Happycoin.club - Employees of the analytical company Santiment named cryptocurrencies that are worth buying in August 2024.

Specialists compiled a list of 10 digital assets, calculating the MVRV Z-Score index, which means the difference between the formal and realized level of capitalization of the digital asset. The higher the indicator of this index, the more the coin is overvalued, and, on the contrary, the lower it is, the more the cryptocurrency is undervalued.

The list of the most profitable virtual currencies for ordinary traders and therefore overvalued included:

Toncoin (TON);

Bitcoin (BTC);

Ethereum (ETH);

Dogecoin (DOGE).

And the list of least profitable and therefore low-risk included:

Uniswap (UNI);

Shiba Inu (SHIB);

Polygon (MATIC);

Chainlink (LINK);

Cardano (ADA);

XRP (XRP).

MVRV Z-Score index of different cryptocurrencies.

Interesting insights on cryptocurrency investments for August 2024! It's crucial for traders to consider the MVRV Z-Score index to make informed decisions. Remember to always do thorough research and assess risks before investing in any digital assets. Stay vigilant in this ever-evolving market!