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3 reasons why Cardano (ADA) is still extremely undervalued in price



 Cardano's ADA token has risen more sharply in recent weeks. Before that, there were big losses as part of the big Bitcoin correction. What is the potential of cryptocurrency? We give 3 reasons why the ADA token is still heavily undervalued.


Reasons for undervalued Cardano – 1. Total network volume increases massively

Just a few months ago, criticism of Cardano was still great in one area: Although the blockchain is extremely technically adept, it offers no economic benefit and cannot be a basis for decentralized applications. This has changed dramatically with the introduction and optimization of the smart contract function.


The "Total locked value" (TLV), i.e. the total volume in the Cardano network, has recently risen to over 98 million dollars. This shows that the network is becoming increasingly popular for dApps and developers are increasingly embracing the benefits of the blockchain.


2. Activity exploded on the Cardano blockchain

The increase in TLV is also accompanied by an explosion in transaction volume on the Cardano network. The network has seen an explosion in on-chain activity , most recently processing over 30 million transactions. 


Cardano now has over 200,000 addresses and has also experienced an extreme increase on this front in recent weeks. Overall, the network is growing steadily and steeply. This growth is largely due to the increase in decentralized applications, but also due to a constantly growing community.


3. Huge potential with basho update

When evaluating the ADA course, the long-term potential of Cardano does not seem to have been taken into account. In the next development step, the Basho Update, the scalability of the blockchain is to be massively increased again. This could leave Cardano behind Solana and Avalanche in the future.



In the past, the ADA price has rarely been able to reflect the long-term potential of Cardano's development. The course only exploded last September when the smart contract functions were finally implemented, although the development had already progressed in the weeks before. If the basho update goes into action, ADA should explode again.

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