Shiba

Dogecoin

Cardano

Bitcoin

Shiba Inu

While Bitcoin rose above $ 67,000 during the day after the decline it experienced yesterday, Santiment examined which cryptocurrencies are higher risk and which are less risky. 
Using the MVRV-Z Score indicator in this review, Santiment determined which crypto was overvalued or bearish. 
A high MVRV ratio means investors are holding on to unrealized profits and may be tempted to sell. A low MVRV ratio means investors are holding on to unrealized losses and may be tempted to buy. 
According to Santiment's review, Toncoin (TON), Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) are located in what is marked as the red zone in terms of MVRV-Z Score. 
The red zone in the MVRV-Z Score is considered to indicate that the relevant assets are of high value and carry high risk. In other words, this indicates that investors may consider selling and taking a profit because the asset may be overvalued. 
According to Santiment data, this rate for TON is 5.09; 2.2 for BTC; It was measured at 0.95 for ETH and 0.5 for DOGE. 
On the contrary, altcoins with a low MVRV-Z Score below 0 are of low value and carry less risk. At this point, altcoins with low MVRV-Z Scores are the ones that cause the most trouble to investors and are therefore likely to make a return. 
According to Santiment data, altcoins with low MVRV-Z Score and offering buying opportunities are listed as Uniswap (UNI), Shiba Inu (SHIB), Polygon (MATIC), Chainlink (LINK), Cardano (ADA) and XRP. 
According to the data, this rate for UNI is -2.29; -1.63 for SHIB; -0.95 for MATIC; -0.61 for LINK; It was measured as -0.38 for ADA and -0.2 for XRP. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <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;"> As crypto markets are showing serious bounce action on a bullish Friday, keep in mind where various assets stand in terms of average trading returns. 
 If you believe markets are about to surge, history says that buying into assets that traders have experienced the most pain in… <a href="https://t.co/ReNHwEWb84">pic.twitter.com/ReNHwEWb84</a> 
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1816716318101647721?ref_src=twsrc%5Etfw">July 26, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
&nbsp; 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/santiment-reviewed-bitcoin-and-nine-altcoins-btc-and-these-three-altcoins-are-too-risky/">Santiment Reviewed Bitcoin and Nine Altcoins! "BTC and These Three Altcoins Are Too Risky!"</a>

Santiment Reviewed Bitcoin and Nine Altcoins! "BTC and These Three Altcoins Are Too Risky!"

Bitcoin Sistemi EN

Други статии, публикувани на 26.07.2024 г.

Coinbase Demands SEC Release Gary Gensler’s Private Emails in New Court Motion

Bitcoin Hits Critical Support Level

Leading Analysts Recommend Holding This High Potential Cryptocurrency Before 1300% Surge

Dotcoin Tap-to-Play Game Set to Launch on Venom (26 Jul)

W5 Wallet Simplifies Transactions for Telegram Users

hki.eth (#HashKey Capital) Re-enters PENDLE Market with Major Purchase

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!