Santiment Announces List of Low-Risk Cryptocurrencies for Bargain Buying｜DOGE, UNI, and More

Santiment has unveiled a list of altcoins with low risk for bargain buying, highlighting DOGE, UNI, and LTC as top picks. By focusing on cryptocurrencies with favorable Market Value to Realized Value (MVRV) ratios, investors can make informed decisions to minimize risk.

Additionally, insights from other analysts and future Bitcoin price predictions offer a comprehensive view of the market landscape.

Dive into our detailed analysis to stay ahead in the ever-evolving world of cryptocurrency investing.

Introduction to Santiment’s Low-Risk Cryptocurrency List

On July 6, 2024, Santiment, a leading cryptocurrency data analysis company, released a list of altcoins considered to have low risk for bargain buying.

This list focuses on cryptocurrencies with a low Market Value to Realized Value (MVRV) ratio, indicating reduced risk for short-term positions.

The MVRV ratio is a key metric used to determine whether a specific cryptocurrency is overvalued or undervalued. The ratio is calculated by dividing the realized value by the market value (MVRV = Realized Value ÷ Market Value).

A lower MVRV ratio suggests lower risk when taking short-term positions.

Santiment’s list includes nine cryptocurrencies, with DOGE, UNI, and LTC noted as particularly low-risk for bargain buying. The MVRV scores for these cryptocurrencies are as follows.

【Cryptocurrency MVRV Scores】

• DOGE: -19.7%

• UNI: -16.3%

• LTC: -15.0%

• ETH: -13.2%

• LINK: -11.1%

• XRP: -10.1%

• ADA: -9.9%

• BTC: -9.6%

• TON: +4.0%

Additional Opinions on Altcoin Price Increases

Other analysts also foresee potential price increases for altcoins. CryptoQuant, another cryptocurrency analysis firm, reported on June 21, 2024, that on-chain metrics for Ethereum (ETH) suggest a possible rise in altcoin prices.

There are varying opinions on Bitcoin’s future price. While some predict it might fall below $50,000, Binance CEO Richard Teng offers a bullish outlook, forecasting BTC prices to exceed $80,000 by the end of 2024.

Santiment’s list offers valuable insights for investors looking to minimize risk while taking advantage of bargain buying opportunities in the cryptocurrency market. Keeping an eye on MVRV ratios and expert predictions can help make informed investment decisions.

>> Click here to read the article on price projections