{"id":8798,"date":"2022-02-23T23:22:22","date_gmt":"2022-02-23T23:22:22","guid":{"rendered":"http:\/\/egrowonline.com\/?p=8798"},"modified":"2022-02-23T23:22:22","modified_gmt":"2022-02-23T23:22:22","slug":"cardano-and-three-additional-altcoins-flashing-oversold-signals-according-to-crypto-analytics-firm","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=8798","title":{"rendered":"Cardano and Three Additional Altcoins Flashing Oversold Signals, According to Crypto Analytics Firm"},"content":{"rendered":"


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A leading crypto analytics firm says that the most recent crypto market downturn has put four altcoins in an ideal price range for investors.<\/p>\n

According to Santiment, Cardano (ADA), Polygon (MATIC), Crypto.com Coin (CRO) and Chainlink (LINK) are all in the \u201cstrong and oversold\u201d territory.<\/p>\n

The market intelligence firm says<\/a>,<\/p>\n

\u201cAs assets have mostly ranged on Tuesday, altcoins like ADA, MATIC, CRO and LINK look particularly oversold according to our screener.<\/em><\/p>\n

We account for high market caps, transaction volume, and active addresses, combined with low returns on networks.\u201d<\/em><\/p>\n

\"Image\"Source: SantimentFeed\/Twitter<\/a><\/figure>\n

Santiment follows up<\/a> by explaining which criteria help determine if an asset\u2019s price is ready to turn around.<\/p>\n

\u201cAs stated above, high market caps, transaction volume, and active addresses, combined with low returns on networks make up a particularly good way of gauging a token\u2019s turn-around point.<\/em><\/p>\n

Assets on this list meet the criteria for historically increased likelihood of bottoms.\u201d<\/em><\/p>\n

All four crypto assets Santiment mentions are rallying after Tuesday\u2019s market-wide dip.<\/p>\n

Smart contract platform Cardano<\/a> is up nearly 6% to $0.94 while layer-2 scaling solution Polygon<\/a> is surging, up 8.89% to $1.56.<\/p>\n

Singapore-based cryptocurrency exchange platform Crypto.com Coin<\/a> is also up 6.1% to $0.41 and decentralized oracle network Chainlink<\/a> is in the green, trading for $14.44, a 5% increase.<\/p>\n

The analytics firm also notes<\/a> that stablecoin use is dwindling, which it believes could be a sign of upcoming capitulation.<\/p>\n

\u201cDuring this 3+ month crypto slide, we have seen stablecoins utilized less and less often.<\/em><\/p>\n

Unlike traditional cryptocurrencies, the declining use of USDT [Tether], DAI [DAI], and others is a sign that the crowd has had enough pain.\u201d<\/em><\/p>\n

\"Image\"Source: SantimentFeed\/Twitter<\/a><\/figure>\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\/Quardia\/Mingirov Yuriy\/Sensvector<\/em><\/span><\/p>\n<\/div>\n


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

A leading crypto analytics firm says that the most recent crypto market downturn has put four altcoins in an ideal price range for investors. According to Santiment, Cardano (ADA), Polygon (MATIC), Crypto.com Coin (CRO) and Chainlink (LINK) are all in the \u201cstrong and oversold\u201d territory. The market intelligence firm says, \u201cAs assets have mostly ranged […]<\/p>\n","protected":false},"author":1,"featured_media":6772,"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":[2014,200,1890,266,62,1585,2543,2965,2102],"class_list":["post-8798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-additional","tag-altcoins","tag-analytics","tag-cardano","tag-crypto","tag-firm","tag-flashing","tag-oversold","tag-signals"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/cardano-bg.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8798","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=8798"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8798\/revisions"}],"predecessor-version":[{"id":8799,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8798\/revisions\/8799"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/6772"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8798"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}