Bitcoin

Dogecoin

Ethereum

Chainlink

Cardano

Polygon

Shiba Inu

Uniswap

<a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">Cryptocurrencies</a> have witnessed a remarkable recovery this year, bouncing back from the market slump experienced in 2022. However, despite the significant rebound, their current values remain significantly below the record-breaking all-time highs reached in 2021.In that view, some of the biggest altcoins are indicating notable undervaluation when combining short, mid, and long-term realized capitalizations, according to <a href="https://twitter.com/santimentfeed/status/1665486509611393026?s&#61;20" rel="noopener noreferrer nofollow">data</a> by <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto</a> behavior analytics platform Santiment, retrieved by Finbold on June 5.Specifically, there are several altcoins with market caps above their realized caps, including <a href="https://finbold.com/guide/how-to-buy-ripple-xrp/" rel="noopener noreferrer nofollow">XRP</a> (<a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">XRP</a>), Cardano (<a href="https://finbold.com/cryptocurrency/cardano/" rel="noopener noreferrer nofollow">ADA</a>), Polygon (<a href="https://finbold.com/cryptocurrency/polygon/" rel="noopener noreferrer nofollow">MATIC</a>), <a href="https://finbold.com/guide/how-to-buy-shiba-inu-coin-shib/" rel="noopener noreferrer nofollow">Shiba Inu</a> (<a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">SHIB</a>), <a href="https://finbold.com/guide/buy-dogecoin-in-the-uk/" rel="noopener noreferrer nofollow">Dogecoin</a> (<a href="https://finbold.com/cryptocurrency/dogecoin/" rel="noopener noreferrer nofollow">DOGE</a>), Uniswap (<a href="https://finbold.com/cryptocurrency/uniswap/" rel="noopener noreferrer nofollow">UNI</a>), and Chainlink (<a href="https://finbold.com/cryptocurrency/chainlink/" rel="noopener noreferrer nofollow">LINK</a>).Santiment noted: “Realized capitalizations are far below market capitalizations, revealing undervaluation.”<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/696ee2b2f44542968b6f2d9f4168092a.png" />Most undervalued altcoins as of June 3. Source: SantimentSuch data suggest that the aforementioned cryptocurrencies are in a position to make up the lost ground, hinting at a possible price resurgence ‘this summer.’<h2 id="header-0">SHIB, UNI, and LINK are the most undervalued</h2>To signal which assets are undervalued or overvalued, Santiment uses a metric known as MVRV-Z Score (MVRV standing for Market Value to Realized Value). This measure refers to the ratio between the market value of a crypto asset and its realized value, as well as the standard deviation of a market value.In other words, it is used to indicate when the market cap of a cryptocurrency is either above or below its perceived valuation. A negative MVRV value implies that the cryptocurrency is undervalued on average. Put differently, “if all coins were sold, most traders will be realizing losses at the asset’s current price,” Santiment <a href="https://academy.santiment.net/metrics/mvrv-ratio/#how-mvrv-measured" rel="noopener noreferrer nofollow">explains</a>.Having said that, the most undervalued altcoin according to the MVRV ratio is SHIB, with an MVRV-Z Score of -3.48, followed by UNI (-2.67), LINK (-1.5), XRP (-0.6), ADA (-0.6), DOGE (-0.1) and MATIC (-0.08).On the other hand, crypto assets that are currently overvalued relative to their ‘fair value,’ include Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), Ethereum (<a href="https://finbold.com/cryptocurrency/ethereum/" rel="noopener noreferrer nofollow">ETH</a>), and <a href="https://finbold.com/guide/binance-coin-bnb/" rel="noopener noreferrer nofollow">Binance Coin</a> (<a href="https://finbold.com/cryptocurrency/bnb/" rel="noopener noreferrer nofollow">BNB</a>).Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Buckle up: 7 undervalued altcoins that may skyrocket this summer

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