Cryptocurrency analytics firm Santiment has unveiled its findings on the valuation of various altcoins, categorizing them as either overvalued or undervalued. Utilizing MVRV Z-Score data, which assesses average trader returns, Santiment pinpointed the following cryptocurrencies in each category among the market’s largest:
Overvalued: Toncoin (TON), Bitcobin (BTC), Ethereum (ETH)
Undervalued: Uniswap (UNI), Shiba Inu (SHIB)
In addition to this assessment, Santiment analysts also highlighted a notable trend in the broader cryptocurrency market, characterizing it as a potential bottom signal. They observed a significant decline in bullish sentiment across platforms like X, Reddit, Telegram, 4Chan, and BitcoinTalk, juxtaposed with a slower decrease in bearish sentiment. This divergence, they suggest, reflects growing crowd fear and indifference, potentially signaling a market bottom.
Please note that this information is presented for informational purposes only and does not constitute investment advice. For those interested in exploring a wide array of cryptocurrencies, Binance offers a 20% commission discount through this link. Stay updated with exclusive news, analytics, and on-chain data by following Santiment on Telegram and Twitter.
