Chainlink, Cardano and Ethereum Could Be Undervalued Amid Crypto Market Woes, According to One On-Chain Metric: Santiment
[ad_1] Amid ongoing crypto market uncertainty, one on-chain metric indicates Chainlink (LINK), Cardano (ADA) and Ethereum (ETH) could all be significantly undervalued. The digital asset analytics firm Santiment says all three assets are flashing negative percentages for their 30-day Market Value to Realized Value (MVRV) ratios. The MVRV is the ratio of a crypto asset’s […]
At least one metric remains at a record high
[ad_1] Bitcoin’s “realized capitalization” is at an all-time high of $1.125 trillion, suggesting that BTC remains in a bull market despite the near-40% plunge in prices over the past 10 weeks. This on-chain metric, which values each bitcoin at the price it last moved, highlights actual capital inflows rather than speculative price action like total […]