Value

Chromia

Highstreet

MANTRA

Reserve Rights

<p>The post <a href="https://coinpedia.org/news/santiment-reveals-top-three-altcoins-to-buy-in-the-midterm/" rel="noopener noreferrer nofollow">Santiment Reveals Top Three Altcoins to Buy in the Midterm</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The altcoin industry has been caught in a bearish trend in the past few weeks. Even the meme coin sector has been contracting despite the increased whale on-chain activities. As Bitcoin’s (BTC) price retests the lower border of a horizontal channel that began four months ago, the fear of further crypto capitulation is not over.</p>
<p>Moreover, the US spot Bitcoin ETFs have experienced mixed cash flows in the last few weeks.&nbsp;</p>
<p>Additionally, the heightened Bitcoin sales by the German government amid Mt.Gox’s $9 billion distribution have weighed heavily on the bullish sentiment. As a result, the altcoin industry has continued to bleed despite their respective pairs trading and multi-year lows against Bitcoin.</p>
<h2 class="wp-block-heading" id="h-santiment-on-top-three-altcoins-to-buy">Santiment on Top Three Altcoins to Buy</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <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" 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" rel="noopener noreferrer nofollow">pic.twitter.com/3fMz2hqspN</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1808372092511158564?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 3, 2024</a>
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<p>According to the on-chain analysis provided by Santiment, most of the altcoin holders are underwater, counting significant losses. As a result, the firm used the Market Value to Realized Value (MVRV) indicator to determine the most potentially bullish and bearish altcoins.</p>
<p>Meanwhile, Santiment cautioned holders of ENS, MANTRA (OM), and Reserve Rights (RSR) as they are in the historically bad sell zone.</p>
<h3 class="wp-block-heading" id="h-basic-attention-bat"><strong>Basic Attention (BAT)</strong></h3>
<p>According to the MVRV midterm opportunity and danger zone divergence, the BAT token is in the historically good buy zone. The small-cap altcoin, with a fully diluted valuation of about $283 million and a daily average traded volume of about $43 million, is still 90 percent below its all-time high.</p>
<p>The altcoin traded around $0.189 on Wednesday, down 23 percent in the past four weeks.</p>
<h3 class="wp-block-heading" id="h-chromia-chr"><strong>Chromia (CHR)</strong></h3>
<p>Similarly, Chromia (CHR), an open-source public blockchain conceived by the Swedish company Chromaway AB, is in the historically good buy zone. The small-cap altcoin, with a fully diluted valuation of about $195 and a daily average traded volume of around $41 million, has pumped over 7 percent in the past seven days to trade about $0.2377 on Wednesday.</p>
<p>Nonetheless, CHR price is still down over 83 percent from its all-time high.</p>
<h3 class="wp-block-heading" id="h-highstreet-high"><strong>Highstreet (HIGH)</strong></h3>
<p>Santiment’s MVRV indicator highlighted that Highstreet (HIGH), a small-cap altcoin with an FDV of around $178 million, has presented the best buy opportunity recently.</p>

Santiment Reveals Top Three Altcoins to Buy in the Midterm

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