Data Shows Now Might Be Prime Time to Buy Altcoins: Here’s Why
- Santiment argued now may be a good time to buy altcoins before the bull run.
- It observed that over 85% of monitored assets are in a historically buying opportunity zone.
- This observation draws from the MVRV of wallets’ combined returns over one-month, three-month, and six-month periods.
Prominent market intelligence firm Santiment has suggested that now may still be an opportune moment to buy altcoins before the bull rally that typically follows a Bitcoin halving. Santiment called attention to this view in a recent post on X after examining the mid-term gains and losses realized for most altcoins.
Specifically, the intelligence platform noted that average wallets’ mid-term gains and losses indicate heavy realized losses across most altcoins. It observed that over 85% of the assets it monitors are in a historically buying opportunity zone.
Santiment noted that this observation is particularly true when evaluating the market value to realized value (MVRV) of wallets’ combined returns over one-month, three-month, and six-month periods. As a result, Santiment suggested that it could be justifiable to consider buying, especially as growing fear permeates th…
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