Shiba

Cardano

bullish

Shiba Inu

<p><a href="https://bitcoinist.com/altcoins-fresh-address-activity-santiment-reveals/">Santiment</a>, a prominent cryptocurrency and market intelligence platform, has identified Shiba Inu (SHIB), <a href="https://bitcoinist.com/cardano-sets-stage-chang-hard-fork-node-upgrade/">Cardano (ADA)</a> and <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-breakout-0-60/" rel="nofollow noopener" target="_blank">XRP</a> among its top altcoin picks. Utilizing advanced technical indicators, the market intelligence platform has pinpointed its altcoin picks as having the potential for both significant giants and substantial losses for investors.&nbsp;</p> 
<h2 id="santiment-unveils-top-altcoin-picks">Santiment Unveils Top Altcoin Picks</h2> 
<p>In an X (formerly Twitter) <a href="https://x.com/santimentfeed/status/1816716318101647721?s=46" rel="nofollow" target="_blank">post</a> on Friday, July 26, the crypto market experienced a <a href="https://bitcoinist.com/dogecoin-hits-major-milestone/">strong rebound</a>, potentially indicating a shift from bearish trends to more bullish ones. Taking note of Friday’s bullish uptick, Santiment meticulously outlined a list of crypto assets based on their historical performance and <a href="https://www.newsbtc.com/news/sub-1-altcoins-bull-run/" rel="nofollow noopener" target="_blank">potential for a bullish divergence</a>.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-312441" src="https://bitcoinist.com/wp-content/uploads/2024/07/Shiba-Inu-Santiment.jpg?w=512&amp;resize=512%2C359" alt="Shiba Inu Santiment" width="512" height="359" data-recalc-dims="1"> 
<p>The market intelligence platform recommended that investors closely monitor these assets, particularly their respective average trading returns. According to its recent analysis, if investors believe that the crypto market is on the verge of a substantial bullish surge, historical trends suggest that <a href="https://bitcoinist.com/why-time-to-invest-in-altcoins-now-santiment/">investing in assets</a> where traders have previously suffered the most could yield the highest results during a market recovery.&nbsp;</p> 
<p>In light of this, Santiment has unveiled ten notable altcoins including <a href="https://bitcoinist.com/crypto-cardano-shiba-inu-xrp/">Shiba Inu, Cardano and XRP</a>, and others, that could present significant profits opportunities or notable risks for investors. The market intelligence platform also provided insights into the <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-cardano-bullish-based-mvrv-santiment/" rel="nofollow noopener" target="_blank">Market Value to Realized Value (MVRV)</a> Z-Scores of these crypto assets, highlighting the importance of this data for investors to make informed investment decisions.&nbsp;</p> 
<p><a href="https://www.newsbtc.com/shiba-inu/shiba-inu-xrp-altcoins-bullish-divergence/" rel="nofollow noopener" target="_blank">The MVRV Z-Score</a> is a unique market metric used to assess the valuation of an asset compared to its historical average trading returns. A high MVRV Z-Score typically suggests that a <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-underbought-bitcoin-overbought-santiment/" rel="nofollow noopener" target="_blank">crypto asset is significantly overvalued </a>while assets tagged with a low MVRV is considered undervalued.&nbsp;</p> 
<p>In its top 10 altcoin picks, Santiment identified assets that exhibit the best and worst MVRV Z-Score, offering investors a potential roadmap to avoid losses and gain high returns. According to the market intelligence platform, high-pain assets with lower investment risks include Uniswap (UNI), Shiba Inu, Cardano, XRP, Polygon (MATIC), and <a href="https://www.newsbtc.com/news/chainlinks-performance-crucial-for-altcoin-market-analyst-suggests-rally-ahead/" rel="nofollow noopener" target="_blank">Chainlink (LINK)</a>.</p> 
<p>On the other hand, high gain assets with significantly larger investment risk include popular cryptocurrencies such as <a href="https://bitcoinist.com/bitcoin-hashrate-all-time-high-btc-price-67000/">Bitcoin (BTC)</a>, <a href="https://www.newsbtc.com/analysis/eth/ethereum-to-match-bitcoin-strength/" rel="nofollow noopener" target="_blank">Ethereum (ETH)</a>, Dogecoin (DOGE), and Toncoin (TON).</p> 
<h2 id="altcoin-market-poised-for-major-break-out">Altcoin Market Poised For Major Break Out</h2> 
<p>While Santiment unveils a compiled list of altcoins set to make the most gains, crypto analyst, Michael van de Poppe sheds light on the current state of the <a href="https://www.newsbtc.com/altcoin/crypto-winter-arrives-early-for-altcoin-as-venture-capital-founder-selloffs-mount/" rel="nofollow noopener" target="_blank">altcoin market</a> and its significant growth potential. In an <a href="https://x.com/cryptomichnl/status/1817213360280137883?s=46" rel="nofollow" target="_blank">X post</a>, Poppe disclosed the latest trends in the altcoin market, noting that over the past week, the total market capitalization of altcoins declined by a staggering 4%.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-312442" src="https://bitcoinist.com/wp-content/uploads/2024/07/Santiment-2.jpg?w=512&amp;resize=512%2C270" alt="Santiment 2" width="512" height="270" data-recalc-dims="1"> 
<p>Despite the market’s rough week, Poppe believes that its recent <a href="https://www.newsbtc.com/news/solana/solana-snowfall-price-plunges-amidst-market-correction-will-it-get-worse/" rel="nofollow noopener" target="_blank">bearish correction</a> has concluded. He sees the market correction as a consolidation or build up phase, setting the stage for a significant upward movement. The crypto analyst has also predicted a major <a href="https://bitcoinist.com/altcoin-season-ethereum-breakout/">bullish breakout</a> in the altcoin market, potentially pushing its <a href="https://www.newsbtc.com/news/altcoin-market-cap-wyckoff-accumulation-phase-ethereum-xrp-fly/" rel="nofollow noopener" target="_blank">market capitalization </a>above $800 billion.&nbsp;</p> 
<img loading="lazy" decoding="async" src="https://www.tradingview.com/x/vv5lqvuW/" alt="Shiba Inu price chart from Tradingview.com (Altcoin)" width="3286" height="1518">

Shiba Inu, Cardano, And XRP Appear On Santiment’s Top Altcoin Picks

Зміст

Bitcoinist

Інші статті, опубліковані 29 лип. 2024 р.

Whales Boost ARB Token Holdings

Hacker gets 3.5 years prison for $900K Coinbase login scam: Report

Bitcoin at $68,000: Trump reignited investor optimism

After BTC ETF, 21Shares Now Integrates Chainlink for Its ETH ETF!

BTC, XRP and SHIB Outshined By 14% Bitcoin Cash (BCH) Surge

Binance's First Airdrop Portal Project: What is Banana Gun?

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!