADA) has entered an undervalued zone, according to Santiment. The analytics firm noted that the average one-year return for addresses trading ADA has dropped to -43%. According to NS3.AI, ADA has experienced a decline of approximately 71% since last September, and its Market Value to Realized Value (MVRV) ratio has turned negative, indicating potential undervaluation.