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Showing posts with the label undervalued

5 Best Undervalued Cryptos to Watch This October for 10X Potential

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With Bitcoin on the verge of surpassing $70,000, an exciting opportunity arises for crypto investors looking to capitalize on its upward momentum. While this upward trend in Bitcoin is certainly encouraging, it’s essential to remain logical and avoid letting emotions drive decision-making. Instead, focusing on coins with strong potential for growth over the coming weeks and months can offer valuable insights into where the market may be headed. The cryptocurrency market is currently brimming with opportunities, with many altcoins and meme coins performing exceptionally well. With a wide range of coins showing promise, from established blockchains to emerging meme coins, this week offers a wealth of opportunities for both short-term gains and long-term growth. This article will cover five of the best undervalued cryptos to watch this October, each with the potential for 10X returns. Solana (SOL) Solana has been making remarkable strides recently, catching the attention of marke...

TON: Despite 21% Drop, Analysts Still Say the Coin is Undervalued

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The Open Network coin from Telegram (TON) is one of many altcoins on the crypto market that has seen a steep drop this past week. The asset is notably down 21% in the last seven days and hasn’t picked up much steam yet to rebound. Trading volume for the coin is also down, showing that buyers are hesitant to swoop up its current dip. Despite its current drop, some analysts suggest that the TON coin is undervalued, and investors should take advantage. According to on-chain data, readings from TON’s Market Value to Realised Value (MVRV) ratio show that the altcoin is currently undervalued. This flashes a signal to buy for investors, and whales are reportedly eyeing the token for massive purchases. Source: Bitcoinist On-Chain Data Suggests That TON is Undervalued In addition, data over the weekend revealed that TON’s MVRV ratios assessed over different moving averages are negative. Its MVRV ratios for the 30-day and 90-day moving averages were -6.39% and -6.87%, respectively on ...