MarktQuant, a cryptocurrency analytics firm, has published its daily assessment of the altcoin market, focusing on core assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and the ETH/BTC pair.
According to MarktQuant’s analysis, Bitcoin (BTC) is currently at its mean valuation with a standard deviation of +0.25, which positions BTC in a bullish consolidation phase and points to strong potential for future growth, according to the report.
The valuation for Ethereum (ETH) is sitting at -0.40, which suggests that ETH remains undervalued relative to its price zones.
Solana (SOL) also caught the attention of MarktQuant, which set an intra-cycle valuation score of -0.78. According to the firm’s systems, this suggests that SOL is slightly undervalued and points to a potential price increase.
MarktQuant’s analysis shows that the ETHBTC pair is slightly undervalued with a score of -0.59. This undervaluation could indicate relative strength for ETH in the coming periods.
*This is not investment advice.