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Top Analytics Platform Teases Rapid Recovery for Cardano as ADA Enters ‘Extreme Buy Zone’
Leading analytics platform Santiment suggests that Cardano is sitting in an extreme buy zone following its double-digit collapse
According to Santiment, most established cryptocurrencies are currently showing severe pain in their average trading returns. In its latest 30-day MVRV (Market Value to Realized Value) analysis, the firm highlights Cardano as one of the most undervalued major cryptocurrencies
ADA Sees Lowest MVRV, Falls to Extreme Buy Zone
Other leading assets are also in the red, though to a lesser degree. Chainlink, Ethereum, Bitcoin, and XRP all show 30-day negative MVRV levels of 16.8%, 15.4%, 11.5%, and 10.2%, respectively, underscoring widespread negative sentiment across the crypto market
Notably, due to ADA’s low MVRV, Santiment placed the token firmly within what Santiment classifies as an “Extreme Buy Zone.”