2024

Value

Bitcoin

Coin

<ul class="news-points">
 <li><strong>Bitcoin retests $60K after a brief surge, but market analysts remain bullish.</strong></li>
 <li><strong>Santiment identifies BAT, CHR, and HIGH as undervalued altcoins.</strong></li>
 <li><strong>The report suggests that investors may want to wait for a better time to invest in ENS, OM, and RSR.</strong></li>
</ul>
<p>The crypto market has endured weeks of bearish volatility, with Bitcoin (BTC) recently falling back to the $60,000 level after a brief rally to $63,000.</p>
<p>However, market watchers remain optimistic, encouraging investors to accumulate during this period of lower prices. Market intelligence platform Santiment reports that many altcoins are undervalued and poised for a rebound.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> According to mid-term average returns of each wallet across nearly all altcoins, traders are well under water. The <a href="https://twitter.com/santimentfeed?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@santimentfeed</a> Mean Value to Realized Value (MVRV) model shows mathematically viable entry points for BAT, CHR, and HIGH. Meanwhile, ENS, OM, and RSR are projects… <a href="https://t.co/3fMz2hqspN" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/3fMz2hqspN</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1808372092511158564?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 3, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Santiment’s analysis of mid-term average returns across altcoin wallets reveals that traders are currently experiencing substantial losses. However, this indicator suggests that altcoins are in “pri…</p>
<p>The post <a href="https://coinedition.com/crypto-market-dips-but-santiment-data-reveals-undervalued-altcoins/" rel="noopener noreferrer nofollow">Crypto Market Dips, But Santiment Data Reveals Undervalued Altcoins</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Crypto Market Dips, But Santiment Data Reveals Undervalued Altcoins

Coin Edition

Other articles published on Jul 3, 2024

MoonBag Meme Coin Selling Fast at Stage 6 – Tron and ChainGPT Lag in Comparison

Bitcoin Sideways Amid Fed Rate Uncertainty: Is A Liquidity Crunch Looming?

From Biden to Trump: predicting the next president and making money with decentralized markets

Oil King Pepe Hits $7.5 Million, Prepares to Skyrocket Another 18,000% Ahead of KuCoin Listing, a...

Biden Dropout Odds Surge to 80% on Polymarket After NYT Report

Mantra Chain Announces $500M Real Estate Tokenization Deal With Dubai’s MAG Group

Join our free newsletter for daily crypto updates!