Cardano price could extend gains riding on bullish on-chain metrics

• Cardano is currently in an uptrend and its price is trading above $0.3786.
• The Cardano Foundation has committed to using its ADA token wallet to vote in favor of Cardano Improvement Proposal (CIP) 1694, supporting the decentralization of the network.
• On-chain metrics, such as Network realized profit/loss (NPL) and Market Value to Realized Value ratio (MVRV), are flashing bullish signals for ADA price.
• The recent spike in net realized losses of ADA wallets and the low selling pressure on the asset across exchanges support ADA's recent gains and present a neutral to bullish outlook.

The article has a positive sentiment as it highlights the bullish signals for Cardano's price and the commitment of the Cardano Foundation towards decentralization.