Dogecoin, Cardano “Very Bullish” Based On MVRV: Santiment

The on-chain analytics firm Santiment has revealed how Shiba Inu and XRP are among altcoins that are seeing a bullish divergence on the MVRV Z-Score. MVRV Z-Score Says XRP And Shiba Inu Traders Are Seeing Losses Currently In a new post on X, Santiment has discussed how the various top coins in the cryptocurrency sector look on the MVRV Z-Score. The “Market Value to Realized Value (MVRV) ratio” is a popular indicator that, in short, measures the deviation between the total value held by the investors of an asset (that is, the market cap) and what they used to purchase it (the....

After a turbulent week for the crypto market, the drop in prices has left an opportunity for investors to enter new or double down on their various positions. Fortunately, the blockchain intelligence firm Santiment has identified some of the large-cap cryptocurrencies to consider. These Cryptocurrencies Are In The Opportunity Zone: Santiment Santiment revealed via a post on the X platform has provided an interesting outlook on the crypto market, stating that some digital assets are showing “buy the dip” opportunities. This is based on their Market Value to Realized Value (MVRV) ratios,....

The on-chain analytics firm Santiment has revealed the altcoins that are currently in the historical buy zone according to a fair value model. A Large Amount Of Altcoins Are Currently Near The Opportunity Zone In a new post on X, Santiment talked about what the various assets in the cryptocurrency sector are looking like right now based on their Market Value to Realized Value (MVRV) ratios. The MVRV ratio is an indicator that keeps track of the profit/loss status of the addresses on any given network. When the value of this indicator is greater than 1, it means the investors are carrying a....

The on-chain analytics firm Santiment has revealed that over 85% of all altcoins in the sector are currently in the historical “opportunity zone.” MVRV Would Suggest Most Altcoins Are Ready For A Bounce In a new post on X, Santiment discussed how the altcoin market looks based on their MVRV ratio model. The “Market Value to Realized Value (MVRV) ratio” is a popular on-chain indicator that compares the market cap of Bitcoin against its realized cap. The market cap here is the usual total valuation of the asset’s circulating supply based on the current spot....

In recent weeks, ADA, the native token of the Cardano network. has drawn much speculation due to a rather turbulent price performance resulting in a decline of 18.77% in the past month. This negative price movement is similar to the majority of the cryptocurrency market following unprecedented massive dips in the price of Bitcoin.  However, despite ADA’s troubles, popular crypto analyst Ali Martinez is backing the coin to pull off a remarkable rebound. Interestingly, Martinez’s prediction comes as the digital asset attempts to find its feet, gaining by 9.92% in the last day, according to....