Crypto Analytics Firm Santiment Identifies Overvalued and Undervalued Altcoins
Santiment, a prominent cryptocurrency analysis company, has pinpointed which altcoins it considers overvalued and undervalued in its latest findings.
By utilizing MVRV Z-Score metrics, Santiment categorizes altcoins based on average trader returns, highlighting those deemed overvalued and undervalued within the realm of major cryptocurrencies:
**Overvalued:** Toncoin (TON), Bitcobin (BTC), Ethereum (ETH)
**Undervalued:** Uniswap (UNI), Shiba Inu (SHIB)
In addition to this assessment, Santiment analysts also provided insights into market sentiment, noting a decline in bullish indicators across platforms like X, Reddit, Telegram, 4Chan, and BitcoinTalk. Conversely, bearish sentiments have decreased at a slower pace, suggesting growing investor apprehension and potential signs of a market bottom.
However, Santiment emphasizes that these observations do not constitute investment advice.
For those interested in exploring a wide range of cryptocurrencies, Binance offers a 20% commission discount via this registration link. Stay updated with exclusive news, analytics, and on-chain data by following Santiment’s Telegram and Twitter accounts.
Author: Mete Demiralp
Date: 29.06.2024 – 10:33