{"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

Price Outlook On BTC, ETH, And Undervalued Large Caps<\/span><\/h2>\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>\n

\"Santiment<\/div>\n
BTC, ETH are undervalued | Source: Santiment<\/a><\/pre>\n

Memecoins, such as DOGE, and SHIB<\/a>, weren’t left out of the global rally as both did 13% and 35%, respectively, over the past 14 days. MATIC, UNI, and LINK have also printed bullish trends over the past week, up by 19%, 13%, and 14%, respectively, in the past two weeks.<\/span><\/p>\n

Binance Coin (BNB) Becomes Overvalued?<\/span><\/h2>\n

Though merely looking at it, BNB being overvalued over other large caps such as BTC and ETH might be quite unbelievable. However, BNB’s potential has proved to make the coin overvalued worthy. Late last year, following the collapse of <\/span>FTX<\/span><\/a>, BNB survived through an industry-wide FUD, which plummeted its value by over 10%, sending it from its hovering $300 trading price to below $250.<\/span><\/p>\n

Related Reading: Binance USD (BUSD) Exchange Reserves Dry Up, Reason Behind Bitcoin\u2019s Slowdown?<\/a><\/div>\n

Despite the intimidating FUD, BNB survived through, as the token didn\u2019t plummet much as expected. Furthermore, since the beginning of the year, BNB has chosen the bullish path surging nearly 15% in the past two weeks. BNB also rallied amid its quarterly burn, which happened on Tuesday, and has so far refused to make a movement for a retracement.<\/span><\/p>\n

\"BNB
BNB price is moving sideways on the 4-hour chart. Source: BNBBUSD on TradingView.com<\/a><\/figcaption><\/figure>\n

However, at the time of writing, BNB\u2019s price is currently down 1.2% over the last 24 hours. As a result, its current market price is sitting at the $288\u00a0 zone with a 24-high of $296.33 and a trading volume of $550.3 million over the same period.<\/span><\/p>\n

Featured image from Unsplash, Chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

Despite the increase in market capitalization, which shows investors might be returning, big large caps are still deemed undervalued. In a tweet 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. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC), Shiba Inu (SHIB), Uniswap (UNI), and Chainlink (LINK) are very much still undervalued. Price Outlook On BTC, ETH, And Undervalued Large Caps Santiment reported that BTC, ETH, XRP, 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. Related Reading: Cardano Up 30% Since December As 28 New Whales Hold At least 1 Million ADA BTC and ETH 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 24-hour trading volume exceeding $39 billion and ETH surpassing $6 billion. Other large caps like XRP and ADA 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. Notably, this is not ADA’s first time appearing on Santiment’s undervalued crypto list. Last month, the crypto analytics platform shared an analysis indicating that the Cardano native token was undervalued regardless of the aggressive accumulation from Sharks and Whales holding at least 100k to 10 million ADA tokens. BTC, ETH are undervalued | Source: Santiment Memecoins, such as DOGE, and SHIB, weren’t left out of the global rally as both did 13% and 35%, respectively, over the past 14 days. MATIC, UNI, and LINK have also printed bullish trends over the past week, up by 19%, 13%, and 14%, respectively, in the past two weeks. Binance Coin (BNB) Becomes Overvalued? Though merely looking at it, BNB being overvalued over other large caps such as BTC and ETH might be quite unbelievable. However, BNB’s potential has proved to make the coin overvalued worthy. Late last year, following the collapse of FTX, BNB survived through an industry-wide FUD, which plummeted its value by over 10%, sending it from its hovering $300 trading price to below $250. Related Reading: Binance USD (BUSD) Exchange Reserves Dry Up, Reason Behind Bitcoin\u2019s Slowdown? Despite the intimidating FUD, BNB survived through, as the token didn\u2019t plummet much as expected. Furthermore, since the beginning of the year, BNB has chosen the bullish path surging nearly 15% in the past two weeks. BNB also rallied amid its quarterly burn, which happened on Tuesday, and has so far refused to make a movement for a retracement. However, at the time of writing, BNB\u2019s price is currently down 1.2% over the last 24 hours. As a result, its current market price is sitting at the $288\u00a0 zone with a 24-high of $296.33 and a trading volume of $550.3 million over the same period. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":515062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,142,11427,1119,1785,8323,16097,40670,83668,82849,4531],"class_list":["post-516872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-altcoins","tag-bnb","tag-btc","tag-doge","tag-eth","tag-link","tag-matic","tag-shib","tag-uni","tag-xrp"],"acf":[],"yoast_head":"\nBTC, ETH, DOGE, and ADA Are Undervalued, Report Indicates<\/title>\n<meta name=\"description\" content=\"Despite the increase in market capitalization, which shows investors might be returning, big large caps are still deemed undervalued. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"BTC, ETH, DOGE, and ADA Are Undervalued, Report Indicates","url":"http:\/\/wncen.com\/news\/btc-eth-doge-ada-undervalued\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/btc-eth-doge-ada-undervalued\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/HUOBI.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/HUOBI.jpg?fit=750%2C375"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","altcoins","bnb","btc","doge","eth","link","matic","shib","uni","xrp"],"dateCreated":"2023-01-20T12:30:19Z","datePublished":"2023-01-20T12:30:19Z","dateModified":"2024-06-11T14:33:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"BTC, ETH, DOGE, and ADA Are Undervalued, Report Indicates\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/btc-eth-doge-ada-undervalued\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/btc-eth-doge-ada-undervalued\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/HUOBI.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/HUOBI.jpg?fit=750%2C375\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"altcoins\",\"bnb\",\"btc\",\"doge\",\"eth\",\"link\",\"matic\",\"shib\",\"uni\",\"xrp\"],\"dateCreated\":\"2023-01-20T12:30:19Z\",\"datePublished\":\"2023-01-20T12:30:19Z\",\"dateModified\":\"2024-06-11T14:33:09Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/HUOBI.jpg?fit=750%2C375","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/516872"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=516872"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/516872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/515062"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=516872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=516872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=516872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}