Cardano [ADA] recorded a new lowest realized value as indications of being an undervalued asset reappeared. According to Santiment, ADA last recorded such in January 2019. Interestingly, the ADA price doubled after the 2019 low position. 

#Cardano now sits at its lowest relative position compared to its realized value since Jan, 2019. This is a sign of undervaluation based on average trader losses. $ADA‘s price doubled the following 3 months the last time its MVRV Z-Score hit this level. https://t.co/D8Bwk2GWEB pic.twitter.com/gnOuGVqqOq

— Santiment (@santimentfeed) October 22, 2022

---

Here’s AMBCrypto’s Price Prediction for Cardano for 2022-2025

---

With its Market Value to Realized Value (MVRV) Z- score at -1.35, ADA investors might hope that the turns of 2019 happen again in 2022. But were other indications in pole position with the signals of the undervalued state?

Probably ready to follow

As the Z-score indicated a possible price uptick in the coming months, the MVRV ratio seemed to follow. Santiment data showed that ADA’s thirty-day MVRV ratio was -20% on 15 October. At that rate, it indicated that investors were far off from making profits, not to mention double ROI of their holdings. 

At press time, the MVRV ratio had moved up remarkably to -12.53%. While this was no assurance that profit was on its way, it might agree with the possibility of a price increase in the mid-term. 

Of course, it might be a reach expecting ADA to double in price. At the same time, it was not impossible especially with ADA increasing to $0.35 from the previous day value. Based on CoinMarketCap data, the price rise was 4.14%, making a significant increase from its dip to $0.33 on 21 October.

In addition to the MVRV ratio, ADA investors could also observe the price trend. As such, ADA’s price might be making moves of its potential uptick. This was revealed by the state of the daily active addresses. Santiment data showed that the daily active addresses were 69,500 as of this writing. Hence, these investors could be ready since recording increases since 19 October.

However, it might mean “jumping into conclusion” without considering the ADA momentum and price action.

Where next from here?

A look at the charts showed that ADA was in an excellent momentum. The Relative Strength Index (RSI) was at 47.92, with signs of a further increase. At the current rate, ADA sustaining the buying momentum could raise the price much higher  than $0.35.

In addition, the Bollinger Bands (BB) revealed that ADA could be on the verge of a price spike. The BB indicated that the coin might leave the low volatility region. If so, the increasing support zone from $0.333 to $0.346 could drive ADA higher in the short-term. 

As for the Moving Average Convergence (MACD), ADA might need more than the spring buying momentum to succeed in the price hike objective. With both buyer strength (blue) and sellers (orange) remaining below the histogram, investors might need to exercise a little more patience before a guaranteed rally.

 As Shiba Inu and DogeCoin crash, Big Eyes Coin shows promise.

There is no mistaking that the current financial crisis has hit the crypto market. As opposed to what many investors initially believed, digital currencies were not immune to the present-day economic situation, and as a result, the market capitalisations of the leading cryptocurrencies have plummeted to unimaginable depths. 

Promising coins such as Terra (LUNA) have more or less died (even if not directly tied to the economic situation), and investors have been left to decide whether to cash out or simply sit tight.

The meme market-leading tokens Dogecoin (DOGE) and Shiba Inu (INU) have not avoided the crisis either. During its peak in 2021, Dogecoin (DOGE) reached a total market capitalisation of over $88 billion. At the time of writing this, the market capitalisation is only over $7 billion. Safe to say, it has not been a great year for cryptocurrencies, but there may be some hope still.

Although Big Eyes Coin (BIG) is only in its third stage of presale, this adorable cat has managed to raise $3.5 million and is taking the internet by storm. Will it have the potential to shine some light during this dark crypto winter?

As Hype Fades Away, Dogecoin Is Left To Pick Up The Pieces

Economic problems are not the only thing Dogecoin (DOGE) has to worry about right now. After Elon Musk’s Twitter endorsements of this funny dog coin wore off, he now faces a lawsuit for contributing to a Ponzi scheme.  Accusers claim Musk intentionally drove up the price of Dogecoin (DOGE), effectively generating a pyramid scheme. While this lawsuit is not settled yet, it definitely hurts Dogecoin’s (DOGE) credibility.

