Analytics company publishes list of “extremely undervalued” cryptocurrencies based on its data! They claim these crypto assets are worth less than they should be!
Santiment, a firm specializing in cryptocurrency analytics, has released its latest assessment of which crypto assets may be overvalued or undervalued, based on 30-day MVRV (Market Value to Realized Value) data for large-cap assets.
The company states that the MVRV ratio helps investors objectively assess how “cheap” or “expensive” the market is at current price levels by measuring the average profitability of holders.
According to Santiment’s data, based on the 30-day MVRV ratio, Ethereum (ETH) falls into the “extremely undervalued” category with a reading of -14.3%. This ratio indicates that the average investor has recently incurred significant losses, and historically, according to the analytics firm, such levels may signal long-term buying opportunities.
On the other hand, several major crypto assets are in the “slightly undervalued” zone. Bitcoin (BTC) stands at -6.9%, Chainlink (LINK) at -5.1%, XRP (XRP) at -4.1%, and Cardano (ADA) at -2.0%. All of them are categorized as assets where the average investor is at a loss based on their 30-day MVRV (mid-term return awaiting recovery).
According to the company, rather than buying assets solely because prices have dropped, historically more favorable accumulation opportunities have occurred during periods when the average wallet is experiencing significant losses and the MVRV ratio falls substantially below zero.
See also: "Ripple CEO Puts 90% Odds on U.S. Crypto Bill Passing"
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