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BTC, ETH, DOGE, and ADA Are Undervalued, Report Suggests

Published 01/20/2023, 03:33 AM
Updated 01/20/2023, 04:00 AM
© Reuters. BTC, ETH, DOGE, and ADA Are Undervalued, Report Suggests

  • The global crypto market cap has risen over the last 24 hours.

  • Santiment data posted today revealed that BNB is currently overvalued.

  • BTC, ETH, DOGE, and a handful of other coins were identified as undervalued.

The crypto market cap is up 0.69% over the last 24 hours according to the crypto market tracking website, CoinMarketCap. As a result, the crypto market cap stands at $976.35 billion at press time. This follows after a majority of prices in the crypto market rose over the last 24 hours.

The blockchain intelligence firm, Santiment, posted a tweet today regarding some cryptos that are undervalued as well as one crypto that is overvalued at press time. To determine undervalued and overvalued cryptos in the market, the intelligence firm referenced the respective MVRV Z-score for each crypto in the market.

Santiment’s analysis revealed that Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC), Shiba Inu (SHIB), Uniswap (UNI) and Chainlink (LINK) are all undervalued. Meanwhile, Binance Coin (BNB) is one crypto whose MVRV Z-score shows that it is currently overvalued.

BNB’s price is currently down 0.85% over the last 24 hours. As a result, it is currently trading at $288.23.

The post BTC, ETH, DOGE, and ADA Are Undervalued, Report Suggests appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Redzuan.bin.hamed.global.invesment.bigcoin.trading.coinedition
i wonder what is reasonable value for dogecoin...what is it used for
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