Cryptocurrency analytics firm Santiment has provided insights into which altcoins are currently overvalued and undervalued. Using MVRV Z-Score data, which analyzes average trader returns, Santiment has identified the following altcoins in the overvalued category: Toncoin (TON), Bitcobin (BTC), and Ethereum (ETH). On the other hand, the company has classified Uniswap (UNI) and Shiba Inu (SHIB) as undervalued.
Interestingly, Santiment also shared its analysis of the general cryptocurrency market, noting a decrease in bullish signals on platforms such as X, Reddit, Telegram, 4Chan, and BitcoinTalk. This decline in investor confidence is seen as a potential bottom signal, indicating fear and indifference amongst the crowd. However, Santiment emphasizes that their observations are not investment advice.