Cardano's Strong Ties with AVAX and MATIC: Future Gains?

Cardano (ADA) shows a strong correlation with Avalanche (AVAX) and Polygon (MATIC), with correlation coefficients of 0.99 and 0.98 respectively. Despite recent price declines, on-chain data and market sentiment suggest potential future gains. Negative weighted sentiment indicates low confidence, but could also signal a good accumulation period before a surge. The Market Value to Realize Value (MVRV) ratio suggests these tokens are currently undervalued, hinting at possible price recoveries for ADA, AVAX, and MATIC.