APE, MANA, and SAND are low-risk investments, data credits CoinEdition


Data indicates that APE, MANA, and SAND are low-risk investments
  • Altcoin prices have reset after a strong start to 2023.
  • Santiment tweeted that now is the time for investors to reallocate their portfolios.
  • APE, MANA, and SAND all saw price declines over the 24-hour period.

Prices in the cryptocurrency market have somewhat reset after a hot start to the year. This is especially true of altcoins. CoinMarketCap shows that the cryptocurrency’s market dominance has decreased by 0.19% over the past 24 hours. Currently, the market dominance (BTC) is 41.40%.

Santiment, a blockchain analytics firm, tweeted yesterday that investors may find it beneficial to reallocate their portfolios to open positions in altcoins with a lower MVRV value. Altcoins with a low MVRV indicate that traders and investors who have previously opened positions in these specific digital currencies, and continue to hold these positions open, are “under water”.

In a tweet, Santiment shared that Apecoin (APE), Decentraland (MANA), and SandBox (SAND) might be good altcoins to watch. According to the analytics firm, the MVRV for 1-year APE is +16%. Meanwhile, the one-year MVRV for MANA and SAND is -60% and -33%, respectively.

APE, MANA, and SAND are low-risk investments, and data suggestions appeared first in the coin issuance.

See the original on CoinEdition



Source link

Related Posts

Precaliga