"Cardano (ADA) is one of the most undervalued cryptocurrencies on the market"

[Michar1 1693]

Cardano could be the true dark horse in the cryptocurrency industry, according to Weiss Crypto Ratings.

 

Weiss Crypto Ratings, a cryptocurrency division of the financial ratings company of the same name, recently put Cardano (ADA) in the spotlight by naming it one of the most “undervalued” digital assets. It states that the ADA price does not reflect the fundamentals of the project, but the agency did not elaborate on the reason behind the bullish call.

 

A weak point for Cardano

In November, Weiss concluded that Cardano was "far superior" to EOS. The latter fell from the good graces of the agency due to its centralized government model.

Weiss also praised Cardano for thoroughly researching and testing the new features before they are implemented.

 

Moving towards decentralization

After numerous tedious delays, Cardano finally moved forward with the Shelley era to implement its vision of a decentralized public blockchain.

As recently reported, Cardano recently launched the Daedalus Rewards wallet for staking ADA tokens after its incentivized testnet went live three days earlier.

Cardano-focused research and development company IOHK revealed that they had managed to incorporate 120 stake pools on day one.

 

 

ADA received a B + for technology and adoption, while its risk-reward mark is just E +. According to Weiss, the project's technology is excellent, but its price performance is very weak.

Edited November 15, 2020 by Michar1

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