Altcoin
Shiba Inu, Cardano, and XRP Feature Among Santiment’s Top Altcoins Picks
Holinessa leading cryptocurrency and market intelligence platform, has identified Shiba Inu (SHIB), Cardan (ADA) AND Exchange rate risk among its top altcoin picks. Using advanced technical indicators, the market intelligence platform identified its altcoin picks as having the potential for both significant giants and substantial losses for investors.
Santiment Reveals Top Altcoin Picks
In an X (ex Twitter) send On Friday, July 26, the cryptocurrency market recorded a strong reboundpotentially indicating a shift from bearish to more bullish trends. Taking note of Friday’s bullish surge, Santiment has meticulously outlined a list of cryptocurrencies based on their historical performance and potential for a bullish divergence.
The market intelligence platform recommended that investors carefully monitor these assets, especially their average trading returns. According to its recent analysis, if investors believe that the cryptocurrency market is on the verge of a substantial bull run, historical trends suggest that invest in business Positions where traders have suffered the most in the past may produce the best results during a market recovery.
In light of this, Santiment has unveiled ten noteworthy altcoins including Shiba Inu, Cardano and XRPand others, which may present significant profit opportunities or significant risks to investors. The market intelligence platform also provided insights into Market Value to Realized Value (MVRV) The Z-scores of these cryptocurrencies highlight the importance of this data for investors to make informed investment decisions.
The MVRV Z-score is a unique market metric used to evaluate the valuation of an asset relative to its historical average trading returns. A high MVRV Z-score typically suggests that a cryptocurrency is significantly overvalued while assets marked with a low MVRV are considered undervalued.
In its top 10 altcoins, Santiment identified assets that have the best and worst MVRV Z-Scores, offering investors a potential roadmap to avoid losses and earn high returns. According to the market intelligence platform, high-pain assets with lower investment risks include Uniswap (UNI), Shiba Inu, Cardano, XRP, Polygon (MATIC), and Chain (LINK).
On the other hand, high-return assets with significantly higher investment risk include popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH)Dogecoin (DOGE) and Toncoin (TON).
Altcoin Market Is Ready for a Major Shift
As Santiment unveils a compiled list of altcoins set to make the biggest gains, cryptocurrency analyst Michael van de Poppe sheds some light on the current state of the altcoin market and its significant growth potential. In a post XPoppe revealed the latest trends in the altcoin market, noting that the total market cap of altcoins has dropped by a staggering 4% over the past week.
Despite the difficult week of the market, Poppe believes that his recent bearish correction he concluded. He sees the market correction as a consolidation or accumulation phase, setting the stage for a significant move higher. The cryptocurrency analyst also predicted a major bullish breakout in the altcoin market, potentially pushing its market capitalization over 800 billion dollars.
Featured image created with Dall.E, chart from Tradingview.com