Cryptocurrency analysis platform Santiment has revealed six altcoins that present buying or selling opportunities based on their recent performance.
While major cryptocurrencies like Bitcoin and Ethereum have lost value over the past seven days, some altcoins have presented opportunities for investors to enter or exit the market.
Santiment evaluated these altcoin projects using the MVRV Opportunity & Danger Zone Model.
MVRV Ratio: A Signal for Buying and Selling
The Market Value to Realized Value Ratio (MVRV) is obtained by dividing the market value of a cryptocurrency by its realized market capitalization. An increase in this ratio indicates that people are more willing to sell that cryptocurrency.
Santiment revealed that Basic Attention Token (BAT), Chromia (CHR), and Highstreet (HIGH) projects are currently in a good buying zone.
All three of these altcoin projects have seen significant declines in recent times. Over the past seven days, BAT has fallen by 24.5%, CHR by 33.9%, and HIGH by 76.9%.
Despite the general decline in the cryptocurrency market, some altcoins have recently moved upwards.
Santiment noted that Ethereum Name Service (ENS), MANTRA (OM),
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