Altcoins Showing Signs of Life, According to Crypto Analysis Firm Santiment

  • Crypto analysis firm Santiment reports signs of life in several altcoins, indicating potential buying opportunities.
  • Projects like DODO, MASK, MAGIC, and GALA are among the altcoins highlighted by Santiment.
  • The decentralized derivatives exchange Serum’s native asset SRM tops the list.

Altcoins are showing signs of life, according to crypto analysis firm Santiment, indicating potential buying opportunities. Projects like DODO, MASK, MAGIC, and GALA are among the altcoins highlighted, with Serum’s native asset SRM topping the list.

Altcoins on Santiment’s Radar

Santiment’s list includes DODO, the native asset of the on-chain liquidity hub of the same name. Currently trading at $0.106, DODO ranks 309th by market value. As of this writing, the altcoin has seen an increase of over 4% in the last 24 hours, trading at $0.1113.

Santiment Unveils The Top 5 Altcoins Poised for a Breakout

Other Altcoins in Focus

The second altcoin on the firm’s radar is MASK, a Decentralized Autonomous Organization (DAO) and Ethereum-based altcoin. The Mask Network is a decentralized portal that allows users to access blockchain features alongside existing social networks. At the time of writing, MASK is trading at $2.62, up 0.91% in the last 24 hours.

Another altcoin highlighted by Santiment is MAGIC, the native asset of the decentralized gaming ecosystem Treasure. Currently, MAGIC is trading at $0.5094. Also on the list is GALA, the native asset of the play-to-earn gaming ecosystem of the same name. According to CoinMarketCap data, GALA is trading at $0.01599, down 0.62% in the last 24 hours.

Serum (SRM) Tops the List

At the top of Santiment’s opportunity zone list is SRM, the native asset of the decentralized derivatives exchange Serum. At the time of writing, SRM is trading at $0.036, up 4.01% in the last 24 hours. CoinMarketCap data shows SRM has risen 0.84% in the last seven days, but has lost 53.52% of its value in the last 30 days, trading 99.74% below its all-time high (ATH) of $13.72 recorded on September 11, 2021.

Conclusion

In conclusion, several altcoins are showing signs of life and may present potential buying opportunities, according to crypto analysis firm Santiment. These include DODO, MASK, MAGIC, GALA, and SRM. However, investors should always conduct their own research and consider their risk tolerance before making any investment decisions.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Europe’s First Bitcoin Reserve Company The Blockchain Group Invests €60.2M to Acquire 624 Bitcoins

The Blockchain Group, recognized as Europe’s pioneering Bitcoin reserve...

JPMorgan CEO Jamie Dimon Urges US to Stockpile Guns and Drones Over Bitcoin Reserve

At the recent Reagan National Economic Forum in California,...

Norwegian Block Exchange (NBX) Launches Bitcoin Reserve Plan, Stock Soars 138% Amid Expansion to 10 BTC

Norwegian Block Exchange (NBX) has unveiled its strategic Bitcoin...

Solana Foundation Partners with Dubai VARA to Boost Crypto Development and Talent Programs

Solana Foundation has formalized a strategic partnership with the...

Sky Token Launches 17.48% APY Stablecoin Incentives Amid $5.4M MKR Whale Staking Surge

Sky, previously known as Maker, has launched a new...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img