![\"\"](\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/05\/6625198-849x1024.png\")
<\/figure><\/div>\n\n\nADA Score<\/strong><\/h2>\n\n\n\n![\"\"](\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/05\/Bar-1-1024x193.png\")
<\/figure><\/div>\n\n\nADA’s bullish score is a testament to its robust fundamentals and consistent growth.<\/p>\n\n\n\n
How Did We Arrive at This Score?<\/strong><\/h2>\n\n\n\nWe scrutinized ADA across 4 important parameters, offering a well-rounded perspective on the cryptocurrency’s strengths and weaknesses.<\/p>\n\n\n\n
1. Price<\/strong> Performance \u2705<\/strong><\/h2>\n\n\n\nThough past price movements don\u2019t necessarily dictate future prices, it\u2019s good to know how your investments have performed historically.<\/p>\n\n\n
\n![\"\"](\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/05\/image-12.png\")
<\/figure><\/div>\n\n\n2. Fundamental Analysis \u2705<\/strong><\/h3>\n\n\n\nThis section focuses on evaluating the Cardano network on key on-chain metrics.<\/p>\n\n\n\n
2.1. Active Addresses Count<\/strong><\/h3>\n\n\n\nThe number of active addresses reflects the network’s activity. More active addresses indicate a growing network, which positively affects the token price.<\/p>\n\n\n\n
Average monthly<\/strong> active addresses<\/strong> on Cardano went from ~ 140k to around 1.5M<\/strong> between 2018 to 2023. It grew at a CAGR of ~61%.<\/strong><\/p>\n\n\n\n2.2. NVT Ratio<\/strong><\/h3>\n\n\n\n\ud83d\udca1 NVT Ratio: <\/strong>It compares the market cap of a cryptocurrency to its transaction volume. A high NVT ratio indicates that the market cap is outpacing the transaction volume, which may be a sign of a bubble. A very low NVT ratio would mean the token is currently highly undervalued.<\/p>\n\n\n\n![\"\"](\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/05\/Frame-480964048-1-1024x240.png\")
<\/figure><\/div>\n\n\nP.S. This ratio shouldn\u2019t be looked at in isolation and must always be combined with other indicators. As a general rule of thumb, an NVT ratio that is more than twice the historical average is considered to be significantly higher.<\/em><\/p>\n\n\n\n2.3. Blockchain Network Profitability<\/strong><\/h3>\n\n\n\nThis is calculated by subtracting the net incentives given to network participants like validators from the platform’s overall income.
100% of the fees generated by the Cardano network goes to the validators. In May 2023, Cardano generated over $229k in fees<\/strong>, exhibiting an 86% YoY growth<\/strong><\/p>\n\n\n\n3. Community<\/strong> Sentiment<\/strong><\/h3>\n\n\n\nOver the last 7 days, Cardano was mentioned ~31.7k times across Telegram and Twitter, of which ~10.6k mentions were positive, ~1.4k were negative, and about 19.7k were neutral.<\/p>\n\n\n
\n![\"\"](\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2023\/05\/21396865-1-1024x629.png\")
<\/figure><\/div>\n\n\n4. Technical Analysis \u2705<\/strong><\/h3>\n\n\n\nOscillators:<\/strong> They are typically used to identify overbought and oversold conditions. When an oscillator is oversold, it indicates that the security is underpriced and may be due for a rally and vice versa.
