Shiba Inu ‘Underbought,’ While Bitcoin ‘Overbought’ Recently: Santiment

According to this metric, the on-chain analytics firm Santiment has revealed Shiba Inu has been underbought recently, while Bitcoin is overbought.
MVRV Z-Score Suggests Shiba Inu Has Been Undervalued Recently
In a new post on X, Santiment has discussed how some of the top cryptocurrencies are looking like right now on their MVRV Z-Score. The “Market Value to Realized Value” (MVRV) refers to a popular on-chain indicator that keeps track of the ratio between the market cap and realized