top-cap-mvrv-s-still-signaling-encouraging-signs-for-a-short-term-relief-rally
π 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 thi
Bukan nasihat kewangan. DYOR.
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π 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:
π Ethereum $ETH: -14.3%
Slightly Undervalued:
π Bitcoin $BTC: -6.9%
π Chainlink $LINK: -5.1%
π XRP $XRP: -4.1%
π Cardano $ADA: -2.0%
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 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. π
π The above chart can be bookmarked and viewed any time you wish with your Santiment account here!
π Unlock your 2-week free trial and instantly give our metrics a test drive to see how you like it here!
Not financial advice. DYOR.
