A lesser-known altcoin analytics platform claims that two altcoins are showing positive signals amidst the rising fear, uncertainty, and doubt (FUD) surrounding digital assets.

According to recent data from Santiment, a market intelligence firm, low-cap altcoins like Balancer (BAL), a decentralized finance (DeFi) platform, and Chromia (CHR), a decentralized application builder, are expected to experience gains as traders who have been shorting them face liquidation.

Santiment believes that altcoins with extremely low funding rates are a good indication to buy into the FUD that is currently prevailing among the crowd. In the past 24 hours, Balancer, Chromia, and Celer have stood out as assets with heavy shorting on Binance. The liquidation of these short positions is likely to lead to price increases.

At the time of writing, Balancer is trading at $2.53, while Chromia is trading at $0.231.

Santiment also points out that certain events, such as the hack of machine intelligence marketplace Bittensor (TAO) and Bitcoin dropping below $60,000, have amplified discussions about FUD in the crypto markets. The firm suggests that this high level of fear presents an opportunity for investors to capitalize.

Bitcoin is currently trading at $58,226, while Bittensor is trading at $224.

Additionally, Santiment highlights that altcoin trader wallets are indicating significant losses. The analytics firm also notes that some altcoins, including Chromia, Highstreet, and Basic Attention Token, are historically in attractive buy zones.

Investors are advised to exercise caution and conduct thorough research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl does not provide investment advice and is not an investment advisor.