Santiment, a cryptocurrency analysis platform, has put forward an interesting suggestion about the potential for certain significant altcoins to be undervalued. In a recent tweet, Santiment noted that XRP, Cardano (ADA), and Shiba Inu (SHIB) could be candidates for expansion due to their market capitalizations exceeding their realized capitalizations.

Santiment's analysis features Dogecoin (DOGE), Polygon (MATIC), Uniswap (UNI), and Chainlink (LINK) in addition to XRP, ADA, and SHIB as undervalued altcoins. Through looking at short, mid, and long-term realized capitalizations, Santiment believes these coins could have a notable performance during the upcoming summer season.

The analytics resource pointed out that cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and BNB are overpriced according to the MVRV Z-score for these assets. The MVRV (Market Value to Realized Value) Z-score is a metric employed in the crypto market for analyzing the worth of a particular cryptocurrency or of the entire market.

XRP has seen a noteworthy increase of 11.6% in the last seven days, with its current price being $0.5338. The recent updates about Ripple's legal battle with the SEC have generated considerable attention and caused a rise in XRP's value. Additionally, market analysts predict that this upward trend is set to continue.

ADA experienced a slight decrease of 1.98% over the course of the week, and is now priced at $0.37. SHIB has also decreased in value over the last seven days, with a 3.39% fall in that period, and is currently being traded for $0.00000856.

The lack of impressive results from these major cryptocurrencies is the primary reason why they are not valued highly, which could be an opportunity for those looking to invest in something different.

Santiment's analysis is a valuable tool for investors to consider when reviewing their altcoin investment strategies. However, it is important to remember that Santiment's insights are not a guarantee of success, and all investments should be made with careful consideration and research.

HYIPer.net » Santiment said that XRP, ADA, and SHIB are highly undervalued