- The global crypto market cap has risen over the last 24 hours.
- Santiment data posted today revealed that BNB is currently overvalued.
- BTC, ETH, DOGE, and a handful of other coins were identified as undervalued.
The crypto market cap is up 0.69% over the last 24 hours according to the crypto market tracking website, CoinMarketCap. As a result, the crypto market cap stands at $976.35 billion at press time. This follows after a majority of prices in the crypto market rose over the last 24 hours.
The blockchain intelligence firm, Santiment, posted a tweet today regarding some cryptos that are undervalued as well as one crypto that is overvalued at press time. To determine undervalued and overvalued cryptos in the market, the intelligence firm referenced the respective MVRV Z-score for each crypto in the market.
Santiment’s analysis revealed that Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC), Shiba Inu (SHIB), Uniswap (UNI) and Chainlink (LINK) are all undervalued. Meanwhile, Binance Coin (BNB) is one crypto whose MVRV Z-score shows that it is currently overvalued.
BNB’s price is currently down 0.85% over the last 24 hours. As a result, it is currently trading at $288.23.
Looking at the cryptos that Santiment identified as undervalued, the crypto market leaders, BTC and ETH, saw their prices rise by 0.64% and 1.10% respectively. The prices of XRP and ADA are up 0.88% and 0.63%.
DOGE, however, is down 0.24% over the last 24 hours and is trading at $0.08092. MATIC’s price is also down 0.42%, along with UNI. SHIB’s price is currently up 2.17% and LINK is up by a slim margin of 0.01%.
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