Crypto Rally Pushes Cardano Into Overvalued Range
Recent price action has shifted the 30-day MVRV ratios across major assets. Data shows Ethereum is mildly undervalued at -5.5%, while Bitcoin and XRP remain rou
Not financial advice. DYOR.
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π According to the 30-day MVRV's of crypto's large caps, things have changed significantly following today's climbs. Average trading returns across networks over the past 30 days:
Mildly Undervalued:
π Ethereum $ETH: -5.5%
Neutral:
π Bitcoin $BTC: -1.4%
π XRP $XRP: -0.1%
π Chainlink $LINK: +3.3%
Mildly Overvalued:
π Cardano $ADA: +6.8%
π§ 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%.
πΈ Buy and dollar cost average when a coin is in an 'Undervalued' zone. Be cautious when a coin reaches an 'Overvalued' zone.
π Watch the average returns of top caps and bookmark this amazing Santiment chart!
