E Point Perfect

Cardano (ADA) Is Priced “More Aggressively,” Report Shows

article image

Alex Dovbnya

Cardano (ADA) is priced more aggressively compared to its adoption metrics, according to data provided by Messari

According to a recent report published by Messari, Cardano (ADA) is “priced more aggressively” compared to the blockchain’s adoption metrics.

The assessment comes ahead of the much-anticipated Vasil upgrade, which is expected to bring important technical enhancement.    

Messari data shows that Cardano is behind Solana, Algorand, Tezos, and NEO when it comes to the number of daily transactions.  

The popular proof-of-stake blockchain also has less total value locked (TVL) than Solana and Algorand.

Image by @MessariCrypto

As reported by U.Today, billionaire Mark Cuban recently opined that Cardano had failed to make any significant impact since the launch of smart contracts last September.  

The Messari report has found that Solana towers over its key competitors in major fundamental metrics. It says that Solana (SOL), the token underpinning the network’s ecosystem, is priced “conservatively” compared to ADA and other peers.

ADA and SOL are currently in seventh and ninth places by market capitalization, respectively, according to data provided by CoinMarketCap.

Source link

Related posts

Bitcoin Is Battling for $23,000 Third Day in Row

SOL, DOT, AVAX and Other Ethereum Killers Down 80% From Their ATH, ETH Winning

Here’s How Bitcoin May Reach $24,000, Analyst Explains

SHIB Worth $10 Million Bought in 6 Days by This Group of Investors

Cardano Discloses Encouraging On-Chain Stats for September, Here’s Detailed Insight

Whales Move 4.2 Trillion SHIB as Price Sees “Hangover Reverse”