JAKARTA - Fans of alternative crypto assets other than Bitcoin or commonly called altcoins, seem to have reason to get excited again. Because the latest data from leading market intelligence firm Santiment shows the potential to enter the "main purchase" phase or prime buying for this alternative crypto asset.
According to Santiment, more than 85% of the altcoins they are currently tracking are currently in a zone that has historically been considered a "buying opportunity." This condition certainly attracts investors, especially with potential significant profits in the altcoin sector.
As reported by Bitcoinist, this assessment is based on the Market Value to Realized Value (MVRV) ratio, which measures the profitability of assets owned over a period of one month, three months, and six months. The data shows that regardless of the recent market volatility, the potential for significant bullish rally in the altcoin sector is still high.
The view of Santiment's analysis of the recovery of the crypto market coincides with other factors that trigger crypto bullish events, namely the impact of the latest Bitcoin halling events. This historic Haling Bitcoin is often followed by a positive impact on the crypto market as a whole.
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Santiment's analysis points to large losses realized in most altcoins. This condition usually precedes recovery as markets stabilize and bounce back. This cycle of decline followed by strong recovery offers the right investment moments for strategic buyers.
"It may be natural to buy when the fear begins to fade from the crowd after all the declines in market capitalization," wrote Santiment's statement.
On the other hand, crypto traders and analysts on social media platform X named Nagato actually recommend being more patient for those investing in altcoins. This shows that the current market consolidation phase can soon lead to significant upward movements.
Crypto analyst Moustache also shared this perspective, noting the similarities between current market conditions and the conditions before the last major altcoin season nearly four years ago.
However, market observers suggest that investors, especially novice investors, do thorough research and understand the risks before entering the crypto world, including investment in altcoins.
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