top-cap-mvrv-s-still-signaling-encouraging-signs-for-a-short-term-relief-rally

📊 According to the 30-day MVRV's of crypto's large caps, which identifies overvalued and undervalued assets based on average trader returns, here are where things stand:

Undervalued:

📌 Ethereum $ETH: -14.3%

Slightly Undervalued:

📌 Bitcoin $BTC: -6.9%

📌 Chainlink $LINK: -5.1%

📌 XRP $XRP: -4.1%

📌 Cardano $ADA: -2.0%

🧐 MVRV provides an objective way to truly measure when you can buy low and sell high. Instead of just arbitrarily buying dips, pay attention to when the zero-sum game for a coin begins to show average returns way below that usual 0%.

💸 Buying and dollar cost averaging when on-chain data shows a lot of pain among the average wallet, as it does now, is historically a sound strategy that will lead to significant profits in the long run. 👍

🔖 The above chart can be bookmarked and viewed any time you wish with your Santiment account here!

🔓 Unlock your 2-week free trial and instantly give our metrics a test drive to see how you like it here!

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Not financial advice. DYOR.