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Cardano Is a Rocket, European Parliament Member Says

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Tomiwa Bold Oragede

Cardano (ADA) had the biggest gain among the top 10 cryptocurrencies, up 15%.

MEPs Stephen Berger tweeted about meeting Frederik Gregaard, CEO of the Cardano Foundation. He revealed that part of the discussion revolved around his MiCA, a European crypto regulatory package. “Cardano is the rocket of the crypto space,” he continued, praising the cryptocurrency.

Tweeting about the meeting, Frederik Gregaard called German politicians insightful questions about Cardano, a passionate and engaged policymaker dedicated to fostering the growth of blockchain applications across the EU. I explained.

Since 2019, Dr. Stefan Berger, a German economist and politician who belongs to the Christian Democratic Union (CDU), has been a member of the European Parliament. He was previously a member of the North Rhine-Westphalia parliament.

A draft comprehensive cryptocurrency marketplace (MiCA) crypto regulatory package was adopted in April by the European Parliament’s Committee on Economic and Monetary Affairs. The framework addresses various aspects of the cryptocurrency industry, including regulation of cryptocurrency trading platforms and the status of all major cryptocurrencies and stablecoins.

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In a tweet on October 10th, Stefan Berger confirmed that the Commission had accepted the MiCA Act.

Cardano gains 15%

Cardano (ADA) had the biggest gain among the top 10 cryptocurrencies, up 15%.This follows the on-chain analytics firm santimento Cardano has never been undervalued since January 2019.

On October 22, Santiment wrote: MVRV Z-score reached this level. “

At the time this article was published, ADA was trading at $0.40, up 13% over the past 24 hours.

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