Moving Averages: <\/strong>They help identify trends and trend reversals. When a moving average crosses above another moving average, it indicates that the trend is bullish. When a moving average crosses below another moving average, it indicates that the trend is bearish.<\/p>\n\n\n\n\ud83d\udca1Although technical analysis suggests that ADA is likely to experience a sell pressure in the short term, its strong fundamentals make it a valuable long-term investment.<\/p>\n\n\n\n
Key Highlights<\/strong><\/h2>\n\n\n\n1. ADA’s market capitalization increased by 54% QoQ, moving Cardano from the 9th to the 7th position in terms of market cap.<\/p>\n\n\n\n
2. Total Value Locked (TVL) in Cardano’s DeFi ecosystem grew by 172% QoQ, driven by established protocols like MinSwap and newer protocols like Liqwid Finance.<\/p>\n\n\n\n
3. The total stablecoin value on Cardano increased by 261% QoQ, mainly due to the adoption of Indigo’s IUSD and Djed’s DJED stablecoins.<\/p>\n\n\n\n
Disclaimer:<\/strong> None of the information in this article is intended to be financial advice, please do your own research before making any investments.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Hey, It\u2019s #day2 of our \u2018Coin Of The Day\u2019 series. Today we will talk about ADA, the native token of the Cardano blockchain. Below is a detailed report of ADA where we evaluate the cryptocurrency on various fundamental, social, and technical parameters. We also assign a score to it to help you make informed investments […]<\/p>\n","protected":false},"author":3,"featured_media":67563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[1082],"tags":[],"_links":{"self":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67556"}],"collection":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/comments?post=67556"}],"version-history":[{"count":4,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67556\/revisions"}],"predecessor-version":[{"id":67567,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67556\/revisions\/67567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/media\/67563"}],"wp:attachment":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/media?parent=67556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/categories?post=67556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/tags?post=67556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/figure><\/div>\n\n\nADA’s bullish score is a testament to its robust fundamentals and consistent growth.<\/p>\n\n\n\n
How Did We Arrive at This Score?<\/strong><\/h2>\n\n\n\nWe scrutinized ADA across 4 important parameters, offering a well-rounded perspective on the cryptocurrency’s strengths and weaknesses.<\/p>\n\n\n\n
1. Price<\/strong> Performance \u2705<\/strong><\/h2>\n\n\n\nThough past price movements don\u2019t necessarily dictate future prices, it\u2019s good to know how your investments have performed historically.<\/p>\n\n\n
\n<\/figure><\/div>\n\n\n2. Fundamental Analysis \u2705<\/strong><\/h3>\n\n\n\nThis section focuses on evaluating the Cardano network on key on-chain metrics.<\/p>\n\n\n\n
2.1. Active Addresses Count<\/strong><\/h3>\n\n\n\nThe number of active addresses reflects the network’s activity. More active addresses indicate a growing network, which positively affects the token price.<\/p>\n\n\n\n
Average monthly<\/strong> active addresses<\/strong> on Cardano went from ~ 140k to around 1.5M<\/strong> between 2018 to 2023. It grew at a CAGR of ~61%.<\/strong><\/p>\n\n\n\n2.2. NVT Ratio<\/strong><\/h3>\n\n\n\n\ud83d\udca1 NVT Ratio: <\/strong>It compares the market cap of a cryptocurrency to its transaction volume. A high NVT ratio indicates that the market cap is outpacing the transaction volume, which may be a sign of a bubble. A very low NVT ratio would mean the token is currently highly undervalued.<\/p>\n\n\n\n<\/figure><\/div>\n\n\nP.S. This ratio shouldn\u2019t be looked at in isolation and must always be combined with other indicators. As a general rule of thumb, an NVT ratio that is more than twice the historical average is considered to be significantly higher.<\/em><\/p>\n\n\n\n2.3. Blockchain Network Profitability<\/strong><\/h3>\n\n\n\nThis is calculated by subtracting the net incentives given to network participants like validators from the platform’s overall income.
100% of the fees generated by the Cardano network goes to the validators. In May 2023, Cardano generated over $229k in fees<\/strong>, exhibiting an 86% YoY growth<\/strong><\/p>\n\n\n\n3. Community<\/strong> Sentiment<\/strong><\/h3>\n\n\n\nOver the last 7 days, Cardano was mentioned ~31.7k times across Telegram and Twitter, of which ~10.6k mentions were positive, ~1.4k were negative, and about 19.7k were neutral.<\/p>\n\n\n
\n<\/figure><\/div>\n\n\n4. Technical Analysis \u2705<\/strong><\/h3>\n\n\n\nOscillators:<\/strong> They are typically used to identify overbought and oversold conditions. When an oscillator is oversold, it indicates that the security is underpriced and may be due for a rally and vice versa.