‘Dogecoin Killer’, Shiba Inu Is Focusing On Its Survival Right Now

Dogecoin’s (DOGE) main rival, Shiba Inu (INU), has also suffered from similar reasons for its downfall. Elon Musk’s manipulative words sparked investment in this meme token when he expressed interest in getting a Shiba Inu puppy. Now all the buzz has gone, Shiba Inu developers are working on creating features that will make its ecosystem thrive without Elon Musk’s help. But the damage has already been done.

Is Big Eyes Coin The Meme Coin Saviour?

This is hard to predict.  However, with the speed Big Eyes (BIG) presale tokens are being sold, and the token’s price rising by 25% whenever each stage is completed, it is safe to say Big Eyes Coin (BIG) is doing incredibly well for itself during a time of economic strain. 

And not just for itself, the Big Eyes Coin (BIG) community is effectively driving this hype. With heavily engaged social media channels and a Telegram group that provides exclusive announcements, the community is easily drawn to Big Eyes’ story and the powerful charitable message behind it. 

For those interested, Big Eyes Coin (BIG) runs many competitions, including the current Gleam competition , where anyone can win $250,000. Competitions are just one of the methods Big Eyes Coin (BIG) will use to grow its investor base, as 5% of its total tokens will be used for a marketing wallet. As is clear to see, the marketing is working already. 

So will Big Eyes Coin (BIG) become the meme market’s saving grace after Dogecoin’s (DOGE) and Shiba Inu’s (INU) downfall? If it continues to grow at its current rate, then potentially. 

Michael Marot, The Associated Press

BLOOMINGTON, Ind. (AP) — Grace Berger scored the last of her 15 points on a spinning, tiebreaking layup with 28.2 seconds left and Nicole Cardano-Hillary added 12 points Monday night help to help third-seeded Indiana beat 11th-seed Princeton 56-55 and reach its second straight Sweet 16.

Ali Patberg sealed the win in her home finale with a steal with 3.8 seconds left and Aleksa Gulbe closed it out with two free throws.

The Hoosiers (24-8) have won five of their last six and swept the first two NCAA Tournament games they’ve ever hosted — in front of a loud, large crowd. Indiana also has tied its single-season school record for wins.

Afterward the Hoosiers celebrated by jogging into the student section as the band played the school fight song and then lifted coach Teri Moren after the alma mater played. Indiana now faces either second-seeded UConn or seventh-seeded UCF on Saturday in Bridgeport, Connecticut.

The Hoosiers advanced on a night Princeton (25-5) was trying to post a tourney record ninth victory by a double-digit seed. Instead, the Tigers had their 18-game winning streak snapped while shooting 32.8% from the field and three of its top players got into early foul trouble.

 

Julia Cunningham and Grace Stone each scored 13 to lead Princeton. Ivy League player of the year Abby Meyers had 11 points, going just 3 of 14 from the field and missing her first six 3-point attempts before making her last as the buzzer sounded.

The Ivy League tourney champs sure made it tough on Indiana.

After trailing 39-29 at halftime, the Tigers stingy defense limited Indiana to just three baskets in the third quarter as they pulled within 45-42.

And when Ellie Mitchell capped an 8-0 run early in the fourth with a layup at the 5:19 mark, Princeton led 50-49.

Cardona-Hillary’s layup gave Indiana the lead, but Princeton answered with two free throws from Meyers with 1:12 to go.

Berger tied the score by making 1 of 2 free throws with 58.1 seconds left and then broke the tie with her layup on a play called during a timeout before Gulbe closed it out.

BIG PICTURE

Princeton: Women’s basketball fans need to pay attention to what coach Carla Berube is building. They Tigers already have one of the nation’s stingiest defenses, balanced scoring and play with discipline that’s hard to match. It’s why they beat Southeastern Conference tourney champ Kentucky on Saturday and gave the Big Ten tourney runner-up everything it could handle Monday. And only one key player, Meyers, is a senior.

