Cryptocurrency Slump Over? Data suggests Imminent Bounce for Bitcoin, XRP, and Cardano
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The recent cryptocurrency market downturn has seen the prices of major cryptocurrencies including Bitcoin, Ethereum, XRP, Dogecoin, and Cardano drop significantly. A little-known metric, however, suggests a short-term bounce is due. That’s according to data shared by on-chain analytics firm Santiment, which notes that the lower a cryptocurrency’s 30-day Market Value to Realized Value (MVRV)

Source: CryptoGlobe