Dogecoin, Shiba Inu and Seven Additional Crypto Assets Are Massively Undervalued Based on One Metric: Santiment

Dogecoin, Shiba Inu and Seven Additional Crypto Assets Are Massively Undervalued Based on One Metric: Santiment


Analytics platform Santiment says that the two largest meme coins by market cap and seven other crypto assets currently pose a relatively lower risk for investors.

Santiment says that based on the market-value-to-realized-value (MVRV) Z-score, Dogecoin (DOGE) and Shiba Inu (SHIB) are undervalued and lower risk.

Dogecoin is trading at $0.86 at time of writing while Shiba Inu is changing hands at $0.000012.

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The MVRV Z-score is used to determine whether an asset is undervalued or overvalued. When the MVRV Z-score is in negative territory, implies that an asset is undervalued and vice versa. Shiba Inu currently has an MVRV Z-score of -1.88 while Dogecoin’s is -0.162, according to Santiment.

Other crypto assets that Santiment says are undervalued are Bitcoin (BTC), Ethereum (ETH), XRP, Cardano

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