Crypto Analysis Firm Santiment Highlights Overvalued and Undervalued Altcoins
Santiment, a prominent crypto analysis firm, recently released insights into the classification of altcoins as either "overvalued" or "undervalued." Utilizing MVRV Z-Score data, which assesses altcoins based on traders' average returns, Santiment identified several notable cryptocurrencies falling into these categories among the largest in the world.
In the category of **overvalued** altcoins, Santiment highlighted #Toncoin , #Bitcoin , and #Ethereum . These cryptocurrencies have been identified as potentially priced higher relative to their expected market performance, as indicated by the MVRV Z-Score analysis.
Conversely, in the **undervalued** category, Santiment pointed out Uniswap (UNI) and Shiba Inu (SHIB). These altcoins are perceived to be priced lower compared to their potential value based on the same analytical framework, suggesting potential opportunities for growth or market correction.
Moreover, Santiment's analysts provided additional commentary on the broader crypto market sentiment. They noted a significant decline in bullish signals from popular platforms such as X, Reddit, Telegram, 4Chan, and BitcoinTalk. This decline indicates a waning investor confidence in the current market conditions. In contrast, the decrease in bearish sentiments has been less pronounced, implying a cautious optimism among market participants.
This shift in sentiment is interpreted by Santiment as potentially signaling a market bottom. The firm attributes this to growing crowd fear and apathy towards the market, which historically have preceded market rebounds. Such observations highlight Santiment's role in crypto market.
In conclusion, Santiment's latest analysis underscores the importance of data-driven decision-making in the volatile cryptocurrency market. By leveraging advanced metrics like the MVRV Z-Score, Santiment aims to assist traders and inves
