Cryptocurrency analysts have identified 5 tokens that have a chance to grow significantly

Editor’s note: not financial advice!

Santiment analysts said that the altcoin market is showing signs of recovery and pointed to tokens worth watching. According to experts, five cryptocurrencies of well-known blockchain projects have a chance to grow significantly. However, this is still not enough to compensate for the price drop in the last few months.

Santiment is convinced that the tokens of DODO (DODO), Gala Games (GALA), Magic (MAGIC), Mask Network (MASK), and Serum (SRM) have every chance of success in the coming months. «This week, altcoins showed some moderate signs of further growth, but this is not yet enough to compensate for the large losses traders have accumulated since June. At the same time, we see historic growth opportunities for some altcoins ,» Santiment said.

🫣 #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

The CoinShares report showed that Solana has become the most favorite altcoin among investors. Since the beginning of the year, the inflow into the investment products of this cryptocurrency amounted to $ 26 million. However, Ripple gained the status of the best-selling altcoin in 2023, thanks to its victory over the US Securities and Exchange Commission (SEC). XRP’s closest competitors were SOL, DOGE, BNB, and MATIC.

As for bitcoin, a well-known crypto blogger Lark Davis announced a possible increase in the bitcoin rate to $ 180,000 on his profile on the X platform. Davis noted that the period of coin accumulation before the BTC halving «has historically been the best time to build positions.» According to market analytics platform IntoTheBlock, large Bitcoin holders have accumulated large amounts of the largest digital asset by market capitalization since mid-August. In just two weeks, investors added more than $ 1.5 billion to BTC.