Highlights
4 altcoins -
#XRP ,
#SHIB ,
#NST , and
#VIRTUAL - show promise of exponential rallies to turn 1,000$ to 100,000$.
Ripple's (XRP) 30-day MVRV indicator drops below zero, indicating a buying opportunity for long-term holders.
Shiba Inu (SHIB) supply on exchanges plummets, suggesting investor confidence in its price performance.
1: Ripple (XRP)
The 30-day MVRV indicator has dropped below zero and currently hovers around -4%. This suggests that investors who purchased XRP a month ago are now at an average loss of -4%. The MVRV indicator is used to guage the average profit/loss of investors. A drop in 30-day MVRV below zero provides buying opportunities for long-term holders as short-term holders capitulate.
As long-term holders accumulate XRP, the odds of the remittance token kicking off a massive XRP price rally to the upside improve. So far, Ripple has shot up nearly 500% and has more momentum to shoot higher.
2: Shiba Inu (SHIB)
The second altcoin to buy includes Shiba Inu (SHIB). This dog-based meme coin was once termed “Dogecoin killer” and has the potential to skyrocket. Lately, the number of SHIB tokens held on exchanges has been plummeting.
The number of SHIB dropped from 146 trillion to 141 trillion, a net outflow of 5 trillion tokens. This 4.25% decline suggests that investors are confident in Shiba Inu price performance in the near future and are not looking to sell SHIB. This is a fundamental development for SHIB price.
3: Nebula Stride (NST) is a new and promising blockchain project that has been gaining attention. The NST airdrop is yet to occur, which has also helped the project gain a lot of traction in recent days. With a total supply of 2 billion NST, the project’s team plans to allocate 10% for the airdrops. Typically, this attracts investments and could spark optimism among potential investors looking to buy altcoins. The presale’s next stage will begin after raising $416,666.66, with the token price increasing to $0.025.
The last altcoin to buy includes PEPE, which is a frog-based top meme coin, built on the Ethereum blockchain. The 30-day MVRV for Pepe Coin has dropped to -17%, indicating that investors that purchased PEPE in the past month are at an average loss of 17%.
As noted above, short-term holders’ capitulation is a buying opportunity for long-term holders. Hence, the recent drop serves as a good place to buy the altcoin to turn $1,000 to $100,000. Hence, PEPE’s value could be due for a rally.