Promising cryptocurrency is undervalued according to this metric
With the cryptocurrency market remaining relatively calm at the moment, investors who identify undervalued digital assets can unlock significant profit potential. In this context, an Analysis shared by DBCrypto on August 15, 2024, highlighted a promising cryptocurrency that appears to be undervalued based on the Market Cap per Daily Active Address (MCDAA) metric. DBCrypto’s Analysis drew attention to four cryptocurrencies—Avalanche (AVAX), Polkadot (DOT), MultiversX (EGLD), and Cardano (ADA)—by comparing their market capitalization with the number of daily active addresses to derive the MCDAA. Picks for you 2 cryptocurrencies to reach $100 billion market cap in September 18 mins ago Analyst warns Bitcoin chart 'indicates more ...