Leading cryptocurrency analysis company Santiment mentioned interesting data about some altcoins in its latest report.
In their analysis, Santiment analysts argued that Gala (GALA), Apecoin (APE), MAGIC and Serum (SRM) tokens are in the oversold zone with largely negative trader earnings, and this situation will eventually need to be corrected.
According to the charts provided by analysts, the leading altcoins experiencing the opposite of this situation are Bluzelle (BLZ), Loom Network (LOOM), Maker DAO (MKR), Merit Circle (MC) and StormX (STMX).
Santiment analysts also made statements about the bottom levels in terms of transaction volume in the Bitcoin market:
“Bitcoin is seeing its lowest level of trading volume (in terms of dollar value) since March 2019. “Unsurprisingly, this decline coincided with the decline from the peak of BTC supply on exchanges approximately 3 years ago.”
Analysts of the same company had recently mentioned altcoins with high whale activity, and we, as Bitcoinsistemi.com, conveyed this to you.
*This is not investment advice.