Top Cap MVRV's Still Signaling Encouraging Signs For a Short-Term Relief Rally
๐ 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
Finansal tavsiye degildir. DYOR.
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๐ 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:
๐ Ethereum $ETH: -14.3%
Slightly Undervalued:
๐ Bitcoin $BTC: -6.9%
๐ Chainlink $LINK: -5.1%
๐ XRP $XRP: -4.1%
๐ Cardano $ADA: -2.0%
๐ง 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%.
๐ธ 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. ๐
๐ The above chart can be bookmarked and viewed any time you wish with your Santiment account here!
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Finansal tavsiye deฤildir. DYOR.
