While Bitcoin (BTC) continues to consolidate at the $26,000 level, altcoins are slowly starting to show signs of recovery.
At this point, the popular platform Santiment also stated that the altcoin market Bitcoin showed signs of recovery after losing its upward momentum in August.
Stating that altcoins showed some signs of recovery this week, Santiment pointed out that most altcoin investors have been in losses since June, and “these signs of recovery were definitely not enough to compensate for the large trader losses that have accumulated since June.” said.
Santiment also said that investors expect altcoins such as DODO, GALA, MAGIC, MASK and SRM to perform very well in the near future.
“Altcoins have shown some modest signs of life so far this week, but certainly not enough to offset the massive trader losses that have accumulated since June.
However, many investors see historical bullish opportunities in altcoins such as DODO, GALA, MAGIC, MASK and SRM.”
? #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
*This is not investment advice.