#Altcoins Flashing #Bullish Signal After Last Week’s Bloodbath

New data from market intelligence firm Santiment suggests that altcoins may recoup some of their losses from the crypto market’s sharp downturn last week.

According to the crypto #analytics platform, altcoins are “overwhelmingly showing undervaluation” after last week’s bloodbath, leaving investors divided on how quickly the markets can recover.

Using the market value to realized value (#MVRV ) metric, which gauges whether a crypto asset is overvalued or undervalued, Santiment finds that the majority of altcoins are currently trading in the underbought zone.

“Market caps have fallen considerably over the past week, and traders are very polarized. Many believe a quick recovery is coming, while others see this as just the beginning of the dump. But undeniably, average crypto returns are in a mathematically historic opportunity zone.”