- Altcoins display subtle revival hints but haven’t compensated for significant trader setbacks since June.
- Santiment pinpoints five altcoins, including $DODO, $GALA, $MAGIC, $MASK, and $SRM, as historically undervalued with high growth potential.
In a recent tweet, the renowned crypto analytics firm Santiment (@santimentfeed) mentioned,
🫣 #Altcoins have shown some mild signs of life thus far this week, but certainly not enough to make up for big trader losses that have accumulated since June. With that said, many are seeing historic opportunities to rise, such as $DODO, $GALA, $MAGIC, $MASK, and $SRM. pic.twitter.com/pXw43vCRmt
— Santiment (@santimentfeed) September 6, 2023
DODO, representing the on-chain liquidity hub, currently trades at $0.106. The crypto asset, ranked 309th by market capitalization, has seen a decrease of over 4% within the last day.
The next spotlighted asset by Santiment is MASK, stemming from the Mask decentralized autonomous organization (DAO) built on the Ethereum (ETH) platform. Acting as a decentralized gateway, the Mask Network offers users a bridge to blockchain functionalities over established social networks. With a market rank of 146, MASK’s trading price stands at $2.59, experiencing a marginal drop of 0.19% in a day.
MAGIC: Decentralized Gaming Ecosystem’s Currency
MAGIC, the native digital currency for the decentralized gaming realm named Treasure, has its trading figure set at $0.501. Ranking 206th in terms of market cap, this asset’s value has dipped nearly 2% in the last 24 hours.
GALA: Play-to-Earn Gaming Ecosystem’s Token
GALA comes in next as the inherent token for its play-to-earn gaming ecosystem. Holding the 86th position by market capitalization, it’s currently priced around $0.0158, reflecting a close to 2% decline in the past day.
SRM: Decentralized Derivatives Exchange’s Token
Topping Santiment’s opportunity chart, SRM, the native token for the decentralized derivatives platform Serum, is trading at about $0.0335. As the 801st ranked crypto asset based on market cap, it has decreased more than 3% in the last 24 hours.