Indiana: The Hoosiers survived in front of the third-largest crowd in school history, 9,627. And they needed all the energy the crowd could muster. But after making the deepest tourney run in school history last year, to the Elite Eight, and hosting NCAA tourney games for the first time, Indiana wasn’t going to let any foe to deter it from making another Sweet 16 run.

UP NEXT

Indiana faces either second-seeded UConn or seventh-seeded UCF on Saturday in Bridgeport, Connecticut.

 

While Bitcoin and Ethereum both set new all-time highs yesterday, people are doggedly determined to talk about the Shiba Inu (SHIB) token. SHIB — based on a Japanese hunting dog and developed to be the main crypto-canine competitor to Dogecoin — is ranked No. 11 with a market capitalization of more than $30 billion on two separate crypto pricing websites. It continues to nip at the heels of Dogecoin, which is two spots and $6 billion ahead in the rankings.

Despite that market cap dogfight and Shiba’s continuing popularity, there are three potential problems that could end up biting handlers and holders of the SHIB token.

1. Shiba’s circulating supply is highly concentrated. According to blockchain explorer Etherscan.io, 63.6% of SHIB’s total available supply is held by 10 wallets. Those wallets could be held by fewer than 10 individuals OR all by one person. Even Shiba’s own audit report posted to its website shows that 53.9% of its available supply is held in four wallets. That’s a significant risk if any of those individuals decide to dump this crypto dogstar.
2. Shiba has a limited number of use cases right now. SHIB’s most significant use is as a method of exchange, but even as a payment option it’s fighting for scraps. According to Cryptwerk, only 112 total merchants accept SHIB. But that’s puppy kibble compared to the 7586 merchants who accept Bitcoin; 3887 who accept Ethereum; and 3127 who accept Litecoin. The Shiba developers recognized its limited use case so they created two more tokens to help pull that sled: its LEASH token is supposed to serve as a store of value, while its BONE token serves as a loyalty reward and voting/governance token for the community. However neither of those coins have enough users to even rank in the top 3000 traded coins or have a market cap number.
3. Shiba’s development roadmap is fuzzy for the future. Yes, it launched its own decentralized trading exchange (DEX) in July, which allows users to earn interest on certain idle crypto assets and higher yields for depositing popular coins to keep that market liquid. It also plans for its DEX to serve as a secondary market for its users to trade Shiba-specific NFTs. But what then? How will SHIB developers keep adding value? Shiba Inu’s own white paper lays out that its developers have been volunteers who only began to be paid this summer. It’s entire future roadmap in that white paper is only seven paragraphs long, half of which focus on marketing. It only mentions in passing its “top secret 2021 Ruffmap.” Regrettably, this article you’re reading has more words than the Shiba white paper section on Future Development — I counted. That should be a concern to anyone interested in the Shiba project, because knowing what’s next is a critical part of due diligence and sustainability of a crypto project. That’s especially true when you compare Shiba’s “non-plan” with the transparent, dozens of peer-reviewed published articles, and over-communicative approach to the gold standard in development set by the team behind Cardano. While every dog has its day, perhaps the development day has already passed for Shiba.

Despite these problems — and they’re real, not mere fear, uncertainty, or doubt by a biased media — Shiba also has a real, singular saving grace and that’s its rabid community base. According to its CERTIK audit report, more than 975,000 people hold some amount of SHIB, and this week, the number of followers (1.8 million) to Shiba Inu’s official Twitter account surpassed the number (1.7 million) of crypto-big-dog Ethereum’s official Twitter feed.

If more dog soldiers join the #ShibArmy — as they call themselves — the SHIB community itself could outrun the token’s lackluster fundamentals and technicals, creating a network effect that merchants can’t ignore and creative developers bite down on in support. Ultimately, it could be the users of Shiba Inu that are the tail that keeps this dog wagging.

