Santiment Lists 7 Altcoins That Are In A ‘Historically Good Buy Zone’
A leading crypto analytics firm, Santiment, is looking into altcoins, and notes that seven of them are severely oversold at the moment.
According to the analytics company, Fantom (FTM), Curve DAO Token (CRV), 1inch (1INCH), Enjin (ENJ), Chiliz (CHZ), Loopring (LRC) and Skale (SKL) are in what they call a “historically good buy zone.”
However, Santiment points out that majority of altcoins could see further downside.
“As crypto prices continue their volatile patterns, altcoins have shown decidedly different paths and results based on average trader returns. Using multiple timeframes on results, we’re seeing the vast majority of altcoins as oversold, though some further downside is very possible.”
As #crypto prices continue their volatile patterns, #altcoins have shown decidedly different paths & results based on average trader returns. Using multiple timeframes on results, we're seeing the vast majority of #alts as oversold, though some further downside is very possible. pic.twitter.com/wMR5yzVs3k
Fantom (FTM), Loopring (LPC), Chiliz (CHZ) and Enjin Coin (ENJ) have all lost approximately 60%-80% from their all-time highs.
1inch (1INCH), Skale (SKL) and Curve DAO Token (CRV) are down between 84% and 96% from their record highs.
Santiment also notes that after the crypto market recovery that brought Bitcoin above $39.2K, there are four “notable gainers:” Monero (XMR), Zcash (ZEC), Aweave (AR) and Toncoin (TON).
“Crypto prices are moving the right direction again over the past 24 hours. Bitcoin has risen modestly to above $39.2k once again, and Ethereum is back above $2,600. Notable gainers are ZEC (+16%), TON (+13%), AR (+10%) and XMR (+9%).”
