AUCTION, LINA & SRM Identified As Undervalued: Analytics Firm

• Data from Santiment indicated that tokens like AUCTION, LINA, and SRM are extremely undervalued.
• The majority of assets have been unsuccessful in their recovery efforts following the cryptocurrency market crash that occurred on 17 August.
• Over the past 24 hours, AUCTION, LINA, and SRM saw their prices increase.

On-chain analytics platform Santiment shared that cryptocurrency tokens like Bounce Token (AUCTION), Linear Finance (LINA), and Serum (SRM) are extremely undervalued in one of their latest Twitter posts. This is the case despite these tokens’ attempts to find their bearings after the market crash.

Santiment also pointed out that although the downward trend of altcoins has somewhat stabilized, the majority of assets have been unsuccessful in their recovery efforts following the cryptocurrency market crash that occurred on 17 August 2023. Despite Santiment’s gloom outlook on AUCTION, LINA, and SRM, the past 24 hours have been kinder to these tokens. 

As per CoinMarketCap data, AUCTION displayed a minor uptick of 1.01%, settling at $4.38. However, over the last week of trading, the altcoin encountered a decline of more than 4%, underscoring the considerable ground AUCTION still needs to regain for a complete recovery.

Furthermore, the intraday trading volume for AUCTION dwindled significantly by 74% in the past day, reaching $2,793,108 at press time. Meanwhile, AUCTION’s value was down more than 93% from its peak of $70.56 in April 2021.

In the last 24 hours, LINA experienced a positive shift of 2.85%, bringing its price to $0.0104, which was slightly below its peak of $0.01065 during the day. Despite this increase, LINA’s performance throughout the week needs to surge by more than 11% to return to the green zone. 

Lastly, SRM reached a valuation of $0.03729 after marking a growth of over 2% since the previous day. This improvement enabled the altcoin to strengthen its position in comparison to the leading cryptocurrency, Bitcoin (BTC), by approximately 2.75%.

Nonetheless, the consequences of the recent market crash are still evident in SRM’s performance over the last 30 days, as its value dipped by 59.54% during this period. With a market capitalization of $9,755,723, SRM holds the 751st spot among cryptocurrencies by rank.

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