Cardano holders marvel at the opportunity as ADA flips XRP in…

Cardano holders marvel at the opportunity as ADA flips XRP in...

, Cardano is the first protocol after Ethereum that’s rolling out a DeFi ecosystem largely without a venture capital leg up.More jubilance followed as Cardano was

on the Robinhood exchange. On 1 September, Robinhood announced that users would now be able to trade ADA and gain exposure to its spot price.on the social activity on Cardano after the coin climbed as one of the top trending coins of the day. ADA, at press time, had one of the highest social scores among other cryptocurrencies. This is a direct result of the Vasil release news which has garnered attention from the crypto community.According to Santiment, there was also a lot of growth in ADA’s social volume as online discussions increased dramatically in September.

The upcoming hard fork is likely to draw more attention to Cardano as it brings promising future gains.Notably, the rise in ADA’s prices has had a direct impact on Cardano’s MVRV since late August. At press time, the MVRV ratio was ranging above 0%. Traders willing to buy at a discount could, therefore, wait for the metric to go in the absolute undervalued zone.The stage is now set for Cardano to thrive until the hard fork. With criticism already ramping up because of previous delays, there is no place for complacency for Hoskinson’s team now.Subscribe to get it daily in your inbox.

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