A leading cryptocurrency analysis firm mentioned four altcoins that it says offer lucrative entry opportunities.
Santiment reported on February 16 that the native tokens of decentralized finance (DeFi) platforms Aave (AAVE), Compound (COMP), Maker (MKR) and Ren (REN) have recently bottomed out. says he did.
“AAVE, COMP, MKR and REN have shown very clear price bottoms recently. And all of this was accurately estimated by how many active deposits make up an asset’s total address activity.”
According to the analytics firm, the bottom indicator ratio is the active deposit (AD) divided by the daily active address (DAD) – AD/DAD. A low rate indicates an uptrend, while a high rate indicates a downtrend. Starting with
AAVE, Santiment says it has a bullish trend on the DeFi platform due to the low AD/DAD ratio.
“We can say that low values of AD/DAD ratio indicate good buying opportunities.”
Santiment says he’s optimistic about COMP relative to the AD/DAD ratio.
“Compound’s AD/DAD dropped to an all-time low a few days ago. Good sign.”
Next is the REN, which enables the movement of digital assets between different blockchains. The analytics firm says the REN experienced a “bottom jump” last month, potentially providing an ideal spot.
When it comes to Maker’s native token, Santiment noted that MKR’s rally could be relatively weak.
“AD/DAD fell in late January. Although it is not as strong as other tokens, we can still say that it can rise more.”
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