A recent report by Santiment, an on-chain analytics firm, suggests that Shiba Inu, Cardano, and Dogecoin are poised for a short-term rally, outperforming Bitcoin, Ethereum, and XRP. The report analyzed the 30-day Market Value to Realized Value (MVRV) metrics, indicating a higher potential for these altcoins to surge in value.

According to Santiment's analysis, Shiba Inu (SHIB) shows the most promising outlook with a 30-day MVRV of -19.1%, followed by Cardano (ADA) and Dogecoin (DOGE) with values of -12.6% and -16.7%, respectively. This suggests that these altcoins are undervalued and may be due for a price increase. In contrast, Bitcoin (BTC), Ethereum (ETH), and XRP have relatively higher MVRV ratios, indicating a less aggressive short-term rally potential.

The report highlights that a lower MVRV ratio increases the likelihood of an imminent rally. Shiba Inu's low MVRV, combined with its recent surge in burn rate and growing adoption, positions it for a substantial price increase. Dogecoin's community-driven momentum and Cardano's technological developments also contribute to their favorable outlooks.

While Bitcoin, Ethereum, and XRP remain industry leaders, their relatively higher MVRV ratios suggest a less aggressive short-term rally potential compared to these altcoins. As of writing, Shiba Inu, Dogecoin, and Cardano prices have seen a significant increase, while Bitcoin and XRP prices have struggled to maintain momentum.

In conclusion, the report suggests that Shiba Inu, Cardano, and Dogecoin are poised for a short-term rally, outperforming Bitcoin, Ethereum, and XRP. The altcoin market appears to be favoring a rally, and investors may want to keep a close eye on these cryptocurrencies. With their low MVRV ratios and growing adoption, Shiba Inu, Cardano, and Dogecoin may be positioned for significant gains in the short term.