Despite the increase in market capitalization, which shows investors might be returning, big large caps are still deemed undervalued. In a tweet posted today by blockchain intelligence firm Santiment citing the MVRV Z-score, Binance coin (BNB) is the only overvalued crypto amongst tokens with a large market cap.
Price Outlook On BTC, ETH, And Undervalued Large Caps
Santiment reported that BTC, ETH, XRP, ADA, DOGE, MATIC, SHIB, UNI, and LINK are undervalued. However, despite their deemed result, each of them was still part of the global crypto market rally or the ‘mini bull run’ seen over the past weeks.