These Are The Altcoins In Buy Zone, Analytics Firm Reveals

Name	Symbol	Market	Market Cap ($)	Algorithm
Pepe	PEPEUSD	Crypto	3,836,692,800	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Pepe

PEPEUSD

Crypto

3,836,692,800

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00000023	2.59%	0.00000910	0.00000909	0.00000911

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00000023

2.59%

0.00000910

0.00000909

0.00000911

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.00000930	0.00000871	0.00000887	0.00000887	0.00000060 - 0.000017

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.00000930

0.00000871

0.00000887

0.00000060 - 0.000017

Exchange	Last Trade	Size	Trade Price	Currency
GEMN	12:24:12	27,426.00	0.00000910	USD

Exchange

Last Trade

Size

Trade Price

Currency

GEMN

12:24:12

27,426.00

0.00000910

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,100,299.78	121,242,862,687.70	PEPE	PEPEEUR

Price x Volume

Volume

Base Symbol

Related Pairs

1,100,299.78

121,242,862,687.70

PEPE

PEPEEUR

These Are The Altcoins In Buy Zone, Analytics Firm Reveals

03/07/2024 10:30pm

NEWSBTC

The on-chain analytics firm Santiment has revealed the altcoins that are currently in the historical buy zone according to a fair value model. A Large Amount Of Altcoins Are Currently Near The Opportunity Zone In a new post on X, Santiment talked about what the various assets in the cryptocurrency sector are looking like right now based on their Market Value to Realized Value (MVRV) ratios. The MVRV ratio is an indicator that keeps track of the profit/loss status of the addresses on any given network. When the value of this indicator is greater than 1, it means the investors are carrying a net amount of profits right now. On the other hand, the metric under this threshold implies the dominance of losses in the market. Related Reading: Crypto Analyst Says Next Bitcoin Target Is $78,700 If BTC Breaks This Resistance Naturally, the MVRV ratio being exactly equal to 1 suggests the unrealized loss on the network is exactly equal to the unrealized profit, so the average holder could be considered just breaking even. Historically, corrections have become more probable when investor profits have ballooned up. Holders become more tempted to sell the larger their gains grow. Similarly, holders getting underwater has facilitated bottom formations, as sellers become exhausted during such conditions. Based on these facts, Santiment has developed an Opportunity and Danger Zone Model that uses the MVRV ratio’s divergence on different timeframes to estimate better whether an asset is currently providing a buying or selling window. Now, here is the chart shared by the analytics firm that shows where the different altcoins stand according to this model: Note that in this model, the zero mark takes the role of the neutral 1 level from the MVRV ratio. Also, the polarity is flipped here, with values under zero implying profit dominance and those above signifying loss. The graph shows that most of the altcoins are in the positive region right now, suggesting that their investors are underwater. Among these, Basic Attention Token (BAT), Chromia (CHR), and Highstreet (HIGH) particularly stand out as their MVRV divergence exceeds the 1 mark. Related Reading: PEPE Bullish Signal: Whale Withdraws $14.7 Million Stack From Binance Under this model, the region above 1 is called the “Opportunity Zone,” as assets have historically offered the most profitable opportunities while inside it. While most altcoins are at least slightly undervalued currently, a few, like Ethereum Name Service (ENS), MANTRA (OM), and Reserve Rights (RSR), are in or near the Danger Zone instead. The Danger Zone, which occurs under -1, is the counterpart to the Opportunity Zone, where coins become overvalued. Ethereum Price Ethereum, the largest among the altcoins, has faced a plunge of more than 4% in the last 24 hours, which has taken its price under the $3,300 level. Featured image from Shutterstock.com, Santiment.net, chart from TradingView.com

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