Santiment Named Six Altcoins! “Three Offer Buying Opportunities, Three Offer Selling Opportunities!”

Leading cryptocurrency BitcoinThe general downward trend in altcoins While some altcoins offer buying opportunities after the declines they experience.

at this point SaintlyHe said that according to on-chain data, most altcoin investors are at a loss and have suffered significant losses.

Based on this data, Santiment identified the most potentially bullish and bearish altcoins using the Market Value Realized Value (MVRV) indicator.

BAT, CHR, HIGH, ENS, OM, RSR Examining six altcoins, Santiment warned investors of ENS, MANTRA (OM) and Reserve Rights (RSR), stating that they have entered historically bad selling territory.

But Centimeter BAT, CHR, HIGH He stated that three altcoins named are in a good buy zone.

“Based on the medium-term average return of every wallet across almost all altcoins, traders are in a big loss. The Mean Value to Realized Value (MVRV) model shows that BAT, CHR, and HIGH are at mathematically appropriate entry points, while ENS, OM, and RSR are in sell territory.”

📊 According to mid-term average returns of each wallet across nearly all altcoins, traders are well under water. The @santimentfeed Mean Value to Realized Value (MVRV) model shows mathematically viable entry points for BAT, CHR, and HIGH. Meanwhile, ENS, OM, and RSR are projects… pic.twitter.com/3fMz2hqspN

— Santiment (@santimentfeed) July 3, 2024

*This is not investment advice.