New data from Santiment shows that despite a brief rebound to start the week, major cryptocurrencies are still sitting on significant short- and mid-term losses, with average wallets across several top networks deep in the red over the last 30 days. The firm’s latest MVRV-based readings highlight clear undervaluation zones across the market, especially for Cardano and Chainlink.
Cardano, Chainlink Show the Sharpest Discounts
- Cardano (ADA): –19.2%, signaling extreme undervaluation
- Chainlink (LINK): –13.0%, categorized as strong undervaluation
- Ethereum (ETH): –6.3%, showing mild undervaluation
- Bitcoin (BTC): –6.1%, also in mild undervaluation territory
- XRP (XRP): –4.7%, seen as very slight undervaluation
These readings suggest that most assets, even Bitcoin and Ethereum, remain below their fair-value bands after November’s selloff.
What the Chart Shows
The MVRV chart visualizes each asset as it moves through Santiment’s undervaluation zones. Cardano sits the deepest, buried in the extreme undervaluation band and clearly separated from the rest of the group.
Chainlink follows in the strong undervaluation range, reflecting how sharply its 30-day performance has fallen. Ethereum and Bitcoin cluster around the mild undervaluation zone, signaling that their losses are meaningful but still far from extreme. XRP hovers closest to the neutral boundary, showing only a light deviation from fair value.
The overall layout of the chart underscores how consistently these assets have traded within undervalued territory over the past month, with repeated dips signaling ongoing pressure across the broader market.
Overall Market Signal
Santiment’s MVRV analysis often highlights when assets become overheated or historically cheap. Right now, the data leans heavily toward the undervalued side, with ADA and LINK showing the steepest discounts among major cryptocurrencies. Despite the early-week recovery, most wallets remain underwater, a sign that confidence has yet to fully return and that investors may still be waiting for clearer stabilization before re-entering with conviction.
