Crypto analytics platform Santiment says that one key metric is flashing buy signals for several altcoins. In a new update, the market intelligence firm says that the Market Value to Realized Value (MVRV) ratio is giving investors interested in altcoins the chance to purchase them at an opportune time. “If you have been awaiting the time to buy altcoins when there is blood in the streets, our MVRV model indicates that this time has arrived. Prices can of course still fall further, but this is the most crypto assets [that] have been in opportunity zones since early January.” Source: Santiment/Twitter An asset’s MVRV is the ratio between its prevailing market price and the average buying price. Santiment’s director of marketing, Brian Quinlivan, further explores the analytics firm’s bullish thesis for altcoins in a new video. Quinlivan says that decentralized exchanges dYdX ( DYDX ) and Hashflow ( HFT ), as well as the privacy-focused blockchain for social media Mask Network ( MASK ), are some of the altcoins that are in the “opportunity zone.” “Our MVRV model that shows the combined short, medium and long-term average trading returns for various assets… You can see that just about every one […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
