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    Home ยป Top 6 Altcoins Set to Soar According to Santiment Analysts
    Altcoin

    Top 6 Altcoins Set to Soar According to Santiment Analysts

    By adminJul. 28, 2024No Comments2 Mins Read
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    Top 6 Altcoins Set to Soar According to Santiment Analysts
    Top 6 Altcoins Set to Soar According to Santiment Analysts
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    Cryptocurrency analysis company Santiment has found that with the rebound in the digital asset market on Friday, altcoins may be on track for an uptrend.

    Santiment uses its Market Value to Realized Value (MVRV) Z-score to value assets, aiming to determine whether assets are undervalued or overvalued.

    Assets with low MVRV Z-scores are considered undervalued, while assets with high MVRV Z-scores are considered overvalued.

    Realized value records the price of each asset at its last change, aiming to assess how many holders are in a profit or loss state.

    The company’s analysts stated:

    “If you believe the market is going up, history shows that assets that traders have suffered more [losses] from are more likely to generate high returns.”

    Read more:


    Michael Saylor believes each Bitcoin token could soar to $490,000

    Santiment emphasizes that undervalued high-pain assets with low MVRV Z-scores include decentralized exchange (DEX) Uniswap (UNI), Shiba Inu (SHIB), blockchain scaling solution Polygon (MATIC), Chainlink decentralized network (LINK), smart contract platform Cardano (ADA), and XRP.

    On the other hand, currently high-risk high-profit assets include Toncoin (TON), Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).

    Although Santiment does not have MVRV data for Stellar (XLM), the company points out that the quantity and sentiment of social media are unfavorable to the token, i.e. “whip” assets.

    The cryptocurrency market showed a severe rebound on Friday in the bull market, remember the average trading return of various assets.

    If you believe the market is about to appear, history shows that assets that traders have suffered the most painful from…

    pic.twitter.com/ReNHwEWb84
    -Santiment (@santimentfeed)
    July 26, 2024

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