Santiment identifies the top three altcoins to buy based onmid-termaverage returns and Market Value to Realized Value（MVRV）indicator.
Points
- Mostaltcoinholdersarecurrentlyunderwater.
- SantimentusestheMVRVindicatortoidentifybullishandbearishaltcoins.
- BasicAttention（BAT）,Chromia（CHR）,andHighstreet（HIGH）presentbuyingopportunities.
The altcoin market has been caught in a bearish trendrecently,with many holders experiencing significantlosses.AsBitcoin’sprice retests the lower border of a horizontal channel that began four monthsago,the fear of further crypto capitulationpersists.Amid thisuncertainty,Santiment has identified the top three altcoins to buy based onmid-termaverage returns and the Market Value to Realized Value（MVRV）indicator.
TopAltcoinstoBuy
According toSantiment,most altcoin holders are currentlyunderwater,showing significantlosses.However,the MVRV indicator highlights potential buying opportunities for certainaltcoins:
1.BasicAttention Token（BAT）
– BAT is in the historically good buy zone according to the MVRV midterm opportunity and danger zonedivergence.
– Thesmall-capaltcoin has a fully diluted valuation of about$283million and a daily average traded volume of about$43million.
– Trading around$0.189,BAT is down23%in the past four weeks but presents a potential buyingopportunity.
2.**Chromia（CHR）
2.Chromia（CHR）
– Chromia（CHR）is another altcoin in the historically good buyzone,according to the MVRVindicator.
– It is anopen-sourcepublic blockchain conceived by the Swedish company ChromawayAB.
– With a fully diluted valuation of about$195million and a daily average traded volume of around$41million,CHR has pumped over7%in the past sevendays.
– Currently trading at approximately$0.2377,CHR is still down over83%from itsall-timehigh,indicating significant room forgrowth.
3.Highstreet（HIGH）
– Highstreet（HIGH）is highlighted as presenting the best buy opportunity recently by the MVRVindicator.
– It is asmall-capaltcoin with a fully diluted valuation of around$178million.
– The altcoin has shown promising potential forgrowth,despite the overall bearish marketconditions.
KeyTakeaways
- Santiment’sMVRVindicatorisavaluabletoolforidentifyingpotentialbuyingopportunitiesinthealtcoinmarket.
- BasicAttentionToken（BAT）,Chromia（CHR）,andHighstreet（HIGH）arepositionedasattractiveinvestmentsbasedontheircurrentvaluationandhistoricalperformance.
- Despitethecurrentbearishtrend,thesealtcoinspresentsignificantgrowthpotentialformid-terminvestors.
解説
- TheMVRVindicatormeasuresthemarketvalueofanassetrelativetoitsrealizedvalue,providinginsightsintowhethertheassetisovervaluedorundervalued.
- Identifyingundervaluedaltcoinsduringbearishmarketconditionscanoffersubstantialreturnswhenthemarketrecovers.
- Investorsshouldconsiderthepotentialrisksandconductthoroughresearchbeforemakinginvestmentdecisions,especiallyinavolatilemarketlikecryptocurrency.