{"id":6604,"date":"2022-02-01T11:47:44","date_gmt":"2022-02-01T11:47:44","guid":{"rendered":"http:\/\/egrowonline.com\/?p=6604"},"modified":"2022-02-01T11:47:44","modified_gmt":"2022-02-01T11:47:44","slug":"xrp-uniswap-uni-the-graph-grt-and-three-more-altcoins-approaching-opportunity-zones-santiment","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=6604","title":{"rendered":"XRP, Uniswap (UNI), the Graph (GRT) and Three More Altcoins Approaching \u2018Opportunity Zones\u2019: Santiment"},"content":{"rendered":"


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Analytics firm Santiment is highlighting possible entry points for half a dozen altcoins amid a general downtrend which has given the crypto markets an extended pullback throughout January.<\/p>\n

In its weekly Insights newsletter, Santiment says that while most crypto investors are feeling pain, opportunities exist for those with patience and some handy cash.<\/p>\n

The data firm says that the market value to realized value (MVRV) metric, which reveals the average profit\/loss for coins in circulation, is helpful when hunting for crypto bargains.<\/p>\n

\u201cMVRV is a great metric to gauge how deep traders are into pain or euphoria zones. <\/em><\/p>\n

We commonly like to look at an asset\u2019s 30-day MVRV, specifically, because it reveals what weekly swing traders can likely take advantage of, as far as mid-term trading goes\u2026 <\/em>Blending in how much pain short-term, mid-term, and long-term traders are experiencing all together, can paint an even clearer picture.\u201d<\/em><\/p>\n

Looking at the MVRV metric, Santiment names six altcoins that can potentially bounce as traders feel pain.<\/p>\n

One crypto asset on the list is open-source digital currency XRP<\/a>, which the insights firm says is primed for a rally after a strong move down.<\/p>\n

\u201cThe polarizing project is at its most negative average MVRV level since late June. It was last in positive territory in mid-December, making it a solid candidate to have a price upswing to bring traders some relief.\u201d<\/em><\/p>\n

\"Image\"
Source: Santiment<\/figcaption><\/figure>\n

When it comes to decentralized exchange Uniswap<\/a> (UNI), the crypto insights firm says,<\/p>\n

\u201cUniswap\u2019s average MVRV is at all-time negative MVRV levels.<\/em><\/p>\n

An uptick in the general crypto markets may go very well for a mostly respected altcoin like UNI.\u201d<\/em><\/p>\n

\"Image\"
Source: Santiment<\/figcaption><\/figure>\n

Decentralized blockchain indexer The Graph<\/a> (GRT) is also at MVRV lows, with Santiment noting,<\/p>\n

\u201cIts average MVRV was last positive in late November.\u201d<\/em><\/p>\n

\"Image\"
Source: Santiment<\/figcaption><\/figure>\n

Looking at decentralized crypto lending and borrowing protocol Compound<\/a> (COMP), Santiment says,<\/p>\n

\u201cCompound is also at its most negative average MVRV level since late June.\u201d<\/em><\/p>\n

\"Image\"
Source: Santiment<\/figcaption><\/figure>\n

As for layer-2 ZK (zero-knowledge) rollup protocol Loopring<\/a> (LRC), the analytics firm says LRC still has some upside potential.<\/p>\n

\u201cLoopring has already been in the midst of a nice-sized bounce compared to the rest of the altcoin pack over the past week, [but it] is still in a nice, deep negative average MVRV spot.\u201d<\/em><\/p>\n

\"Image\"
Source: Santiment<\/figcaption><\/figure>\n

Last on the list is lending and borrowing protocol Aave<\/a> (AAVE), which also hasn\u2019t seen much positive price action in more than two months.<\/p>\n

\u201cAAVE is sitting at near all-time negative levels, which is great to see if you\u2019re considering buying.\u201d<\/em><\/p>\n

\"Image\"
Source: Santiment<\/figcaption><\/figure>\n

You can read the full report here<\/a>.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/ioat<\/span><\/em><\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Analytics firm Santiment is highlighting possible entry points for half a dozen altcoins amid a general downtrend which has given the crypto markets an extended pullback throughout January. In its weekly Insights newsletter, Santiment says that while most crypto investors are feeling pain, opportunities exist for those with patience and some handy cash. The data […]<\/p>\n","protected":false},"author":1,"featured_media":6605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[200,4498,2667,4497,99,1586,4496,2530,58,4499],"class_list":["post-6604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-approaching","tag-graph","tag-grt","tag-opportunity","tag-santiment","tag-uni","tag-uniswap","tag-xrp","tag-zones"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/xrp-grt-uni-opportunity.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/6604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6604"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/6604\/revisions"}],"predecessor-version":[{"id":6606,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/6604\/revisions\/6606"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/6605"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6604"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}