6 Altcoins Offering Buy and Sell Opportunities
Cryptocurrency analysis platform Santiment has revealed six altcoins that offer buying or selling opportunities based on their recent performance. Major cryptocurrencies like Bitcoin and Ethereum have lost value in the past seven days. Meanwhile, some altcoins have presented opportunities for investors to enter or exit the market.
Santiment analyzed these altcoin projects using the MVRV Opportunity & Danger Zone Model.
The MVRV, which shows the ratio of Market Value to Realized Value, is obtained by dividing the market value of a cryptocurrency by its realized market value. An increase in this ratio indicates that people are more willing to sell that cryptocurrency.
Three altcoins signal a buying opportunity
Santiment announced that Basic Attention Token (BAT), Chromia (CHR), and Highstreet (HIGH) are currently in a good buying zone. All three of these altcoin projects have seen significant declines recently. In the past seven days, BAT has dropped by 24.5%, CHR by 33.9%, and HIGH by 76.9%.
Pay attention to three rising projects
Despite the overall market downturn, some altcoins have recently moved upward. Santiment noted that Ethereum Name Service (ENS), MANTRA (OM), and Reserve Rights (RSR) tokens have now entered the selling zone.
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