As for me Cardano is very Undervalued Compared to Ethereum. The research report published by Grayscale shows how the fundamentals of this cryptocurrency have improved over the past year.
Cardano launched the smart contracts feature with the Alonzo update this year, making it is easier for decentralized applications to launch and develop.
According to the report, Cardano currently calculates a larger payment amount per unit of market capitalization than its competitors (Ethereum and Polkadot), which suggests that the asset may be undervalued.
Cardano is already catching up with mainstream networks. In Bitcoin's network total BTC payment value is 3,1 trillion dollar, in Ethereum-2,8 and in Cardano 1,67!