ມີ ຕະຫຼາດ cryptocurrency still licking its wounds after the 2022 bloodbath, most of its largest assets by market capitalization remain undervalued in terms of comparison between their market and realized value or the MVRV Z-Score, often used in predicting prices at the extremes of market conditions.
Specifically, Bitcoin (BTC), Ethereum (ETH), XRP, ຄາໂດໂນ (ADA), Dogecoin (DOGE), ໂພລີກອນ (MATIC), Shiba Inu (shib), Uniswap (UNI), ແລະ Chainlink (LINK) are all in the undervalued category, as per the data ແບ່ງປັນ ໂດຍເວທີການວິເຄາະ crypto ສັນຕິພາບ ໃນເດືອນມັງກອນ 20.
Lower or higher risk?
According to the platform’s analysis of the top assets’ average returns, the above cryptocurrencies are deemed lower-risk ການລົງທຶນ, recording a decline in average addresses in the long term, which indicates that there is still “a lot of ‘meat on the bone’ to make up for 2022 losses.”
On the other hand, the MVRV Z-Score, which identifies overvalued and undervalued digital assets based on short and long-term returns, has also indicated that Binance Coin (BNB) is among the few overvalued top caps, indicating a higher-risk investment.
Daily price trends
Interestingly, BNB is also the only one among the listed cryptos that is recording a price decline on the day, dropping -0.34% (currently trading at $289.30), as opposed to Bitcoin, which is up +1.46%, Ethereum +1.71%, XRP +1.T64%, Cardano +1.84%, Dogecoin +0.42%, polygon +2.92%, Shiba inu +1.46%, Uniswap +90%, and Chainlink + 1.65%.
Meanwhile, the global crypto market is up 1.13% over the past 24 hours, consolidating after its brief bullish momentum was cut short by the announcement of crypto lender Genesis filing for ການລົ້ມລະລາຍ, ທີ່ ການຜະລິດ ໃນເດືອນມັງກອນ 19.
ປະຕິເສດ: ເນື້ອຫາຢູ່ໃນເວັບໄຊທ໌ນີ້ບໍ່ຄວນຖືວ່າເປັນຄໍາແນະນໍາດ້ານການລົງທຶນ. ການລົງທຶນແມ່ນຄາດຄະເນ. ເມື່ອລົງທຶນ, ທຶນຂອງເຈົ້າມີຄວາມສ່ຽງ.
Source: https://finbold.com/shib-doge-xrp-among-cryptos-top-undervalued-assets-data-shows/