Cardano (ADA) Remains Heavily Undervalued Amid Anticipated Altseason Ahead

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The Web3 is a truly dynamic world, and there’s no telling what the next development will be. Solana (SOL) and Toncoin (TON) has outshined Cardano (ADA). Cardano has drawn both praise and criticism, leaving its role in the crypto space up for debate.

Some crypto enthusiasts view Cardano as a “sleeping giant” ready for a bullish breakout. Others, however, consider it a “zombie project” that might underperform in the current market cycle. This reflects the diverse opinions within the crypto community about Cardano’s future.

The Cardano ecosystem currently holds over $192 million in total value locked (TVL), supported by DeFi protocols like Minswap, Indigo, and Liqwid. On the development side, Cardano is nearing the final stage of decentralization with the upcoming Chang upgrade, which will bring new self-sustaining features.

Cardano’s number of addresses with a balance has hovered around 4.45 million for over a year. Here's what's going on