Santiment, a crypto market analytics firm, reported that the MVRV (Market Value to Realized Value) metrics for several major cryptocurrencies indicate they are currently undervalued. A negative MVRV suggests that most traders are experiencing losses, presenting a potential buying opportunity as the risk is perceived to be lower.
According to Santiment, ChainLink's MVRV stands at -9.5%, Cardano at -7.9%, Ethereum at -7.6%, XRP at -5.7%, and Bitcoin at -3.7%. These figures suggest that these cryptocurrencies are in the undervalued zone, potentially offering attractive entry points for investors.
Santiment: Major Cryptocurrencies Show Undervaluation via MVRV Metrics
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