85% Of Altcoins In “Opportunity Zone,” Santiment Reveals https://ift.tt/vV4OFoH The on-chain analytics firm Santiment has revealed that over 85% of all altcoins in the sector are currently in the historical “opportunity zone.” MVRV Would Suggest Most Altcoins Are Ready For A Bounce In a new post on X, Santiment discussed how the altcoin market looks based on their MVRV ratio model. The “Market Value to Realized Value (MVRV) ratio” is a popular on-chain indicator that compares the market cap of Bitcoin against its realized cap. The market cap here is the usual total valuation of the asset’s circulating supply based on the current spot price. At the same time, the latter is an on-chain capitalization model that calculates the asset’s value by assuming the “true” value of any coin in circulation is the last price at which it is transferred on the blockchain. Given that the last transaction of any coin would have likely been the last time it changed hands, the price at its time would act as its current cost basis. As such, the realized cap essentially sums up the cost basis of every token in the circulating supply. Therefore, one way to view the model is as a measure of the total amount of capital the investors have put into the asset. In contrast, the market cap measures the value holders are carrying. Since the MVRV ratio compares these two models, its value can tell whether Bitcoin investors hold more or less than their total initial investment. Historically, when investors have been in high profits, tops have become probable to form, as the risk of profit-taking can spike in such periods. On the other hand, a dominance of losses could lead to bottom formations as selling pressure runs out in the market. Based on these facts, Santiment has defined an “opportunity” and “danger” zone model for altcoins. The chart below shows how the market currently looks from the perspective of this MVRV model. The data for the MVRV divergence for the various altcoins | Source: Santiment on X Under this model, when the MVRV divergence for any asset on some timeframe is higher than 1, the coin is considered to be inside the bullish opportunity zone. Similarly, if it is less than -1, it suggests it’s in the bearish danger zone. The chart shows that MVRV divergence for a large part of the market is in the opportunity zone right now. As the analytics firm explains, Over 85% of assets we track are in a historic opportunity zone when calculating the market value to realized value (MVRV) of wallets’ collective returns over 1-month, 3-month, and 6-month cycles. Thus, if the model is to go by, now may be the time to go around altcoin shopping. ETH Price Ethereum, the largest among the altcoins, has observed a 3% surge over the past week, which has taken its price to $3,150. Looks like the price of the asset has gone up over the last few days | Source: ETHUSD on TradingView Featured image from Shutterstock.com, Santiment.net, chart from TradingV...
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Analyst says $1 is impossible for Shiba Inu, Dogecoin price soars - https://lnkd.in/dCPVDph6 #cryptocurrency #bitcoin #news #affiliateprogram #affiliatemarketing #DigitalMarketing #Technology #money #blockchain #investing Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As doubts grow over Shiba Inu’s $1 potential, IntelMarkets gains favor for AI utility, while Dogecoin surges, drawing investors. While anticipation builds in the crypto space, experts are beginning to question whether Shiba Inu (SHIB) will ever reach the $1 price point. Investors are currently looking at other potential candidates like IntelMarkets (INTL) to do the same. Unlike the Shiba Inu coin, IntelMarkets has a better chance of hitting $1 because of its more impressive use and integration of artificial intelligence. On the other hand, the market has received a new wave of interest in Dogecoin (DOGE), and its price has jumped up again, which has attracted the attention of investors. Shiba Inu can’t reach $1, says investing haven A crypto analyst from Investing Haven has shared a bearish forecast for Shiba Inu enthusiasts by rejecting their goal of reaching $1 per coin. The analysis cited SHIB’s large circulatory supply of 589.26 trillion as a major obstacle. The analyst also talked about other obstacles, like the need for massive supply burns and real-world utility. In the meantime, the Shiba Inu crypto price has reduced its losses on the weekly timeframe. The memecoin has been on an uptrend in the past two days, partly due to the ongoing US elections. According to CoinMarketCap’s data, SHIB’s price surged from $0.0000165 to $0.0000195. Meanwhile, the 14-day RSI of the Shiba Inu token has risen close to the 50 mark, signaling an uptrend. CryptoPopeye forecast the value of the meme coin could increase to $0.00002156 in the next few days. IntelMarkets, a better crypto to hit $1 IntelMarkets (INTL) is gaining traction in the crypto market, rising to a new high of $0.045727. It has raised over $1.91 million and is quickly closing in on $2 million. Going forward, analysts forecast the value of IntelMarkets could soar to $1 in the future based on its unique utility and integration of artificial intelligence. IntelMarkets wants to become an industry leader by introducing new features that will be relevant to traders in the DeFi market. One of these features is the self-learning AI trading bots, which monitor market changes within seconds. In contrast to conventional bots, IntelMarkets’ trading bot can learn and evolve with every trade. It can also follow set strategies and risk levels. In addition to the trading bots, IntelMarkets is also flexible in its manner of operation. It ca
Analyst says $1 is impossible for Shiba Inu, Dogecoin price soars
