Santiment: MVRV indicator shows some major tokens have entered undervalued territory
BlockBeats News, January 26, crypto market analysis firm Santiment posted on social media that if the MVRV indicator of a certain cryptocurrency is negative, it means that most ordinary traders of that token are at a loss. At this time, there is an entry opportunity, because profits are below the normal "zero-sum game" level. The more negative the yield, the lower the current buying risk for investors.
The current MVRV indicators for major tokens are: ChainLink -9.5%, Cardano -7.9%, Ethereum -7.6%, XRP -5.7%, Bitcoin -3.7%, all of which are in the undervalued range.
Note: MVRV stands for Market Value to Realized Value Ratio. This indicator usually reflects whether the average investor holding the coin is making a profit or a loss, and whether the overall market valuation is high or low.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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