Santiment analysts point to a possible doubling of ADA growth
According to experts, the market value to realized value ratio of the asset has now reached the lows of 2019

23.10.2022 - 06:30
530
2 min
0
The material is not an investment recommendation and is published for information purposes only.
What’s new? Analysts at Santiment reported that the token of the Cardano(ADA) network could see double growth over the next three months. Experts noted that the market value to realized value (MVRV) ratio of the asset is currently at its lowest since January 2019. In this, the last time the MVRV ratio reached such a mark, ADA’s price doubled. As of October 22, 11:55 UTC, the asset is trading at $0,35, having gained 5,02% in 24 hours, according to crypto exchange Binance.
📊 #Cardano now sits at its lowest relative position compared to its realized value since Jan, 2019. This is a sign of undervaluation based on average trader losses. $ADA's price doubled the following 3 months the last time its MVRV Z-Score hit this level. https://t.co/D8Bwk2GWEB pic.twitter.com/gnOuGVqqOq— Santiment (@santimentfeed) October 22, 2022
What is known about Cardano? It is a blockchain platform created by Input Output Hong Kong (IOHK) and Ethereum co-founder Charles Hoskinson in 2017. Cardano supports smart contracts and also has the native token ADA that enables users to participate in the operation of the network. The asset ranks eighth in the cryptocurrency ranking with a capitalization of $12,3 billion.
On September 23, the network’s developers launched the Vasil hard fork. The upgrade reduced the cost of executing scripts and the size of transactions, as well as increasing the network’s throughput by about 20-30%.
Useful material?
Crypto regulations
GENIUS aims to regulate dollar-pegged payment stablecoins
Jun 18, 2025
Crypto regulations
Under the new law, no cryptocurrency reserve can be created at the state level
Jun 11, 2025
Mining
This is the 300th block mined within this pool
Jun 5, 2025
Incidents
The marketplace started operating in 2022 and allowed trading in stolen personal data
Jun 5, 2025
Incidents
Hackers laundered assets using Tornado Cash, Thorchain, and Wasabi mixers
Jun 2, 2025
Market
After June 30, fines and prison sentences will be imposed for violating the rules
Jun 2, 2025