Cryptocurrency

Bank

Value

Analysts from cryptocurrency analysis company Santiment shared some altcoins that they claim have a bullish outlook, taking into account recent market movements.
In MVRV value, which is the metric used by analysts, the lower the MVRV value of a cryptocurrency, the more likely it is to make a short-term jump, according to Santiment.
MVRV (Market Value – Realized Value) ratio is a metric used in the analysis of cryptocurrencies. It represents the ratio between the market value and realized value of a crypto asset.
Market cap is the current price of the asset, while realized value is a measure of the cryptocurrency's true value based on the prices it has previously traded at.
Related News: <a href="https://en.bitcoinsistemi.com/major-cryptocurrency-step-from-the-national-bank-of-australia/" target="_blank" rel="noopener noreferrer nofollow">Major Cryptocurrency Step from the National Bank of Australia</a>
According to analysts, the cryptocurrencies whose MVRV value appears to be in favor of the bulls are as follows:
Bitcoin: -4.0% (slightly bullish)
Ethereum: -4.3% (slightly bullish)
XRP: -3.5% (slightly bullish)
Dogecoin: -16.7% (strong bull)
Toncoin: -0.6% (neutral)
Cardano: -12.6% (strong bull)
A higher MVRV ratio indicates that the current market value of the asset significantly exceeds the average acquisition cost of each address holding the asset.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/analytics-firm-shares-4-altcoins-it-favors-bullish-in-the-short-term/" rel="noopener noreferrer nofollow">Analytics Firm Shares 4 Altcoins It Favors Bullish in the Short Term</a>

Analytics Firm Shares 4 Altcoins It Favors Bullish in the Short Term

Bitcoin Sistemi EN

Other articles published on Jun 20, 2024

SingularityNET Price Jumps 25% As NVIDIA Becomes World’s Most Valuable Company, But This New AI T...

Mark Cuban Warns Gary Gensler’s SEC Actions Could Cost Joe Biden the 2024 Election

EthCC[7] Draws Ethereum Community to Brussels for Deep Dive into the European Regulatory Landscap...

87% of Bitcoin supply is in profit: What it means for BTC’s next move

XRP Whales Trigger Market Movement with Massive Transfers

TON Surges in Popularity with Skyrocketing On-Chain Metrics

Join our free newsletter for daily crypto updates!