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Chainlink Whales Waking Up – Data Shows Signs Of Accumulation https://lnkd.in/dqhPBdvE #News #Bitcoin #Chainlink #ChainLinkLINK #ChainlinkBullish #ChainlinkBullishSignal #Chainlinknews #ChainlinkOnChainData #ChainlinkWhales #crypto #LiNK #linkusdt #news #NewsBTC
Chainlink Whales Waking Up – Data Shows Signs Of Accumulation
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10x Research on last week's and this week's top stories Researchers at 10x Research, led by Markus Thielen, have published a digest of key news in the cryptocurrency sector over the past week, as well as highlighted important and key events in the current week. Based on this information, traders and investors can try to predict the future behavior of the market. Last week was full of events in the global economy and cryptocurrency sector. ISM data pointed to a decline in activity in the U.S. manufacturing sector, although the service sector showed resilience, which calmed fears of an economic slowdown. In parallel, the UAE “exempted” cryptocurrency transactions from VAT, while Coinbase and Kraken are preparing to remove certain stablecoins from the platform in the EU. Ripple continues its legal fight with the SEC, while the digital currency market has seen a drop in liquidity due to token sell-offs and Binance's shrinking market share. In the coming week, a number of important events could impact the industry. On Monday, October 7, speculation continues around the US presidential election, where Donald Trump is now showing a slight edge over Kamala Harris. This could affect market perception and investor sentiment. On Tuesday, October 8, HBO will release a documentary about Bitcoin in which Len Sassaman is mentioned as a possible creator of the cryptocurrency. Wednesday, October 9, will bring the unlocking of OP tokens, as well as the release of minutes from the Fed's September meeting. Thursday and Friday will be rich with economic reports in the U.S., including Consumer Price Index (CPI) and Producer Price Index (PPI) data, which could affect Fed interest rate expectations. All the mentioned events may influence the further development of the crypto market, especially in light of the unstable economic situation and non-standard regulatory decisions.
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Exciting Insights from CCData March Report! 📈 Key takeaways from the latest CBDC report reveal fascinating trends in the world of stablecoins: 🔹 Total Market Capitalisation: As of March 15th, the total market capitalisation of stablecoins surged by 4.24% to reach a staggering $147 billion, marking the sixth consecutive monthly increase. Notably, this figure represents the highest market capitalisation for stablecoins since September 2022. 🔹 Trading Volume Surge: In February, the trading volume of stablecoins on centralised exchanges witnessed a significant uptick of 5.17%, soaring to $1.09 trillion. This surge marks the highest trading volume for stablecoins on centralised exchanges since December 2021. USDT continues to lead the pack, commanding a dominant 77.4% market share among the top 10 stablecoins by market capitalisation. What does this escalating demand for stablecoins mean for the market? Increased demand for stablecoins reflects a growing appetite for stability and liquidity within the cryptocurrency ecosystem. Investors and traders are increasingly relying on stablecoins as a safe haven amidst market volatility, showcasing a maturing and evolving landscape. For online businesses that enable crypto payments, this surge in stablecoin demand presents a golden opportunity. By integrating stablecoin payment options, businesses can tap into a vast pool of crypto holders looking for seamless and secure payment solutions. Moreover, embracing stablecoin payments can offer businesses a competitive edge, fostering trust and accessibility among crypto-savvy consumers. https://lnkd.in/dKSBFiPc #CBDC #Stablecoins #Cryptocurrency #Finance #DigitalEconomy #Web3 #CrytoPayments #Blockchain
Stablecoins & CBDCs Report - March 2024
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This week's Weekly Wrap is out! 2023 marked a significant recovery in the crypto market, with global gains surging to $37.6 billion. The United States spearheaded this achievement, followed by the UK, Vietnam, and China. While regulatory challenges persist, the increasing institutional interest and advancements like Ethereum's Dencun upgrade are notable highlights. We take a closer look at Bitcoin's optimistic price trajectory and the impact of recent regulatory developments. Join us in exploring these moments and what they mean for the future of cryptocurrency. https://buff.ly/3Tg3dfz #CryptoMarket #BlockchainTechnology #InstitutionalInvestment
Crypto Weekly Wrap: 15th March 2024
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Excited to share my latest publication at CoinMart! 🌟 This piece delves into the pivotal role of the Fear & Greed Index (FGI) in shaping market sentiments in the Bitcoin and cryptocurrency world. It offers an enlightening view on the intricate interplay of emotions and market trends. A must-read for anyone keen on understanding the psychological drivers behind the crypto market's ups and downs. Check it out for some deep insights! 💡 #Bitcoin #Cryptocurrency #MarketSentiment #Investing
Check out our latest article delving into the significance of the Crypto Fear and Greed Index in deciphering the dynamic shifts within the cryptocurrency market. #CryptoMarketInsights #FearAndGreedIndex #BitcoinTrends
The Role of Crypto Fear & Greed index of Bitcoin and other Cryptocurrencies
