354
141 shares, 354 points

Crypto analytics company Santiment has predicted two altcoins with bullish fundamentals in the flat crypto market, according to their analysis. Data from Santiment shows that popular altcoin projects SHIB and Cardano are giving investors buying opportunities. Details at Kriptokoin.com .

Two altcoins brought to the attention of investors

Santiment, two popular altcoins SHIB and ADA according to analysis data gives positive signals for The company announced that these two coins tend to offer significant deals based on trading and yield data. Undoubtedly, there are some metrics that form the basis of this announcement. The MVRV metric comes first among the metrics used by Santiment. On-chain analytics firm Santiment reported that buy signals are burning in popular meme tokens Shiba Inu and Cardano following the measurements. The MVRV metric that Santiment uses is based on an analysis of the psychological state surrounding cryptocurrencies at any given moment. Metrics with categories such as -50%, +50% and neutral can indicate areas of opportunity and danger zones.

Shiba Inu, which took off by storm in the second half of 2021, seems to have been stuck in a limited trading range lately. We know that experienced and large crypto traders often choose periods when coins are correcting or consolidating to invest. Recently, analysis company data that monitors whales’ movements reveals that some whales are currently receiving significant amounts of Shiba Inu tokens. Data from company-dollarserine analyzes such as WhaleAlert and IntotheBlock support the bullish trend scenario for SHIB.

The other altcoin Cardano pointed out by Santiment saw ATH ($3.16) in September 2021. The effect of Alonzo hard fork on reaching this value is undeniable. But since then, ADA has seen declines. Although this decline process is interpreted by many analysts as the dominance of bears, according to the data of some analysis companies, especially IntoTheBlock, the bulls seem to be victorious in the struggle for dominance.


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