These Are The Altcoins To Keep An Eye On: Santiment
Data from Santiment shows that several altcoins have registered an increase in address activity, which may make them worth keeping an eye on. Bitcoin Cash & Other Altcoins Have Observed A Rise In Active Addresses As explained by the on-chain analytics firm Santiment in a new post on X, some alts are seeing rising activity despite the cooldown that the overall cryptocurrency sector has observed in the past couple of days. The indicator of interest here is the “daily active addresses,” which keeps track of the total number of unique addresses of any given coin that are....
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The on-chain analytics firm Santiment has explained why some altcoins could be worth paying closer attention to right now. These Altcoins Are Observing High Whale Activity Currently In a new post on X, Santiment has suggested traders pay close attention to the altcoins that are observing a high amount of whale activity. The metric of […]
The on-chain analytics firm Santiment has revealed that over 85% of all altcoins in the sector are currently in the historical “opportunity zone.” MVRV Would Suggest Most Altcoins Are Ready For A Bounce In a new post on X, Santiment discussed how the altcoin market looks based on their MVRV ratio model. The “Market Value to Realized Value (MVRV) ratio” is a popular on-chain indicator that compares the market cap of Bitcoin against its realized cap. The market cap here is the usual total valuation of the asset’s circulating supply based on the current spot....
With tens of thousands of altcoins circulating the market, crypto investors can easily miss out on the next 100x coin due to it not being on their radar. This is often not the fault of the investor as it can be hard to keep track of so many coins. As a result of this, a Santiment analyst has presented a total of 6 overlooked altcoins that could be primed for a rally. Crypto Analyst Presents Altcoins Using Network Activity As pointed out by the crypto analyst in the Santiment post, the altcoins outlined were picked due to an uptick in their network activity. These tokens have been able to....
Ethereum and top altcoins have undergone strong retracements from their summer highs. Even still, investors remain bullish as they look out into the long run. Santiment reports that whales have been investing heavily in Ethereum and some ETH-based altcoins. These are REN, Chainlink, Aelf (ELF), Kyber Network (KNC), and 0x (ZRX). Some Ethereum Coins Are Being Accumulated By Whales Ethereum and top altcoins have undergone strong retracements from their summer highs. ETH, for instance, dropped […]
Social media sentiment for Bitcoin has slumped to two year lows which is good for those wanting to go against the crowd. On-chain analytics provider Santiment asserts that Bitcoin and crypto assets tend to bounce when social sentiment indicates there is a lot of fear, uncertainty and doubt, which suggests that now is a buying opportunity.According to its Bitcoin weighted social sentiment against price chart, this is exactly what is currently going on. Since its weekend lows, Bitcoin prices have recovered around 2.4% to current levels.https://t.co/bFKcBHUDY4 1) Prices of $BTC and other....