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Analyst highlights 10 promising memcoins Bitcoin is striving for a recovery and analysts' attention is shifting to high-risk investments such as memcoins. Renowned crypto analyst Ansem has also presented his top 10 memcoins. We offer you to familiarize yourself with the list of promising memcoins. According to the popular crypto analyst Ansem, they can bring investors almost a hundredfold profit. Which memcoins made the list At the top of the list is Dogwifhat (WIF), currently the largest meme coin on the Solana blockchain with a market capitalization of about $1.7 billion. Ansem predicts an ambitious future for it, setting the target for token capitalization at $100 billion. Following closely behind is Mogcoin (MOG), which ranks 12th among memcoins. Its market capitalization is about $460 million. Ansem sees great potential here, predicting the growth of the index to $50 billion, which is 100 times the current value. Third on the list is Cat in a Dogs World (MEW) with a current market capitalization of $450 million. Ansem has also set the target for MEW as $50 billion. Next on the list is Gigachad (GIGA) with a market capitalization of $195 million. Ansem believes it could grow more than 250 times, to $50 billion. The market value of Michi (MICHI), according to Ansem, could increase from $85.5 million to $10 billion. In sixth place is Mother Iggy (MOTHER), a coin launched by Australian rapper Iggy Azalea. It has a market capitalization of $71 million, but Ansem suggests it could grow to $5 billion. The seventh coin, Smoking Chicken Fish (SCF) also has the potential to grow its value from $44 million to $5 billion. Ansem chose not to disclose the last three coins. He explained that their microscopic capitalization makes them particularly susceptible to high market risks and volatility. Whether to wait for a memcoin supercycle Meanwhile, Murad, a well-known industry expert, predicts a future memcoin supercycle. “The memcoin supercycle is not a crazy prediction. It's simply an extrapolation of the available data to 2024. Study past cycles + Impulse + Reflexivity,” according to Murad. Despite potentially high returns, the meme coin market is full of risks. For example, out of more than 1.7 million memcoins launched on the Pump.fun platform, only 15 were able to maintain a market capitalization above $10 million for several weeks. The success rate is only 0.0001%. Alvin Kahn, COO of Bitget Wallet, discussed the volatile nature of meme coins. “Most memcoin developers create a token to capitalize on market hype for a short period of time - weeks or perhaps months. Once the initial hype subsides and investor interest wanes, the token almost disappears from radar of the broader crypto market,” Kahn explained. In such an environment, investors should be extra cautious and utilize proven risk management strategies. It's important to invest only what you are willing to lose and take a measured approach to this high-risk trading environment.
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Dogecoin Price Prediction For 2030: Market Analysis https://ift.tt/ivmJzAr In the rapidly evolving world of cryptocurrency, Dogecoin has emerged from a lighthearted meme to a significant player in the digital currency space, captivating investors and analysts alike. With its unique blend of humor and technology, Dogecoin has demonstrated resilience and adaptability, defying skeptics. As we look toward the future, the Dogecoin price prediction for 2030 becomes a focal point for both enthusiasts and skeptics, eager to understand the trajectory of this unconventional asset. The potential for Dogecoin’s price, influenced by factors such as tokenomics, blockchain technology, and market sentiment, underscores the importance of examining its future with a critical and analytical lens. This article aims to provide a comprehensive market analysis leading to a Dogecoin price prediction for 2030, touching upon the historical price movements, significant market events, and the current fundamentals that shape the asset’s value. We will explore various scenarios for Dogecoin’s future, from bullish to bearish outlooks, informed by expert opinions and investment potential. Additionally, we’ll delve into the technological developments and future roadmap of Dogecoin, considering its unlimited supply, trading volume, and price volatility which collectively contribute to its price forecast. Through this analysis, readers will gain insights into the factors that could influence Dogecoin’s price and whether this meme coin has the potential to ascend beyond its origins, posing the question: will Dogecoin go up by 2030? Historical Price Analysis of Dogecoin Dogecoin, initially introduced as a light-hearted cryptocurrency, has exhibited significant price movements over its existence, influencing both traders and market analysts. This section delves into the historical price analysis of Dogecoin, highlighting its volatility and the factors that have historically influenced its valuation. Initial Market Entry and Early Years Dogecoin made a notable entry into the market, with its price soaring by 1,061% within just 15 days of its launch, moving from $0.0002 to $0.0023. This surge was short-lived, however, as the price settled down until the next significant rise in March 2017. During this period, Dogecoin’s price increased by 1,494%, reaching a peak of $0.004. Despite these early gains, the price fell below $0.001 by the second quarter of 2017. Support and Surge in 2017-2018 November 2017 marked a turning point when Dogecoin received renewed support, leading to a price peak of $0.018 by January 2018. This was a significant recovery, considering the previous lows. Influence of Public Figures and Major Rallies The year 2021 started with a bang for Dogecoin, largely fueled by endorsements from high-profile individuals like Elon Musk. The price surged past its previous highs, recording an increase of 9,884% between January and May, peaking at $0.74—a new al...
