Cryptocurrency Slump Over? Data suggests Imminent Bounce for Bitcoin, XRP, and Cardano

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