The leading cryptocurrency that spent the weekend overall over $27,000 bitcoin, The day started with a low.
dangling below $27,000 BTC At the time of writing, it is trading at $26,797.
Bitcoin drop altcoinIt was also reflected in the coin and there was a pullback in altcoins in general.
BTC And altcoinpopular while retreats are taking place in the cryptocurrency platform centiment In his post, he said that some altcoins are potentially under their value.
In this context, Stating that these altcoins have a market capitalization above the realized capitalization, Santiment stated that this indicates the growth potential.
Combining short-term, medium-term and long-term capitalizations, Santiment argued that these altcoins could be ready for a significant recovery in the coming summer.
These altcoins Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC), Shiba Inu (SHIB), UniSwap (UNI), and Chainlink (LINK) said that.
“A few of the biggest altcoins are undervaluing while combining short-, medium- and long-term capitalizations.
These altcoins appear as XRP, ADA, DOGE, MATIC, SHIB, UNI and Link.
The market values of these altcoins need to be above the realized values. This indicates that these altcoins may rally this summer.”
📊 Several of the largest #altcoins show undervaluation when combining short, mid, and long term realized capitalizations. Market caps are above realized caps for $XRP, $ADA, $DOGE, $MATIC, $SHIB, $UNI& $LINK, hinting many may make up ground this summer. https://t.co/3wLIFZ8B90 pic.twitter.com/WMzy4imOO9
— Santiment (@santimentfeed) June 4, 2023
*Not investment advice.
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