Bullish Dogecoin Price Prediction!
2024-07-08Bittime - Santiment released a list of large-cap altcoins that may recover near-term, including Dogecoin, Uniswap, and Litecoin, based on the latest MVRV values.
Santiment Releases Altcoin Listing
Following last week's improvement, leading crypto analysis firm Santiment released a list of large-cap altcoins that may experience a short-term recovery. On social media platform.
Bullish Dogecoin Price Prediction
According to the analytics firm, top memecoin Dogecoin (DOGE) has the lowest risk of all large-cap crypto assets, with an MVRV value of -19.7% potentially bullish.
The meme token is followed by decentralized exchange Uniswap (UNI) and peer-to-peer payment network Litecoin (LTC) with MVRV values of -16.3% and -15%.
Ethereum (ETH) Is in Fourth Position
Ethereum (ETH), the most popular smart contract platform, takes fourth place with an MVRV score of -13.2%. Decentralized oracle network Chainlink (LINK) takes fifth place with an MVRV score of -11.1%, and is followed by XRP with an MVRV score of -10.1%. Ethereum rival Cardano (ADA) is in seventh place with an MVRV value of -9.9%.
Conclusion
The latest Santiment analysis suggests that some large-cap altcoins may recover in the near term after experiencing a major rally. With the lowest risk and an MVRV value of -19.7%, Dogecoin (DOGE) is the most bullish price prediction. One other altcoin that shows potential for recovery is Uniswap (UNI) and Litecoin (LTC) with MVRV values of -16.3% and -15%.
Ethereum (ETH), one of the well-known smart contract platforms, takes fourth place with an MVRV value of -13.2%, followed by Chainlink (LINK) and XRP with an MVRV value of -11.1% and -10.1%, respectively. This analysis suggests that these altcoins may experience a recovery.
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