85% Of Altcoins In “Opportunity Zone,” Santiment Reveals
The on-chain analytics firm Santiment has unveiled an interesting insight into the altcoin market, revealing that more than 85% of all altcoins in the sector are currently in the historical “opportunity zone.” Santiment analyzed the altcoin market using their MVRV ratio model, which compares the market cap of Bitcoin against its realized cap. The MVRV ratio is a measure of the total amount of capital investors have put into an asset compared to the value holders are carrying. Based on this model, Santiment defines an “opportunity” and “danger” zone for altcoins. Currently, a large portion of the market is in the opportunity zone, indicating that now may be a good time for altcoin shopping. Ethereum, the largest altcoin, has also seen a 3% surge in price over the past week. As always, investors are urged to conduct their own research and exercise caution when making investment decisions.