The post Here are the ‘High-Risk’ Altcoins That May Attract Huge Profits in August—Do You Own Some? appeared first on Coinpedia Fintech News
The uncertainty over the crypto markets has been swelling as the prices of the top tokens have come within a menace range. Bitcoin and Ethereum, which were among the safest tokens to invest in, have now come under the radar as traders’ interest in the tokens has risen magnificently. Mainly after the launch of the spot BTC & ETH ETF, institutional interest in crypto has risen to a large extent. This may raise concerns about the next price action as the possibility of trapping the traders becomes more viable.
The MVRV ratio, which is simply the comparison of the token’s market capitalization to its realised capitalization, determines the risk of investing in it. The outcome determines whether the token is overvalued or undervalued. As per the data from Santiment, popular tokens like Bitcoin, Ethereum, Toncoin, & Dogecoin are currently high-profit assets with high levels of risk.
The MVRV ratio of these tokens has surged above the average range, with Toncoin marking the highest deviation. Besides, the other altcoins like XRP, ADA, LINK, MATIC, SHIB, & UNI are the tokens with the least risk but with low profit, causing more pain to the traders. If the markets are believed to surge in the coming days, then these tokens may display splendid movements as the trader’s attention to them has faded.
Hence, Santiment lists predict that altcoins that are ‘losing’ at the moment with very low-risk rates could have a greater probability of netting high returns. All the tokens listed as ‘low-risk’ are consolidating below the average range and waiting for a strong bullish intervention. Therefore, it is believed that once the Bitcoin (BTC) price rises and secures levels above the current ATH at $73,750, these altcoins are expected to rise above the bearish influence and demonstrate a strong ascending trend.