Analysts with the crypto exchange Bitfinex say two key metrics are suddenly flashing bullish for Bitcoin (BTC). In a new blog post, Bitfinex analysts say that Bitcoin’s Market Value to Realized Value (MVRV) ratio shows the price of the top-performing crypto asset is likely going up. MVRV is the ratio of Bitcoin’s market capitalization relative […]
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A crypto analyst thinks indications of a bearish signal are being displayed by one Ethereum (ETH)-based altcoin. Ali Martinez tells his 30,800 followers on the social media platform X that the native asset of the decentralized oracle network Chainlink (LINK) could be primed for a brief correction. Citing data from crypto analytics firm Santiment, Martinez […]
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New data from market intelligence firm Santiment suggests that altcoins may recoup some of their losses from the crypto market’s sharp downturn last week. According to the crypto analytics platform, altcoins are “overwhelmingly showing undervaluation” after last week’s bloodbath, leaving investors divided on how quickly the markets can recover. Using the market value to realized […]
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Analytics platform Santiment is saying that Dogecoin (DOGE) still possesses more upside potential even after surging by over 30% earlier this week. Santiment’s director of marketing Brian Quinlivan says that Dogecoin’s market value to realized value (MVRV) over the past 30 days is below the “danger zone,” meaning the leading meme coin likely still has […]
The post Dogecoin (DOGE) Could Rally Further After Massive Elon Musk-Induced Rally, Says Santiment – But There’s a Catch appeared first on The Daily Hodl.
The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth since November 2021. Bitcoin is down 70% from the all-time high last year, and a new report from Glassnode Insights calls the current bear market […]
Blockchain analytics firm Santiment is issuing a warning to investors that top altcoin Ethereum (ETH) is at risk of falling further based on a key metric. In a new article, the market intelligence company says that based on ETH’s Market Value to Realized Value (MVRV) over a seven-day period, the second-largest crypto asset by market […]
The post Ethereum (ETH) Has Entered a ‘Danger Zone’ – Here’s When That Could Change, According to Crypto Analytics Firm appeared first on The Daily Hodl.