Moving Averages: <\/strong>They help identify trends and trend reversals. When a moving average crosses above another moving average, it indicates that the trend is bullish. When a moving average crosses below another moving average, it indicates that the trend is bearish.<\/p>\n\n\n\n\ud83d\udca1Although technical analysis suggests that ADA is likely to experience a sell pressure in the short term, its strong fundamentals make it a valuable long-term investment.<\/p>\n\n\n\n
Key Highlights<\/strong><\/h2>\n\n\n\n1. ADA’s market capitalization increased by 54% QoQ, moving Cardano from the 9th to the 7th position in terms of market cap.<\/p>\n\n\n\n
2. Total Value Locked (TVL) in Cardano’s DeFi ecosystem grew by 172% QoQ, driven by established protocols like MinSwap and newer protocols like Liqwid Finance.<\/p>\n\n\n\n
3. The total stablecoin value on Cardano increased by 261% QoQ, mainly due to the adoption of Indigo’s IUSD and Djed’s DJED stablecoins.<\/p>\n\n\n\n
Disclaimer:<\/strong> None of the information in this article is intended to be financial advice, please do your own research before making any investments.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Hey, It\u2019s #day2 of our \u2018Coin Of The Day\u2019 series. Today we will talk about ADA, the native token of the Cardano blockchain. Below is a detailed report of ADA where we evaluate the cryptocurrency on various fundamental, social, and technical parameters. We also assign a score to it to help you make informed investments […]<\/p>\n","protected":false},"author":3,"featured_media":67563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[1082],"tags":[],"_links":{"self":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67556"}],"collection":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/comments?post=67556"}],"version-history":[{"count":4,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67556\/revisions"}],"predecessor-version":[{"id":67567,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67556\/revisions\/67567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/media\/67563"}],"wp:attachment":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/media?parent=67556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/categories?post=67556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/tags?post=67556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Though past price movements don\u2019t necessarily dictate future prices, it\u2019s good to know how your investments have performed historically.<\/p>\n\n\n
<\/figure><\/div>\n\n\n2. Fundamental Analysis \u2705<\/strong><\/h3>\n\n\n\nThis section focuses on evaluating the Cardano network on key on-chain metrics.<\/p>\n\n\n\n
2.1. Active Addresses Count<\/strong><\/h3>\n\n\n\nThe number of active addresses reflects the network’s activity. More active addresses indicate a growing network, which positively affects the token price.<\/p>\n\n\n\n
Average monthly<\/strong> active addresses<\/strong> on Cardano went from ~ 140k to around 1.5M<\/strong> between 2018 to 2023. It grew at a CAGR of ~61%.<\/strong><\/p>\n\n\n\n2.2. NVT Ratio<\/strong><\/h3>\n\n\n\n\ud83d\udca1 NVT Ratio: <\/strong>It compares the market cap of a cryptocurrency to its transaction volume. A high NVT ratio indicates that the market cap is outpacing the transaction volume, which may be a sign of a bubble. A very low NVT ratio would mean the token is currently highly undervalued.<\/p>\n\n\n\n<\/figure><\/div>\n\n\nP.S. This ratio shouldn\u2019t be looked at in isolation and must always be combined with other indicators. As a general rule of thumb, an NVT ratio that is more than twice the historical average is considered to be significantly higher.<\/em><\/p>\n\n\n\n2.3. Blockchain Network Profitability<\/strong><\/h3>\n\n\n\nThis is calculated by subtracting the net incentives given to network participants like validators from the platform’s overall income.
100% of the fees generated by the Cardano network goes to the validators. In May 2023, Cardano generated over $229k in fees<\/strong>, exhibiting an 86% YoY growth<\/strong><\/p>\n\n\n\n3. Community<\/strong> Sentiment<\/strong><\/h3>\n\n\n\nOver the last 7 days, Cardano was mentioned ~31.7k times across Telegram and Twitter, of which ~10.6k mentions were positive, ~1.4k were negative, and about 19.7k were neutral.<\/p>\n\n\n
\n<\/figure><\/div>\n\n\n4. Technical Analysis \u2705<\/strong><\/h3>\n\n\n\nOscillators:<\/strong> They are typically used to identify overbought and oversold conditions. When an oscillator is oversold, it indicates that the security is underpriced and may be due for a rally and vice versa.
