$BTC I'm back

Using the MVRV-Z Score index, Shinji determines which cryptocurrencies are overvalued or undervalued.

A high MVRV ratio means investors are holding unrealized profits and will likely sell. A low MVRV ratio means investors are holding on to unrealized losses and may be buying.

In my assessment, Toncoin ($TON), #btc Bitcoin (BTC), Ethereum ($ETH ETH) and Dogecoin ($DOGE) are in the red zone in terms of MVRV-Z Score.

The red area in the MVRV-Z Score is considered high risk. In other words, this indicates that investors may consider selling and taking profits as the asset may be overvalued.

According to the data, the ratio for $TON is 5.09; 2.2 for BTC; This ratio is measured at 0.95 for ETH and 0.5 for DOGE.

In contrast, altcoins with low MVRV-Z Scores below 0 are less risky. At this time, altcoins with low MVRV-Z Scores are the ones that cause the most trouble for investors and therefore have the potential to generate profits.

According to the data, altcoins with low MVRV-Z Scores and offering buying opportunities are listed as Uniswap (UNI), Shiba Inu (SHIB), Polygon (MATIC), Chainlink (LINK), Cardano (ADA) and XRP.

According to the data, the ratio for UNI is -2.29; -1.63 for SHIB; -0.95 for MATIC; -0.61 for LINK; This ratio was measured as -0.38 for ADA and -0.2 for XRP.