Santiment analysts have presented a strong and oversold screener for ADA, MATIC, CRO, and LINK, accounting for transaction volume, high market capitalization, and active addresses, all of which correspond to low returns at the moment.
The underlying logic is that the high disparity between fundamental factors and current market conditions suggests that these crypto-assets are currently undervalued, and prices are poised to surge further in the coming weeks. Santiment’s experts identified the following oversold (undervalued) tokens by applying this methodology to the current market situation: Cardano (ADA), Polygon (MATIC), Crypto.com Coin (CRO), and Chainlink (LINK).
In terms of price variation from the model’s theoretically expected level, these altcoins show double-digit percentages.
Cardano and Polygon’s high valuations make them prime acquisition targets. If the cryptocurrency market continues to recover, ADA and MATIC prices may rise at a faster rate. Santiment’s methodology can be supported by technical analysis, which can be used to identify bullish and bearish patterns.
According to the Strong and Oversold Screener, Cardano and Polygon may exit the oversold area due to price appreciation. Crypto.com Coin and Chainlink may have a similar dynamic, but at a slower rate of price fluctuation.
As the cryptocurrency market enters a retention phase, with less fluctuation in the prices of Bitcoin, Ether, and other cryptocurrencies, traders tend to invest in tokens that they believe have a better chance of breaking out of the bearish circle.
The disparity among fundamental and technical factors is influenced by various factors, and Santiment’s analysis is useful for determining which cryptocurrencies are likely to rise in value. Historical data confirms the strategy’s ability to outperform average crypto market returns.