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According to analytical company Santiment, 6 crypto assets are potentially ready for a new rally
The first two assets are the anonymous Monero coin (XMR) and the Axie Infinity (AXS) gaming project token. In addition, the Quantum DApp platform (QTUM), the Web3-oriented Ankr project, the Solana-based liquidity provider Raydium (RAY) and DigiByte (DGB) are highlighted:
“There are usually at least a few cryptoassets that are unnecessarily short-circuited by bear traders at some point. Our latest study takes negative funding rates for XMR, AXS, QTUM, ANKR, RAY and DGB into account and suggests potential opportunities. “
A short squeeze occurs when an excessive number of shortists enter the market, and then an unexpected exchange rate jump occurs, causing a chain reaction of liquidations and, as a result, a serious rally. According to the company, traders who are bearish on Monero are highly vulnerable to such a scenario.
Santiment also believes that the DeFi sector is ready for healthy growth in the new year and has highlighted 3 assets that have good bullish potential against the backdrop of a sideways trend:
“In early 2022, DeFi assets are showing good signs of growth. YFI, UNI and AAVE have grown up well and the first days of the year are instilling a bullish sentiment for these cryptoassets. “
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