5 Cryptocurrencies Poised for Explosive Growth, According to an Analyst

The cryptocurrency analysis platform Santiment has released a list of five cryptocurrencies that are in the “opportunity zone”. According to the analysts, these altcoins have the potential for appreciation based on the market value to realized value (MVRV) model. This metric helps identify assets that are “oversold”, meaning the price of the asset has dropped sharply and quickly. Some investors see this as a buying opportunity, believing that the asset is undervalued and can recover. Santiment has developed an MVRV model to detect altcoins in opportunity and danger zones. The model compares the MVRV values for 7-day, 30-day, 6-month, and 1-year timeframes for each individual asset.

Cryptocurrencies in the ‘opportunity zone’

The cryptocurrencies with the best opportunities for growth are Dodo (DODO), Gala (GALA), Magic (MAGIC), Mask Network (MASK), and Serum (SRM). These altcoins are currently at 85%, 85%, 95%, 88%, and 107% respectively, which are all close to the green opportunity zone line at 100% on the chart. This indicates that these altcoins have a high probability of rising this week. It is worth noting that GALA executives are currently facing litigation, specifically a dispute among the founders. According to a lawsuit filed on August 31, the founders are in conflict over the theft of $130 million worth of cryptocurrencies. The theft involves Eric Schiermeyer and Wright Thurston, co-founders of Gala. The District Court of Utah in the United States discusses the theft of $130 million worth of GALA tokens, or about R$640 million. In the past 24 hours, the price of GALA has decreased by 2.2% to the current price of $0.015. Meanwhile, Dodo (DODO) has remained stable and is trading at $0.10. The MAGIC token has dropped by about 2% to $0.050. Mask Network (MASK) and Serum (SRM) have depreciated by 1% and 0.3% respectively. MASK is currently priced at $2.57 and SRM at $0.034, according to CoinGecko data.

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