LIVE🔥🔥🔥 85% Of #Altcoins👀🚀 In “Opportunity Zone,” Santiment Reveals
Santiment's recent analysis reveals that more than 85% of altcoins are currently positioned within the historical "opportunity zone."
Using its MVRV ratio model, Santiment assesses the state of the altcoin market. The MVRV ratio compares Bitcoin's market cap with its realized cap, offering insights into investor capital injection and current value holdings.
The market cap represents the total valuation of a #cryptocurrency 's circulating supply based on the current spot price, while the realized cap calculates the asset's value based on its last transaction on the #Blockchain , reflecting its "true" value.
The MVRV ratio provides insights into the total capital investors have injected into the asset compared to the value holders are currently carrying.
Historically, elevated profits among investors often precede market tops, while widespread losses may indicate potential bottom formations as selling pressure wanes in the market.
Santiment has established an "opportunity" and "danger" zone framework for altcoins based on the MVRV ratio. When the MVRV divergence exceeds 1, the coin is deemed to be within the bullish opportunity zone, while falling below -1 indicates entry into the bearish danger zone.
According to Santiment, over 85% of tracked assets are currently within the historic opportunity zone, suggesting potential investment opportunities.
In #Ethereum news, the largest altcoin by market capitalization has experienced a 3% uptick over the past week, pushing its price to $3,150.
Source - newsbtc.com