This Blockchain Indicator Might Show Bitcoin Rally Has Legs
Bitcoin’s price has nearly doubled this year, but the rally could have room to run. That’s based on a new report by Coin Metrics, a cryptocurrency data firm, which shows bitcoin (BTC) is not at an extreme relative to the previous market top in 2018.
The MVRV ratio is a measure of bitcoin’s market value relative to its realized value. The gauge represents the difference between the cryptocurrency’s current price and the average price at which bitcoins were acquired. When it reaches an extreme, the thinking goes, traders might be inclined to take profits, creating sell pressure that could push price down.
- The near 20% bitcoin sell-off from an all-time-high around $60,000 last week triggered a decline in the MVRV ratio to 0.88.
- “Historically, the periods that MVRV has dropped below 1.0 have been some of the best times to invest in BTC,” according to Coin Metrics.
- The MVRV indicator reached an extreme around 4 in 2018, and near 6 in 2014, just prior to the start of bear markets.
Recommended News
-
HatchVerse (HTV) Officially Launches, Leading the New Wave of Web3 Pet-Based Blockchain Gaming
As blockchain technology and decentralized gaming ecosystems continue to evolve globally, the launch of HatchVerse (HTV) brings a unique Web3 gaming experience, ushering in a new wave of “play-to-earn” opportunities. [Singapore, November 2024] — Today marks the official launch of HatchVerse (HTV), a Web3 blockchain MEME project co-initiated by leading blockchain venture capital firms and well-known KOLs. HTV is a decentralized pet-raising game designed to offer players around the world both entertainment and financial rewards through an innovative token economy. With a strong community-driven approach and a balanced economic ecosystem, HTV…
-
Eagle Crest Asset Management: Empowering Clients Through Education and Training to Understand Complex Financial Products
In today’s increasingly complex financial landscape, asset management firms are not only responsible for managing investments but also for ensuring their clients understand the intricate financial products that make up their portfolios. Eagle Crest Asset Management is a prime example of a firm that recognizes the importance of client education in navigating complex financial products. This article explores how Eagle Crest Asset Management leverages education and training to help clients understand and make informed decisions about their investments. The Importance of Financial Literacy in Asset Management Before diving into how…
-
The Benefits of Investing: A Guide to Personal Growth and Financial Prosperity with HB Wealth Advisors (HWA)
In today’s fast-paced financial world, individuals often face a myriad of options when it comes to managing their wealth and securing their future. One of the most effective ways to build long-term wealth and achieve financial stability is through investing. However, many individuals are still hesitant or uncertain about the potential benefits of investing and how to make it work for them. This is where financial advisors like HB Wealth Advisors (HWA) can provide invaluable guidance, helping clients unlock the full potential of their investments and navigate the complexities of…
-
HB Wealth Advisors’ “Century Investments $10 Billion Fund” PK Competition: A Deep Dive into the Dynamics of the Fund Market
In the ever-evolving world of investment management, the competition between major funds and advisory firms has become a key marker of success. One recent example that has captured the attention of the financial world is the rise of HB Wealth Advisors’ “Century Investments $10 Billion Fund.” This massive fund has quickly positioned itself as one of the leading players in the market, engaging in a fierce PK (short for “player killer”) competition against other heavyweight funds. As the fund market grows increasingly complex, understanding the dynamics behind this competition provides…
-
Starseacoin.com Exchange’s Navigating U.S. Interest Rate Cuts Insights on Crypto Market Impacts Read more: https://www.digitaljournal.com/pr/news/binary-news-network/starsea-bit-exchange-s-navigating-u-s-1484897114.html#ixzz8rzyJByqa
As the U.S. Federal Reserve signals a shift towards cutting interest rates, the entire financial landscape is expected to witness significant transformation. This shift isn’t just about traditional markets like stocks or bonds—the crypto market, with its inherent volatility and unique dynamics, stands to be affected in a variety of ways. One of the prominent players looking to capitalize on these changes is Starsea Bit Exchange. With its innovative approach to cryptocurrency trading and investment, Starsea Bit Exchange is well-positioned to navigate the economic landscape shaped by U.S. rate cuts….
-
BrightCoin’s Future Blueprint: Shaping the Next Generation of Cryptocurrency Trading Ecosystems
In 2024, BrightCoin has emerged as a rising star in the cryptocurrency world, earning its place in the market through its exceptional security and user experience. However, for BrightCoin, its past success is merely the beginning. Looking ahead, how will BrightCoin leverage its technological strengths and market position to continue driving innovation in cryptocurrency trading? This article will explore BrightCoin’s future development strategies and how it plans to maintain its leadership in an increasingly competitive crypto space. Expanding Cryptocurrency Support: Offering More Choices for Investors One of the primary goals…
-
Sphere Financial Inc: Transforming the World of Finance with Ground breaking Blockchain Solutions
Sphere Financial Inc (SFI), a disruptive force in the finance industry, is revolutionizing the financial landscape with its unparalleled blockchain solutions. By empowering individuals and businesses worldwide with decentralized and all-inclusive approaches, SFI is redefining traditional finance and ushering in a new era of possibilities. Founded by visionary leaders disillusioned with exploitative banking practices, SFI is on a mission to construct a financial ecosystem that transcends borders and extends opportunities to all. The company’s comprehensive suite of blockchain solutions caters to diverse industry needs, offering innovative solutions that address…
-
Project Analysis: Alaya, a Data Provision Service for Artificial Intelligence
The popularity of Artificial Intelligence (AI) has led to the emergence of projects on this concept. Most of them are focused on modeling applications, and a number of excellent products have appeared. But today we are going to focus on Alaya, a provider of underlying data-based services, which uses the concept of gamification to collect and label data for AI, and finally provide higher quality data to algorithms. Here we will experience the product Alaya, first of all, visit his official website to view the basic information of the project:…
-
Преодолевая дилемму GameFi « Спираль смерти » и анализируя экономическую модель Murphy
С момента взрыва Axie Infinity в этом году на рынке появилось множество продуктов GameFi. GameFi может быть понят как система блочных цепочек игр, которая включает в себя токен-экономическую модель, игра и DeFi, таким образом, представляет финансовый механизм в gamification, простое понимание состоит в том, что в игру добавлена финансовая реализация, чтобы сделать участников более интересными в процессе получения прибыли. В GameFi игроки могут зарабатывать замещающие валютные награды во время игры, жетоны используются для покупки оборудования, улучшения персонажей и т. Д., Также они могут продавать на вторичном рынке, чтобы получить прибыль…
-
Eagle Crest Asset Management is Shaping the Future of Investment under Ridel Bosco Castillo’s Leadership
Eagle Crest Asset Management, founded in 2019 by Ridel Bosco Castillo, has rapidly emerged as a key player in the global financial sector. The company’s dedication to long-term value creation, innovative investment strategies, and commitment to clients have earned it wide recognition and trust in a highly competitive market. At the core of Eagle Crest’s philosophy is a belief in integrity, innovation, and exceptional service. With a team of more than 30 seasoned investment professionals, each boasting over 30 years of experience, Eagle Crest offers a personalized approach to wealth…
