The crypto market is currently undervalued, according to market intelligence platform Santiment. Here are three altcoins that have the potential to outperform Bitcoin, Ethereum, and XRP:
Cardano (ADA), Shiba Inu (SHIB), and Dogecoin (DOGE)
Santiment’s analysis shows that these altcoins have a low 30-day Market Value to Real Value (MVRV) ratio, which indicates a potential for a short-term rebound.
- Dogecoin: Average active wallets have decreased by 16.7% in the past 30 days.
- Cardano: Average active wallets have decreased by 12.6% in the past 30 days.
- Shiba Inu: Average active wallets have decreased by 19.1% in the past 30 days.
Bitcoin, Ethereum, and XRP
While not as undervalued as the altcoins mentioned above, Bitcoin, Ethereum, and XRP are also showing signs of undervaluation:
- Bitcoin: Average active wallets have decreased by 4% in the past 30 days.
- Ethereum: Average active wallets have decreased by 4.3% in the past 30 days.
- XRP: Average active wallets have decreased by 3.5% in the past 30 days.
Toncoin
Santiment also highlighted Toncoin, which has the lowest undervaluation of all the cryptocurrencies mentioned. This suggests that Toncoin is trading close to its realized value and has neutral bullish sentiment.
Note: Despite the potential for these altcoins, the crypto market remains volatile, and prices can fluctuate rapidly.
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