en.bitcoinsistemi.com
While Bitcoin rose above $ 67,000 during the day after the decline it experienced yesterday, Santiment examined which cryptocurrencies are higher risk and which are less risky.
Using the MVRV-Z Score indicator in this review, Santiment determined which crypto was overvalued or bearish.
A high MVRV ratio means investors are holding on to unrealized profits and may be tempted to sell. A low MVRV ratio means investors are holding on to unrealized losses and may be tempted to buy.
According to Santiment's review, Toncoin (TON), Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) are located in what is marked as the red zone in terms of MVRV-Z Score.
The red zone in the MVRV-Z Score is considered to indicate that the relevant assets are of high value and carry high risk. In other words, this indicates that investors may consider selling and taking a profit because the asset may be overvalued.
According to Santiment data, this rate for TON is 5.09; 2.2 for BTC; It was measured at 0.95 for ETH and 0.5 for DOGE.
On the contrary, altcoins with a low MVRV-Z Score below 0 are of low value and carry less risk. At this point, altcoins with low MVRV-Z Scores are the ones that cause the most trouble to investors and are therefore likely to make a return.
According to Santiment data, altcoins with low MVRV-Z Score and offering buying opportunities are listed as Uniswap (UNI), Shiba Inu (SHIB), Polygon (MATIC), Chainlink (LINK), Cardano (ADA) and XRP.
According to the data, this rate for UNI is -2.29; -1.63 for SHIB; -0.95 for MATIC; -0.61 for LINK; It was measured as -0.38 for ADA and -0.2 for XRP.
đź“Š As crypto markets are showing serious bounce action on a bullish Friday, keep in mind where various assets stand in terms of average trading returns.
If you believe markets are about to surge, history says that buying into assets that traders have experienced the most pain in… pic.twitter.com/ReNHwEWb84
— Santiment (@santimentfeed) July 26, 2024
*This is not investment advice.