Santiment, a crypto analytics firm, has identified some promising altcoins in the growing digital asset market. They use a metric called market value-to-realized-value (MVRV) Z-score to determine whether an asset is undervalued or overvalued. Assets with a low MVRV Z-score are considered undervalued, while those with a high score are seen as overvalued.
According to Santiment, buying assets that traders have experienced the most pain in could lead to high returns if the market surges. Some undervalued assets with low MVRV Z-scores include Uniswap (UNI), Shiba Inu (SHIB), Polygon (MATIC), Chainlink (LINK), Cardano (ADA), and XRP. On the other hand, riskier but potentially high-gain assets include Toncoin (TON), Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
Although Santiment doesn’t have MVRV data on Stellar (XLM), they note that the social volume and sentiment for the XRP competitor have been negative, which they see as a mildly bullish sign for the asset.
It’s important to remember that these are just opinions and not investment advice. Investors should always conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. All transfers and trades are done at your own risk, and any losses incurred are your responsibility. The Daily Hodl, where this information originated from, does not endorse the buying or selling of any cryptocurrencies or digital assets, and they are not investment advisors.
In conclusion, Santiment’s picks for top altcoins to watch in the current crypto market provide valuable insights for investors looking to navigate the growing digital asset landscape. By considering factors like MVRV Z-scores and social sentiment, investors can make more informed decisions when it comes to their investment strategies in the volatile world of cryptocurrency.
