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.
BuildOn (B) and MOODENG Draw Eyes with Neutral Trends
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.
