Crypto analytics firm Santiment says that — based on its data — $ADA is undervalued at the moment and that its price is likely to do double within the next three months.

On 13 April 2021, Santiment announced in a blog post that it had added a metric named “MVRV ratio (Z-score)” to its Sanbase platform. This metric “measures the deviation between the coin’s market and realized value.” In a blog post published on 21 March 2021, Santiment provided more information on why this is a useful metric:

When it comes to valuation methods and coin due diligence, the MVRV (Market Value to Realized Value) ratio has become an increasingly popular choice among on-chain analysts.

While it’s not without its drawbacks, the metric provides a simple way to gauge whether a certain coin is currently over- or undervalued, and the likelihood of an upcoming trend reversal.

Well, earlier today, Santiment tweeted that $ADA is currently “at its lowest relative position compared to its realized value” since January 2019, and that this suggests it is undervalued based on “average trader losses”. It also mentioned that the last time $ADA’s MVRV ratio was this low, its price doubled “in the following three months.”

On October 3, Dan Gambardello, Founder of Crypto Capital Venture, as well as the host of the very popular YouTube channel “Crypto Capital Venture”, gave his long-term price target for Cardano ($ADA).

Gambardello told his over 235K Twitter followers:

Two days later, he released a YouTube video, in which he spoke about his “clear vision” for Cardano and his long-term price target for $ADA:

Gambardello said:

I have a clear vision for Cardano, and while there are no guarantees, I 100% see it. I clearly see it. And I’m willing to take a risk on it. It’s about time in this video, I zoom out on Cardano. It’s about time we talk about the vision…

I say it all the time: a big piece of it for me is how Cardano is approaching that trilemma — decentralisation, security, scalability. The way that Cardano is doing it and the foundation that’s being built is what’s allowing the opportunity to be so solid, to be so strong…

Now, let’s start here. This was a tweet from yesterday, and it really is simple, everybody. There’s a lot of people that disagree with this, but I want to lay it out for you in this video. $15 divided by 42 cents, which is what Cardano was when I tweeted, equals 35X. At the end of the day, no matter how deep I dive into the fundamentals of any crypto… I’m here as an investor. I’m here trying to plan for the future of my family, and so this is as simple as it gets.

Gambardello went on to say that he believes that Cardano’s market cap, which is currently around $14.82 billion, could reach $550 billion (possibly as early as in the next bull cycle, but maybe in several years), which is where his 15X upside potential for $ADA comes from.

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