Top 6 Altcoins That Could Take Off, According to Analyst Firm

On Friday, as digital asset markets experienced an uptick, crypto analytics firm Santiment highlighted altcoins with potential bullish prospects.

The analytics platform evaluates assets using the market value-to-realized-value (MVRV) Z-score, which helps determine if assets are undervalued or overvalued. A low MVRV Z-score suggests an asset is undervalued, whereas a high score indicates it is overvalued.

📊 As crypto markets are showing serious bounce action on a bullish Friday, keep in mind where various assets stand in terms of average trading returns.

If you believe markets are about to surge, history says that buying into assets that traders have experienced the most pain in… pic.twitter.com/ReNHwEWb84

— Santiment (@santimentfeed) July 26, 2024

The realized value measures the price of each asset based on its last movement, aiming to understand how many holders are in profit or loss. Santiment explains that assets causing the most pain to traders historically offer greater potential returns when markets rebound.

According to Santiment, currently undervalued assets with low MVRV Z-scores include Uniswap (UNI), Shiba Inu (SHIB), Polygon (MATIC), Chainlink (LINK), Cardano (ADA), and XRP.

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On the flip side, assets deemed riskier due to high potential gains include Toncoin (TON), Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.