Moving Averages: <\/strong>They help identify trends and trend reversals. When a moving average crosses above another moving average, it indicates that the trend is bullish. When a moving average crosses below another moving average, it indicates that the trend is bearish.<\/p>\n\n\n\n\ud83d\udca1Although technical analysis suggests that ADA is likely to experience a sell pressure in the short term, its strong fundamentals make it a valuable long-term investment.<\/p>\n\n\n\n
Key Highlights<\/strong><\/h2>\n\n\n\n1. ADA’s market capitalization increased by 54% QoQ, moving Cardano from the 9th to the 7th position in terms of market cap.<\/p>\n\n\n\n
2. Total Value Locked (TVL) in Cardano’s DeFi ecosystem grew by 172% QoQ, driven by established protocols like MinSwap and newer protocols like Liqwid Finance.<\/p>\n\n\n\n
3. The total stablecoin value on Cardano increased by 261% QoQ, mainly due to the adoption of Indigo’s IUSD and Djed’s DJED stablecoins.<\/p>\n\n\n\n
Disclaimer:<\/strong> None of the information in this article is intended to be financial advice, please do your own research before making any investments.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Hey, It\u2019s #day2 of our \u2018Coin Of The Day\u2019 series. Today we will talk about ADA, the native token of the Cardano blockchain. Below is a detailed report of ADA where we evaluate the cryptocurrency on various fundamental, social, and technical parameters. We also assign a score to it to help you make informed investments […]<\/p>\n","protected":false},"author":3,"featured_media":67563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[1082],"tags":[],"_links":{"self":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67556"}],"collection":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/comments?post=67556"}],"version-history":[{"count":4,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67556\/revisions"}],"predecessor-version":[{"id":67567,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67556\/revisions\/67567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/media\/67563"}],"wp:attachment":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/media?parent=67556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/categories?post=67556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/tags?post=67556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
The number of active addresses reflects the network’s activity. More active addresses indicate a growing network, which positively affects the token price.<\/p>\n\n\n\n
Average monthly<\/strong> active addresses<\/strong> on Cardano went from ~ 140k to around 1.5M<\/strong> between 2018 to 2023. It grew at a CAGR of ~61%.<\/strong><\/p>\n\n\n\n \ud83d\udca1 NVT Ratio: <\/strong>It compares the market cap of a cryptocurrency to its transaction volume. A high NVT ratio indicates that the market cap is outpacing the transaction volume, which may be a sign of a bubble. A very low NVT ratio would mean the token is currently highly undervalued.<\/p>\n\n\n P.S. This ratio shouldn\u2019t be looked at in isolation and must always be combined with other indicators. As a general rule of thumb, an NVT ratio that is more than twice the historical average is considered to be significantly higher.<\/em><\/p>\n\n\n\n This is calculated by subtracting the net incentives given to network participants like validators from the platform’s overall income. Over the last 7 days, Cardano was mentioned ~31.7k times across Telegram and Twitter, of which ~10.6k mentions were positive, ~1.4k were negative, and about 19.7k were neutral.<\/p>\n\n\n Oscillators:<\/strong> They are typically used to identify overbought and oversold conditions. When an oscillator is oversold, it indicates that the security is underpriced and may be due for a rally and vice versa. \ud83d\udca1Although technical analysis suggests that ADA is likely to experience a sell pressure in the short term, its strong fundamentals make it a valuable long-term investment.<\/p>\n\n\n\n 1. ADA’s market capitalization increased by 54% QoQ, moving Cardano from the 9th to the 7th position in terms of market cap.<\/p>\n\n\n\n 2. Total Value Locked (TVL) in Cardano’s DeFi ecosystem grew by 172% QoQ, driven by established protocols like MinSwap and newer protocols like Liqwid Finance.<\/p>\n\n\n\n 3. The total stablecoin value on Cardano increased by 261% QoQ, mainly due to the adoption of Indigo’s IUSD and Djed’s DJED stablecoins.<\/p>\n\n\n\n Disclaimer:<\/strong> None of the information in this article is intended to be financial advice, please do your own research before making any investments.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Hey, It\u2019s #day2 of our \u2018Coin Of The Day\u2019 series. Today we will talk about ADA, the native token of the Cardano blockchain. Below is a detailed report of ADA where we evaluate the cryptocurrency on various fundamental, social, and technical parameters. We also assign a score to it to help you make informed investments […]<\/p>\n","protected":false},"author":3,"featured_media":67563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[1082],"tags":[],"_links":{"self":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67556"}],"collection":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/comments?post=67556"}],"version-history":[{"count":4,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67556\/revisions"}],"predecessor-version":[{"id":67567,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/67556\/revisions\/67567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/media\/67563"}],"wp:attachment":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/media?parent=67556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/categories?post=67556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/tags?post=67556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}2.2. NVT Ratio<\/strong><\/h3>\n\n\n\n
<\/figure><\/div>\n\n\n2.3. Blockchain Network Profitability<\/strong><\/h3>\n\n\n\n
100% of the fees generated by the Cardano network goes to the validators. In May 2023, Cardano generated over $229k in fees<\/strong>, exhibiting an 86% YoY growth<\/strong><\/p>\n\n\n\n3. Community<\/strong> Sentiment<\/strong><\/h3>\n\n\n\n
<\/figure><\/div>\n\n\n4. Technical Analysis \u2705<\/strong><\/h3>\n\n\n\n
Moving Averages: <\/strong>They help identify trends and trend reversals. When a moving average crosses above another moving average, it indicates that the trend is bullish. When a moving average crosses below another moving average, it indicates that the trend is bearish.<\/p>\n\n\n\nKey Highlights<\/strong><\/h2>\n\n\n\n