{"id":516872,"date":"2023-01-20T07:30:19","date_gmt":"2023-01-20T12:30:19","guid":{"rendered":"https:\/\/wncen.com\/?p=516872"},"modified":"2024-06-11T14:33:09","modified_gmt":"2024-06-11T14:33:09","slug":"btc-eth-doge-ada-undervalued","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/btc-eth-doge-ada-undervalued\/","title":{"rendered":"BTC, ETH, DOGE, and ADA Are Undervalued, Report Indicates"},"content":{"rendered":"
Despite the increase in market capitalization, which shows investors might be returning, big large caps are still deemed undervalued. In a <\/span>tweet<\/span><\/a> posted today by blockchain intelligence firm Santiment citing the MVRV Z-score, Binance coin (BNB) is the only overvalued crypto amongst tokens with a large market cap.<\/span><\/p>\n Bitcoin<\/span><\/a> (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), <\/span>Dogecoin<\/span><\/a> (DOGE), Polygon (MATIC), Shiba Inu (SHIB), Uniswap (UNI), and Chainlink (LINK) are very much still undervalued.<\/span><\/p>\n Santiment reported that BTC, ETH, <\/span>XRP<\/span><\/a>, ADA, DOGE, MATIC, SHIB, UNI, and LINK are undervalued. However, despite their deemed result, each of them was still part of the global crypto market rally or the \u2018mini bull run\u2019 seen over the past weeks.<\/span><\/p>\n Related Reading: Cardano Up 30% Since December As 28 New Whales Hold At least 1 Million ADA<\/a><\/p>\n BTC and <\/span>ETH<\/span><\/a> have seen more than a 10% increase in value, respectively, over the past seven days. At the time of writing, both cryptos are up 2% in the last hour, with BTC<\/a> 24-hour trading volume exceeding $39 billion and ETH surpassing $6 billion.<\/span><\/p>\n Other large caps like XRP and ADA<\/a> have also seen significant movement in price to the upside over the past weeks. With XRP up 15% in the last 14 days and ADA up 25% over the same period.<\/span><\/p>\n Notably, this is not ADA’s first time appearing on Santiment’s undervalued crypto list. Last month, the crypto analytics platform <\/span>shared an analysis<\/span><\/a> indicating that the Cardano<\/a> native token was undervalued regardless of the aggressive accumulation from Sharks and Whales holding at least 100k to 10 million ADA tokens.<\/span><\/p>\nPrice Outlook On BTC, ETH, And Undervalued Large Caps<\/span><\/h2>\n