A leading crypto analytics firm has highlighted four different altcoins, claiming they offer lucrative entry opportunities.
centimentin a Twitter post, noted that native tokens of decentralized finance (DeFi) platforms Aave (AAVE), Compound (COMP), Maker (MKR) and Ren (REN) have recently bottomed out in terms of price.
“AAVE, COMP, MKR and REN have shown very clear price bottoms lately. And all of this was accurately estimated by how many active deposits an asset’s total address activity generated.”
According to the analytics firm, the ratio of the bottom indicator is your active deposit (NAME) daily active address It is obtained by dividing (AD/DAD) by the number (DAD). Low rate up indicates high rate downtrend.
AAVE Santiment said that it is in an upward trend in the DeFi platform due to the low AD/DAD ratio.
“We can say that low values of the AD/DAD ratio indicate good buying opportunities.”
Santiment is another coin that draws attention. compound; The firm said it was optimistic about COMP, based on the AD/DAD ratio.
“Compound’s AD/DAD dropped to an all-time low a few days ago. Good sign.”
In the continuation of the analysis, it is possible to move digital assets between different blockchains. color The native token of the protocol was included. The analytics firm says the REN experienced a “bottom jump” last month, potentially providing an ideal spot.
makerAs for ‘s native token, Santiment says MKR’s rally could be relatively weak.
“AD/DAD fell at the end of January. Although it is not as strong as other tokens, we can still say that it can rise more.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.