Analytics company Santiment predicts that many altcoins are likely to experience rallies following a month-long correction in the crypto market. The firm suggests that the recent market-wide pullback has prompted altcoin traders to sell off their holdings, resulting in significant losses. Santiment’s model indicates heavy realized losses across most altcoins, with over 85% of tracked assets currently in a historically favorable position for potential gains. The market value to realized value (MVRV) indicator, used to assess the valuation of crypto assets, suggests that altcoins are undervalued. Santiment believes that this presents a “historic opportunity” for altcoins to witness rallies. Despite the volatility, traders are showing increased interest in crypto assets that have performed well in the current market conditions, such as Bitcoin, while altcoins like Dogecoin have seen a decline in active wallets. Santiment highlights that the total number of non-empty Bitcoin wallets continues to grow despite price fluctuations. At the time of writing, Dogecoin is trading at $0.149, down more than 34% from its 2024 high, while Bitcoin is valued at $64,000, a 13% decrease from its 2024 peak.