Source: Awakening Health

What’s Awakening Health and the Grace humanoid?

Founded in 2020, Awakening Health Limited is a joint venture between Hanson Robotics and SingularityNET, a decentralized marketplace for AI solutions. SingularityNet announced its partnership with Cardano in Jan. 2021, switching from an Ethereum’s blockchain to Cardano’s. So, it made sense for Awakening Health’s Grace robot to use Cardano’s blockchain technology. Since switching to the Cardano blockchain, SingularityNet has become the third-largest project on the Cardano ecosystem.

Article continues below advertisement

Awakening Health looks to improve the biomedical and healthcare spaces with AI and robots. Grace will be the venture’s first AI-powered robot, which is being built for engaging with the elderly. The humanoid has the physical appearance of a healthcare worker, speaks English and Korean, and can execute tasks that nursing assistants typically do.

Grace is also built to detect and express human emotion, which can be great for older adults who are limited to visitations. The robot is very different from the Tesla bot, as Grace is specifically made for the health sector. The Cardano blockchain will improve Grace’s performance, allowing it to process biodata faster.

Article continues below advertisement

How to invest in robotics

While there are limited public companies to invest in that are specifically for robotics, many companies develop technology or own a company that focuses on robotics. Tesla (TSLA), developing its own robot, is one. Those who want to invest in Boston Dynamics can buy shares of Hyundai Motors (HYMTF), its parent company. Although Hanson Robotics and SingularityNET don’t publicly offer stock, you can acquire SingularityNET’s cryptocurrency, AGIX. The AGIX token is available on crypto exchanges such as Binance and KuCoin.

The much-awaited arrival of smart contract integration on the Cardano network has been followed by a diverse range of projects opting to build on it. Among them will be a humanoid called Grace, whose developers have chosen Cardano to power the robot’s Artificial Intelligence (AI) modules.

Grace was designed by Awakening Health and SingularityNET to be used in both eldercare and general healthcare. The bilingual robot can speak English and Korean, is also capable of simulating 48 facial muscles and mirroring a patient’s emotion, qualities that allow it to have meaningful social interactions with them, according to a blog post by Cardano developers Input Output HK (IOHK).

Its integration with Cardano is supposed to boost its performance further, as the time to process biodata will be reduced. Apart from that, the network will also help in protecting medical records by making the AI system more secure and private, according to SingularityNET CEO Ben Goertzel. He explained,

“In applications like that, the robot needs to deal with medical records on the back end, and it needs to deal with potentially confidential information that elderly folks and medical patients can give her… This really makes use of the security of the Cardano platform.”

The healthcare crisis caused by the Covid-19 pandemic has given a huge boost to the eldercare robotics industry, and Cardano will allow Grace to scale according to the global demand, noted Goertzel.

Speaking at the Cardano Summit 2021, he further explained that Cardano’s use cases that have been activated through the Plutus smart contract platform would allow his company to do “many interesting things” that weren’t possible due to the limitations of Solidity. Last September, the decentralized AI company became one of the first that had chosen to at least partially migrate to Cardano from Ethereum.

The CEO also announced that the company’s AGIX token was also “not too far” from being launched on the Cardano mainnet, which he had earlier claimed to be “quite superior.”

This boost in innovation that has been stimulated by Cardano’s smart contract integration could see the network hosting several such forward-looking projects. While Grace has welcomed Cardano’s AI era, its commercial arm EMURGO had recently announced the launch of Astarter, Cardano’s very own DeFi venture. This will allow the network to host a decentralized exchange and money markets.

If that wasn’t enough, IOHK also announced the “lightwallet” recently, which will reportedly allow users to interact with Cardano without internet access. the devs also added that it will be the “first blockchain wallet that will be able to carry out transactions, hold NFTs, make purchases and more all in one mobile application.”

Despite several partnerships being announced during the summit over the weekend, at the time of writing, the price of Cardano’s native currency ADA had lost 3.1% of its valuation in the past 24 hours.