Founder of crypto exchange FTX Sam Bankman-Fried says he is willing to bet that the Cardano (ADA) smart contract platform will appear on his platform soon.
In response to a Twitter user claiming that FTX is avoiding including ADA, Bankman-Fried he pointed that ADA perpetual futures contracts are now available on the platform.
“Definitely not the case!
we have [ADA-Perp] internationally listed; adding spot ADA is also on our roadmap”
Bankman-Fried also hinted that the exchange’s absence of ADA is more logistical than anything else, saying that FTX is still looking to secure enough validators for rival Ethereum’s (ETH) blockchain.
“Heh, no, it’s not intentional: tokens that are on blockchains that we already support are easier, so ERC20/etc. the tokens come almost automatically, but yeah, we still need to make sure we have a good Cardano validator analytics for deposits/withdrawals.”
The CEO of FTX answered to any skeptics with a friendly bet, and gave a 3-month lead time, implying that ADA could be listed on the exchange by the end of January.
“Hm, if you think I’m lying, would you make a 1:1 bet on whether FTX lists the ADA spot within the next 3 months? Can you choose the size?
Recently, crypto analytics firm Sentiment said that ADA is significantly undervalued, citing its MVRV-Z-Score, which compares an asset’s market value to its actual value. According to the firm, ADA’s MVRV Z-Score is at a level not seen since early 2019, just before competitor Ethereum doubled in price.
“Cardano is now at its lowest relative position compared to its realized value since January 2019. This is a sign of undervaluation based on average trader losses. ADA price doubled in the following three months the last time its MVRV Z-Score reached this level.”
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