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Cardano Is a Rocket, European Parliament Member Says

Cardano Is a Rocket, European Parliament Member Says

Cardano Is a Rocket, European Parliament Member Says

MEP Stefan Berger tweeted about his meeting with Frederik Gregaard, CEO of the Cardano Foundation. He revealed that some of the discussions revolved around MiCA, Europe’s crypto regulatory package. “Cardano is a rocket ship in the crypto space,” he said. so full of praise for the cryptocurrency. Frederik Gregaard, who also tweeted about the meeting, described the German politician as a passionate and dedicated politician who asked insightful questions about Cardano and dedicated to driving the growth of blockchain applications across the EU.

Since 2019, Dr. Stefan Berger, a German economist and politician belonging to the Christian Democratic Union (CDU), Member of the European Parliament. He previously served in the North Rhine-Westphalian state parliament. In April, a draft comprehensive crypto regulatory package for markets in crypto assets (MiCA) was approved by the European Parliament’s Committee on Economic and Monetary Affairs. The framework deals with many different aspects of cryptocurrency.

Industry, including the regulation of cryptocurrency exchanges and the status of all major cryptocurrencies and stablecoins. In a tweet on October 10, Stefan Berger confirmed that the committee accepted the MiCA legislation.

Cardano climbs 15%

Cardano (ADA) has been one of the biggest gainers among the top 10 cryptocurrencies, surging by as much as 15%. This is because on-chain analytics firm Santiment noted that Cardano has never been the most undervalued since January 2019. On Oct. 22, Santiment wrote, “Cardano is now at its lowest relative position compared to its realized value since January 2019.

This is an undervaluation signal based on average trader losses. The ADA price doubled in the following 3 months when the MVRV Z-Score last reached this level, in the last 24 hours.

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