Here are the ‘High-Risk’ Altcoins That May Attract Huge Profits in August—Do You Own Some?
Release: 2024/07/26 17:16 Reading: 968
High-Risk Altcoins with Potential for High Returns in August
The cryptocurrency market remains uncertain, with prices of major tokens fluctuating within a narrow range. However, certain altcoins are currently showing high-risk but potentially high-profit potential.
High-Risk, High-Reward Altcoins
According to data from Santiment, the following altcoins exhibit high risk levels but also elevated profit potential:
- Bitcoin (BTC)
- Ethereum (ETH)
- Toncoin
- Dogecoin
These tokens have MVRV ratios above the average, indicating potential overvaluation. However, it's important to note that Toncoin has the most significant deviation.
Low-Risk, Low-Reward Altcoins
On the other hand, several altcoins are considered low-risk but also have low-profit potential:
- XRP
- ADA
- LINK
- MATIC
- SHIB
- UNI
These tokens have MVRV ratios below the average, suggesting potential undervaluation.
Trading Strategy
Santiment predicts that low-risk altcoins could experience a surge if the overall market improves. Currently, these tokens are consolidating below the average range and awaiting bullish momentum.
Once Bitcoin (BTC) breaks above its current all-time high of $73,750, these altcoins are expected to emerge from their bearish trend and initiate a strong uptrend.
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