Santiment Unveils Top Altcoin Picks as Shiba Inu (SHIB), Cardano (ADA), and XRP Poised to Make the Most Gains

Santiment, a prominent cryptocurrency and market intelligence platform, has identified Shiba Inu (SHIB), Cardano (ADA) and XRP among its top altcoin picks.

Cryptocurrency market intelligence platform Santiment has unveiled its top altcoin picks, highlighting assets poised for both substantial gains and potential losses.

Utilizing advanced technical indicators, Santiment has pinpointed its altcoin picks based on their historical performance and potential for a bullish divergence. The platform advises investors to pay close attention to these assets, particularly their respective average trading returns.

According to Santiment's analysis, if investors anticipate a significant bullish surge in the crypto market, historical trends indicate that investing in assets where traders have previously suffered the most losses could yield the highest gains during a market recovery.

In light of this, Santiment has identified ten crypto assets, including Shiba Inu, Cardano and XRP, among others, that present either high-gain opportunities or substantial risks for investors.

The platform also provides insights into the Market Value to Realized Value (MVRV) Z-Scores of these crypto assets, highlighting the importance of this data for investors to make informed investment decisions.

The MVRV Z-Score is a unique market metric used to assess the valuation of an asset compared to its historical average trading returns. A high MVRV Z-Score typically suggests that a crypto asset is significantly overvalued, while assets tagged with a low MVRV are considered undervalued.

In its top 10 altcoin picks, Santiment has identified assets that exhibit both the best and worst MVRV Z-Scores, offering investors a potential roadmap to minimize losses and maximize gains.

According to the platform, high-pain assets with lower investment risks include Uniswap (UNI), Shiba Inu, Cardano, XRP, Polygon (MATIC), and Chainlink (LINK).

On the other hand, high-gain assets that come with significantly larger investment risks include popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Toncoin (TON).

In related news, cryptocurrency analyst Michael van de Poppe has highlighted the current state of the altcoin market and its potential for a major breakout.

In a recent X post, Poppe disclosed the latest trends in the altcoin market, revealing that over the past week, the total market capitalization of altcoins has decreased by an astonishing 4%.

However, Poppe believes that the market's recent bearish correction has now concluded. He sees this market correction as a consolidation or build-up phase, setting the stage for a significant upward movement.

The crypto analyst has predicted a major bullish breakout in the altcoin market, which could see its market capitalization rise above $800 billion.

The above is the detailed content of Santiment Unveils Top Altcoin Picks as Shiba Inu (SHIB), Cardano (ADA), and XRP Poised to Make the Most Gains. For more information, please follow other related articles on the PHP Chinese website!