AltCoin

<ul><li>Santiment tweeted that its MVRV model shows that many altcoins are underbought.</li><li>According to the tweet, the opportune time to purchase altcoins is now.</li><li>Many of the top 10 cryptos posted 24-hour losses according to CoinMarketCap.</li></ul>The blockchain analytics firm, Santiment (&#64;santimentfeed), tweeted this morning that traders and investors looking to buy into altcoins may want to do so now. The tweet added that despite the bloodshed in the <a href="https://coinedition.com/market/" rel="noopener noreferrer nofollow">crypto market</a>, Santiment’s MVRV model indicates that many altcoins are underbought.The tweet did warn that prices may continue to drop further, but that this is the most that many altcoins have been in “opportunity zones” since early January of this year.At press time, CoinMarketCap shows that the total market cap of the crypto market has dropped 1.47% over the last 24 hours. As a result, the global market cap stands at $997.44 at press time.The majority of the top 10 cryptos printed losses over the last 24 hours, except for Binance Coin (BNB) and Ripple (XRP) which printed 0.90% and 2.59% gains respectively.<a href="https://coinedition.com/opportunity-present-in-the-altcoin-market-suggests-mvrv-model/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Opportunity Present in the Altcoin Market, Suggests MVRV Model

Coin Edition

Alte articole publicate pe 9 mar. 2023

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