XRP and ADA Appear More Undervalued Than Bitcoin

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Santiment's MVRV data revealed that XRP and ADA are more undervalued than Bitcoin.

Bitcoin (BTC) came under significant pressure over the weekend amidst deteriorating macro sentiment. Following the retrace, several crypto assets are back in undervalued territory.

Fresh data suggest that Ripple (XRP) and Cardano (ADA) are among the altcoins that are more undervalued than Bitcoin.

XRP Ahead of Bitcoin on Value Opportunity
According to the latest findings by Santiment, a coin’s 30-day Market Value to Realized Value (MVRV) can help gauge risk when opening or adding to a position. Lower readings indicate reduced risk. Hence, a negative 30-day MVRV means average traders are currently down money, which creates an opportunity to enter while profits remain below the typical “zero-sum game” level. Santiment added that the more negative the percentage, the safer it is to buy.


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