Santiment, a well-known crypto analysis company, has identified a group of large-cap altcoins that could experience short-term surges following a recent market correction.

Using the Market Value to Realized Value (MVRV) metric, Santiment has determined that seven altcoins have entered negative territory. The MVRV compares a digital asset’s market capitalization to its realized capitalization, indicating whether a coin is oversold or undervalued when dropping below zero.

According to Santiment, a lower 30-day MVRV suggests less risk for short-term investments. Among the large-cap altcoins, Dogecoin (DOGE) presents the least risk with an MVRV value of -19.7%, followed by Uniswap (UNI) and Litecoin (LTC) with values of -16.3% and -15% respectively.

Ethereum (ETH) holds the fourth position with an MVRV score of -13.2%, while Chainlink (LINK) and XRP trail behind with values of -11.1% and -10.1% respectively. Cardano (ADA) takes the seventh spot with an MVRV value of -9.9%.

The only exception among the large-cap altcoins is Toncoin (TON) with a positive MVRV score of +4.0%. Bitcoin (BTC) is showing an MVRV score of -9.64%.

It is important to note that the information provided by Santiment is not investment advice, and investors should conduct their own research before engaging in high-risk investments in the crypto market. Trading and transfers are done at one’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets and is not a financial advisor.