Dogecoin Price Prediction For 2030: Market Analysis https://ift.tt/ivmJzAr In the rapidly evolving world of cryptocurrency, Dogecoin has emerged from a lighthearted meme to a significant player in the digital currency space, captivating investors and analysts alike. With its unique blend of humor and technology, Dogecoin has demonstrated resilience and adaptability, defying skeptics. As we ...
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Check out our latest article delving into the significance of the Crypto Fear and Greed Index in deciphering the dynamic shifts within the cryptocurrency market. #CryptoMarketInsights #FearAndGreedIndex #BitcoinTrends
The Role of Crypto Fear & Greed index of Bitcoin and other Cryptocurrencies
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NEAR Protocol Soars 7.3%, Is It Poised To Go Higher? https://ift.tt/IM7fleh As the crypto industry navigates the waves of this bull run, projects like NEAR Protocol (NEAR) are edging forward with new partnerships and developments. NEAR’s remarkable performance has crypto analysts considering that the toke is getting underway for a massive surge. Is NEAR Protocol A “Market Leader”? At the beginning of the week, crypto analyst World of Charts recognized a bullish flag pattern formed on NEAR’s monthly chart. According to the analyst, a successful breakout could be followed by a 60-65% bullish wave in the coming days. On Thursday, NEAR tested the $7.00 resistance level, reaching above the $7.50 mark before retracing as the day ended. NEAR breaking out of the bullish flag pattern on Thursday. Source: World of Charts Affirming his previous forecast, the analyst stated that if the token successfully holds above the breakout level, investors could expect the price to move towards $14-$15. Since then, the token has remained above the $7.00 mark, hovering between $7.3-$7.1. Another crypto analyst has been following NEAR’s performance this week similarly. According to Bluntz, the token “has been one of the strongest movers from the lows and will probably be one of the first to make fresh highs.” Moreover, he considers NEAR “one of the better performers” in the top 20 cryptocurrencies. Previously, the trader displayed a chart identifying an ABC zigzag pattern followed by a still-forming impulse wave pattern. NEAR's forming a impulse wave pattern according to the analyst. Source: Bluntz As NEAR broke out of the $7,00 resistance, the analyst reaffirmed his prediction for the token’s movements, considering it “a market leader right now.” Bluntz added that the token kept “plodding along making fresh highs while everything else has stalled out and continued accumulating.” Network Expansion And Price Surge The NEAR Protocol is a Layer-1 “user-friendly and carbon-neutral” blockchain focused on performance, security, and scalability. According to its team, the “blockchain for everyone” was built with “usability in mind.” NEAR’s total value locked (TVL) of $309 million makes it the 16th largest blockchain by this metric. Notably, the network has doubled its TVL since Q4 2023, when it sat in the 25th spot with $128 million. The protocol collaborates with other projects constantly to continue “expanding financial horizons.” Projects like NodeKit and TrueZK have recently integrated NEAR’s solution designed for Ethereum rollups, NEAR DA. Similarly, on Thursday, it announced its partnership with Colombian fintech Lulo X and Peersyst Technology “to redefine the parameters of digital finance.” These collaborations have been seemingly well-received by the NEAR community. Despite being down by 6.25% in the monthly time frame and 65% below its all-time high (ATH) of $20,44 set in January 2022, the blockchain’s token has shown a remarkable performan...
NEAR Protocol Soars 7.3%, Is It Poised To Go Higher? https://ift.tt/IM7fleh As the crypto industry navigates the waves of this bull run, projects like NEAR Protocol (NEAR) are edging forward with new partnerships and developments. NEAR’s remarkable performance has crypto analysts considering that the toke is getting underway for a massive surge. Is NEAR Protocol A “Market Leader”? At the ...
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