Analysis Firm Reveals Four Altcoins It Claims Are “Undervalued”

Cryptocurrency analysis firm Santiment announced that despite the recovery at the beginning of the week, many investors in the market are still at a loss over the last 30 days.

According to the company’s on-chain data, average returns from active wallets remain in negative territory across many major cryptocurrencies.

According to Santiment’s assessment, Cardano (ADA) is the weakest performer on the list at -19.2%, which the company calls “overvalued.” Similarly, Chainlink (LINK) is in “strongly undervalued” territory with a return of -13.0%.

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The market’s two largest assets, Ethereum (ETH) and Bitcoin (BTC), saw more limited losses in the “slightly undervalued” category. The average wallet return for ETH was -6.3% and for BTC, it was -6.1%.

XRP, on the other hand, showed the most limited decline of the five, remaining in the “slightly undervalued” region at -4.7%.

ADA’s price has lost around 10% of its value in the last week, making it the asset that lost the most value among the top 10 cryptocurrencies.

*This is not investment advice.

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