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- 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.
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.
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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.
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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.
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