January 27, 2023

Santiment named two undervalued altcoins

Article reading time:
1 min.

Santiment named two undervalued altcoins

Analyst firm Santiment has published a report that altcoins Decentraland ($MANA) and The Sandbox ($SAND) could rise in price significantly.

According to analysts, the current cost$MANA is 60% below the fair price. In the case of $SAND, the discount is less - 33%. Santiment analysts base their opinion on the popularity of the metaverses - the sphere continues to develop actively, and the Decentraland and The Sandbox platforms remain among the leaders in the direction.

The main arguments in favor of cost growthaltcoins is also the MVRV indicator (the ratio of the market value of an asset to its realized value). It shows how much an asset is overvalued or undervalued. A high indicator indicates possible selling pressure, and vice versa. The MVRV indicator can also be used to determine the "bottom" in the cryptocurrency market.

It was previously reported that the Decentraland platform will allow users to rent out land in their metaverse.