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.
Source: https://en.bitcoinsistemi.com/analysis-firm-reveals-four-altcoins-it-claims-are-undervalued/
