Mean Dollar Invested Ages Still Indicate Healthy Dormant Movement - Bull Market to Continue?
π One of the most overlooked metrics in crypto, Mean Dollar Invested Age is flashing a bullish signal despite the market-wide retrace this week. The Mean Age o
Geen financieel advies. DYOR.
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π One of the most overlooked metrics in crypto, Mean Dollar Invested Age is flashing a bullish signal despite the market-wide retrace this week.
The Mean Age of investment for:
πͺ BTC is 439 days (31% younger in 60 weeks)
πͺ XRP is 865 days (22% younger in 14 weeks)
πͺ DOGE is 370 days (31% younger in 8 weeks)
When a network's Mean Dollar Invested Age line is moving down, it indicates that older, stagnant wallets (particularly from large key stakeholders) are circulating their dormant coins back into circulation, increasing network activity.
This is one of the key indicators throughout the history of each coin's lifespan that helps validate that a bull market can and should continue. The 2017 and 2021 bull markets similarly did not come to a halt until assets' mean ages started going "up" (getting older) again.
Though short-term price volatility can continue to be expected, consider this a very valuable bode of confidence if you remain bullish on market prices in the mid and long term. π
Not financial advice. DYOR.
