Cryptocurrency Market Valuations Reassessed Following Recent Price Fluctuations

Cryptocurrency prices have fluctuated significantly in recent times, prompting analysts to reassess the value of various assets. One such analysis comes from Santiment, which has updated its MVRV ratios for popular cryptocurrencies.

The company's data shows that Ethereum (ETH) is currently undervalued, with a 30-day MVRV ratio of -5.5%. This means that investors who traded in the last 30 days are, on average, at a loss. In contrast, Bitcoin (BTC), XRP, and Chainlink (LINK) have relatively neutral MVRV ratios.

Cardano (ADA), however, is positioned as overvalued with a 30-day MVRV ratio of +6.8%. This indicates that recent investors in the asset are, on average, in profit territory.