Santiment: “These Three Altcoins Are in the Opportunity Zone!”

exceeding $25,000 in February bitcoinWhile eyes seek higher levels in BTC It fell below $20,000.

While Bitcoin was falling, there was a correction of up to 10% in general in altcoins.

bitcoin And altcoinThe popular crypto analysis platform Santiment, which examines these drops in the coin, stated that these drops are also buying signals for several altcoins.

Santiment, listing altcoins, said in its statement:

“Crypto is a bloodbath, but if you’re waiting for the right time to buy altcoins, our MVRV chart shows that for some altcoins, it’s time.

Prices could of course fall further, but this is the highest level for cryptocurrencies in opportunity zones since early January.”

Speaking after Santiment’s post Brian Quinlivan, director of marketing at Santimentgave detailed information about the MVRV chart.

Defending that decentralized altcoin dYdX (DYDX), Hashflow (HFT) and Mask Network (MASK) are in the opportunity zone, Quinlivan said that these altcoins are giving a buy signal.

“Our MVRV model is evident, showing the combined short-, medium- and long-term average trading returns for various cryptocurrencies.

You can see that almost every one of them is in the opportunity zone right now, as short, medium and long-term traders are all bearish.

We have an algorithm that shows how close it is to the opportunity zone on our MVRV chart.

And according to this algorithm, several altcoins give buy signals.

If we look at the first three, I see that dYdX is the first, Hashflow is the second, and MASK is the third.”

Santiment official Quinlivan stated that it would be a logical and justifiable move to open a new position or add to an existing position when a crypto currency comes to an opportunity zone.