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. 👍

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