Cryptocurrency analytics company Santiment has shared its updated assessment of the 30-day MVRV (Market Cap to Realized Value Ratio) ratios of large market capitalization crypto assets.
The company noted that following today’s gains, there have been significant changes in the average 30-day trading returns across its networks.
According to Santiment data, Ethereum (ETH) is in the “slightly undervalued” category with a 30-day MVRV of -5.5%. This indicates that investors who traded in the last 30 days are, on average, at a loss, and according to the analytics company, the asset could be at a relatively more attractive price level. In contrast, Bitcoin (BTC) is down -1.4%, XRP is down -0.1%, and Chainlink (LINK) is up +3.3%, all in a neutral zone. This picture suggests that short-term investor returns in these assets are close to equilibrium.
On the other hand, Cardano (ADA) is positioned in the “slightly overvalued” category with a 30-day MVRV of +6.8%. This rate indicates that investors who have bought recently are, on average, in profit territory and the price is relatively higher in the short term.
Santiment argued that the MVRV indicator provides investors with an objective framework for “truly buying low and selling high.” According to the company, instead of simply looking at price drops to buy at the bottom, periods when an asset’s 30-day average return falls significantly below the usual 0% level can offer more meaningful opportunities.
*This is not investment advice.
