BONK And FARTCOIN Dominate The List Of 8 Most Undervalued Meme Coins This Week

BONK is in the news as it leads a recent list of top undervalued memecoins. A new report by DropsTab focused on the most undervalued meme coins in terms of the 7-day VWAP (Volume-Weighted Average Price) has been published. This indicator identifies coins that are moving at a lower-than-average volume-weighted price, and this is a good indicator of a high probability of price recovery. 

With a resurgence of meme coin trading in the crypto community, this list can be used by investors to find potential mining diamonds in a list of undervalued resources.

BONK and FARTCOIN Lead the Undervalued List

BONK is the number one on the chart with a -89 VWAP score in 7 days, trading at the price of 0.0000319. Although the value of BONK decreased by 4.51 percent in 7 days, BONK has a strong FDV (fully diluted valuation) of 2.83 billion dollars. 

On its 3-month trend, we see a recent recovery, which goes along with the neutral label on its long-term VWAP.

And right beside BONK is FARTCOIN, trading at $1.17 and plummeting 27.88 percent in the previous week. It is currently the second most undervalued meme coin by the 7-day VWAP, which is -87, corresponding to being undervalued. 

Having an FDV of 1.17 billion and a dynamic trading behavior, this coin is worth keeping an eye on to see fast recoveries and potential rebounds.

AI-Backed Meme Coins Make Their Mark Just Below BONK

Also worth noting this week are AnimeCoin (ANIME), Freysa AI (FAI), and Alchemist AI (ALCH). ANIME is currently trading at $0.01822, down 11.76% since this past week and it has a 7-day VWAP of -84. 

Its FDV is $182.30 million, and its short-term and long-term VWAP receive are all indicative of a persistent undervaluation.

At a price of $0.01619, FAI has fallen by 5.85 percent in the past week, having been ranked at -79 VWAP deviation. Its long-term VWAP trend is no better as it is also performing poorl, being tagged as Undervalued in both the short and long term.

With a 4.89 percent loss, ALCH, trading at $0.1352, has a -74 VWAP-score. 

Although the AI-based token has exhibited a poorer price performance in the recent three months, it moderately has market holding with an FDV of 135.39 million dollars.

The BUILDOn workout automation token B is trading at $0.4649 with a negative performance of 13.08% over the last week. 

It has been in VWAP deviation of -77 and its mid-term position says Neutral; hence, its chart gives an indication of its upside potential. B now has a fully diluted valuation of $439.5 million and has had a relatively low but consistent volume of traders interested.

MOODENG is down 11.42 percent to $0.193. Since it has a -73 score in 7-day VOW, it is undervalued so far, but the mid-term outlook is also Neutral. It has its FDV at 191.46 million dollars.

EGL1 Surprises with Strong Mid-Term Trend Despite Discount

EGL1 completes the list at 0.1002, down 6.35 percent. While its 7-day VWAP-score of -72 continues to present it as undervalued, it is the fact that is actually labelled as being Overvalued with a VWAP-score of +68 in the 3-month period. 

This is an indication that there could be a nearby correction that will not last long and EGL1 might be ready on a second climb.

EGL1 has a market value of 94.65 million USD, and this is a promising indicator to both long-term holders and short-term buyers expecting another upward run.

The meme coin market is still growing and is becoming a mix of both internal hype and more advanced tools such as VWAP analysis. BONK is leading this list with its recent memecoin launchpad launch. 

Source: https://blockchainreporter.net/bonk-and-fartcoin-dominate-the-list-of-8-most-undervalued-meme-coins-this-week/