Analysts from Santiment have shared which altcoins they consider overvalued and undervalued.
Crypto analytics firm Santiment has shed light on altcoins “overpriced” and “undervalued” in his statement.
The company has used MVRV Z-Score data when identifying the altcoins in question. Details are as follows:
- Overvalued: Toncoin (TON), Bitcoin (BTC), Ethereum (ETH)
- Undervalued: Uniswap (UNI), Shiba Inu (SHIB)
However, Santiment analysts also shared an analysis they described as bottom signal in the cryptocurrency market.
“The level of bullish discussion on X, Reddit, Telegram, 4Chan and BitcoinTalka has dropped significantly as investors lose confidence in the market. In contrast, pessimistic discussions have decreased at a much slower rate. We interpret this as crowd fear and indifference, a potential bottoming signal.”
This is the altcoin that developers have paid the most attention to in the past 30 days
