The cryptocurrency market has been experiencing a significant downturn since August 17th, affecting various altcoins. While some experts believe that the market is oversaturated and undervalued, others see this as an opportunity for savvy investors to make strategic entries. Recent tweets from Santiment and Crypto Tony shed light on the current state of altcoins and what the future might hold.
Market Bleeding Stabilizes, But Recovery Elusive
According to Santiment, a leading analytics platform for cryptocurrency data, altcoins have at least “settled down on their bleeding.” This suggests that while the market is still far from bullish, the rapid declines witnessed in the past weeks have stabilized. However, the recovery attempts for most assets have been lackluster, indicating that the market is still in a precarious position.
Santiment’s model points out that among the altcoins, AUCTION, LINA, and SRM have become “particularly undervalued.” These could be the tokens to watch for investors looking to capitalize on the current market conditions. However, conducting thorough research and due diligence is essential before making any investment decisions.
Crypto Tony, a well-known figure in the crypto community, takes a slightly different stance. He believes that many altcoins are reaching their all-time lows and will continue to do so in the coming months. According to him, this could be the ideal time for investors to make their entries.
Trade on US-Banned Exchanges With No KYC 🤫
Tired of missing hot new listings because your favorite exchange is banned in the US? 🇺🇸
With RocketXchange you can finally trade on Kucoin, ByBit and more without registration or KYC! 🙌
Simply connect your wallet to access every coin. No VPN needed.
Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.
Take your trading to the next level with:
- Instant access to banned CEXs 🚫
- No KYC required 🙅♂️
- Trade on your terms – no registration required
- Maintain full custody – tokens stay in your wallet
- Access liquidity across leading DEXs and CEXs
- Bridge assets quickly between any blockchain
Escape CEX limits today with RocketXchange!
Show more +Trading on Classic Range Deviations
Crypto Tony suggests investors look for “classic range deviations to trade upon reclaims.” In simpler terms, this means buying low and selling high, a fundamental trading principle. Investors could potentially generate significant returns by carefully observing the market trends and acting upon these deviations.
While the market remains uncertain, both Santiment and Crypto Tony offer valuable insights for investors. Whether you’re looking to invest in undervalued assets or waiting for the perfect entry point, the key is to be cautious and strategic.
Join us on Twitter and Facebook for the latest insights and discussions in the world of crypto.
Explore our news section and stay ahead of the curve with our expert price predictions.
CaptainAltcoin’s writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
https://captainaltcoin.com/altcoin-carnage-stabilizes-but-is-the-bottom-in-sight/
