Data from crypto tracker Santiment shows that Uniswap (UNI) and Shiba Inu (SHIB) are the most notable large market cap assets currently undervalued while Bitcoin (BTC) , Ethereum (ETH) and Toncoin (TON) are overvalued.
The Santiment chart shows BTC, ETH, and TON in overbought territory, DOGE and MATIC in neutral territory, while UNI and SHIB are undervalued. This shows that UNI and SHIB are two undervalued assets and are in the “opportunity” zone for those who want to add these two tokens to their portfolios. However, BTC, ETH and TON are more likely to see a price correction as these assets are overvalued by market participants.
MVRV Z Score is a metric that helps identify peaks and troughs in asset prices. When MVRV is high, the asset is overvalued, when the index is relatively low, the asset is undervalued and the respective territories are marked in the Santiment chart below.
MVRV Z Score of UNI, SHIB, BTC, ETH, TON. Source: Santiment
UNI and SHIB have recorded a 9% and 4% drop in price over the past week. UNI is trading at $8.81 while SHIB is trading at $0.000016 at the time of writing. The two assets are resilient based on onchain metrics.
BTC, ETH, and TON are trading at $60,772, $3,360, and $7.60, respectively.
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According to FXStreet
