BTC, ETH, DOGE, and ADA are undervalued, suggests the report by CoinEdition


© Reuters. BTC, ETH, DOGE, and ADA are undervalued, report suggests
  • The global market capitalization of cryptocurrencies has increased over the past 24 hours.
  • Santiment data published today revealed that BNB is currently overvalued.
  • BTC, ETH, DOGE, and a handful of other currencies have been identified as undervalued.

The cryptocurrency market cap is up 0.69% over the past 24 hours according to crypto market tracking website CoinMarketCap. As a result, the cryptocurrency market cap is $976.35 billion at the time of writing. This comes after the majority of prices in the cryptocurrency market increased in the past 24 hours.

Blockchain intelligence firm, Santiment, published a tweet today regarding some undervalued cryptocurrencies as well as one overvalued cryptocurrency at the time of publication. To identify undervalued and overvalued cryptocurrencies in the market, the intelligence firm indicated a relevant MVRV Z score for each cryptocurrency in the market.

Santiment analysis revealed that (BTC), (ETH), (XRP), (ADA), (DOGE), Polygon (MATIC), (SHIB), (UNI), and Chainlink (LINK) are all undervalued. Meanwhile, (BNB) is one of the cryptocurrencies whose MVRV Z points show is currently overvalued.

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

Post-BTC, ETH, DOGE, and ADA Undervalued, Report Suggestions appeared first in Coin Issue.

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