Prime

Time

<ul class="news-points">
 <li>Santiment argued now may be a good time to buy altcoins before the bull run.</li>
 <li>It observed that over 85% of monitored assets are in a historically buying opportunity zone.&nbsp;</li>
 <li>This observation draws from the MVRV of wallets’ combined returns over one-month, three-month, and six-month periods.</li>
</ul>
Prominent market intelligence firm Santiment has suggested that now may still be an opportune moment to buy altcoins before the bull rally that typically follows a Bitcoin halving. Santiment called attention to this view in a recent <a href="https://twitter.com/santimentfeed/status/1783350148493721899" target="_blank" rel="noopener noreferrer nofollow">post</a> on X after examining the mid-term gains and losses realized for most altcoins.
Specifically, the intelligence platform noted that average wallets’ mid-term gains and losses indicate heavy realized losses across most altcoins. It observed that over 85% of the assets it monitors are in a historically buying opportunity zone.&nbsp;
Santiment noted that this observation is particularly true when evaluating the market value to realized value (MVRV) of wallets’ combined returns over one-month, three-month, and six-month periods. As a result, Santiment suggested that it could be justifiable to consider buying, especially as growing fear permeates th…
The post <a href="https://coinedition.com/data-shows-now-might-be-prime-time-to-buy-altcoins-heres-why/" rel="noopener noreferrer nofollow">Data Shows Now Might Be Prime Time to Buy Altcoins: Here’s Why</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Data Shows Now Might Be Prime Time to Buy Altcoins: Here’s Why

Coin Edition

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