Santiment Identifies Five Altcoins Poised for Potential Gains;
Cryptocurrency analytics firm Santiment has identified five altcoins that may be on the verge of significant price increases. These under-the-radar digital assets are currently presenting promising opportunities, according to Santiment.
The first altcoin in focus is DODO, the native token of the on-chain liquidity hub with the same name. As of the time of writing, DODO is trading at $0.106. Despite being ranked 309th by market capitalization, it has experienced a minor decrease of over 4% in the past 24 hours. Santiment sees potential in DODO, despite its recent dip.
Santiment also draws attention to MASK, the governance token of the Mask decentralized autonomous organization (DAO) built on the Ethereum (ETH) blockchain. MASK is currently trading at $2.59 and holds the 146th spot by market cap. While it experienced a slight 0.19% drop in the past day, Santiment believes it may offer attractive prospects due to its connection to decentralized social networks.
The third altcoin on the list is the native currency of the Treasure decentralized gaming ecosystem, MAGIC. MAGIC is presently valued at $0.501 and ranks 206th in market capitalization. Despite a recent 2% decline in the last 24 hours, Santiment is optimistic about its potential in the crypto market.
GALA, the native token of the play-to-earn gaming ecosystem bearing the same name, takes the fourth spot. It is currently trading around $0.0158 and holds the 86th position by market cap. Although it has faced a 2% drop in the past day, Santiment believes GALA may be worth watching closely.
Topping Santiment’s opportunity zone chart is the native token of the decentralized derivatives exchange, Serum (SRM). Despite its rank at 801st by market capitalization, SRM is trading at approximately $0.0335 at the time of writing, with a decline of more than 3% in the past 24 hours. Santiment suggests that Serum may offer a significant opportunity for investors.
While these altcoins come with their levels of risk, Santiment’s analysis highlights the potential for substantial gains in these under-the-radar assets. As the cryptocurrency market remains highly volatile, investors should exercise caution and conduct thorough research before making investment decisions.
