In the cryptocurrency market, savvy investors keep an eye out for opportunities, especially during market dips. Recently, the MVRV (market-value-to-realized-value) ratio, has highlighted several cryptos as significantly undervalued.

This raises an intriguing question for seasoned and novice investors whether it is now the time to buy the dip.

The Most Undervalued Cryptos

The MVRV ratio, a comparison of an asset’s market capitalization to its realized capitalization, offers insights into whether the price of a crypto is above or below its “fair value.” It serves as a barometer for market profitability and potential tops and bottoms.

Essentially, when the market cap outweighs the realized cap, it signals that unrealized profits are high, suggesting a possible sell-off. Conversely, a lower market cap relative to the realized cap might indicate undervaluation or weak demand.

Read more: Top 10 Cheapest Cryptocurrencies to Invest in January 2024

Currently, several cryptocurrencies show noteworthy low MVRV values, indicating potential undervaluation.

Here is the list of cryptocurrencies that currently look undervalued:

• Fantom (FTM) presents a 30-day MVRV of -22.78%.