Santiment's latest analysis indicates that major cryptocurrencies, including Bitcoin and Ethereum, are currently undervalued. Ethereum is reported to be undervalued by 14.3%, while Bitcoin is undervalued by 6.9%. The analysis, which uses the 30-day Market Value to Realized Value (MVRV) metric, suggests that recent buyers may face short-term losses, but long-term gains are possible.
The MVRV ratio, which compares a coin's market price to its on-chain transaction price, shows that most large-cap cryptocurrencies, such as Cardano, XRP, and Chainlink, are trading below their fair value. Santiment recommends dollar-cost averaging during these periods of market pain, as historically, this strategy has yielded strong long-term returns. The analysis highlights that the current undervaluation may present a buying opportunity for traders.
Santiment Analysis Reveals Major Cryptocurrencies Are Undervalued
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