Uniswap, Shiba Inu are undervalued while Bitcoin, Ethereum and Toncoin are overvalued, on-chain data shows
Source Fxstreet
- On-chain metrics identify crypto tokens as undervalued and overvalued based on trader returns.
- Santiment’s MVRV Z-Score reveals Bitcoin, Ethereum and Toncoin are overvalued, Uniswap and Shiba Inu are undervalued.
- UNI, SHIB prices dropped 9% and 4% this week.
Data from crypto intelligence tracker Santiment shows that Uniswap (UNI) and Shiba Inu (SHIB) are the most notable large market capitalization assets that are currently undervalued. The data also shows that Bitcoin (BTC), Ethereum (ETH) and Toncoin (TON) are overvalued.
Uniswap and Shiba Inu present buy opportunity
On-chain data suggests UNI and SHIB are two undervalued assets and sidelined buyers can “buy” these assets while they are in the “opportunity” zone. BTC, ETH and TON are more likely to witness a correction in their prices, since the assets are overvalued by market participants.
The Santiment chart shows BTC, ETH and TON are in the overbought territory, DOGE and MATIC are in neutral territory, while UNI and SHIB are undervalued.
The Market Value to Realized Value (MVRV) Z-score is a metric that helps identify tops and bottoms in asset prices. When MVRV is high, the asset is overvalued, when it is relatively low, it is undervalued, and the territory is marked accordingly in the Santiment chart below.
MVRV ratio (Z score) for UNI, SHIB, BTC, ETH, TON
UNI and SHIB have noted a 9% and 4% decline in their prices in the past week. UNI trades at $8.985 on Saturday while SHIB is changing hands at $0.00001714. The two assets are likely to recover based on the on-chain metric.
BTC, ETH and TON are trading at $61,076, $3,402 and $7.585 respectively.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Bitcoin extends its decline after failing to reclaim $96,500, trading below $95,000, the 100-hour SMA and a bearish trend line near $96,600; unless bulls can force a decisive close back above $96,600–$97,200, the short-term path of least resistance stays lower, with $92,500, $90,000 and the main $88,500 support zone in focus.
Bitcoin briefly loses 2025 gains as crypto plunges over the weekend.Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant.
The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus.
Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant.
The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus.
Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
