On-chain data shows that Dogecoin (DOGE) is among the altcoins that have observed significant losses for 6-month traders, which may help the coin’s price rebound. Dogecoin MVRV Suggests DOGE May Be Offering A Buy Window In a new post on X, the on-chain analytics firm Santiment has discussed how assets like Dogecoin and XRP (XRP) have been looking like regarding trader returns on various timeframes. The indicator of relevance here is the popular “Market Value to Realized Value” (MVRV), which keeps track of the ratio between the value that the investors of an asset as a whole are holding (that is, the market cap) and the value that they put into the asset (the realized cap). Related Reading: Bitcoin Could Drop To $40,600 If This Happens, Crypto Analyst Says When the metric has a value greater than 1, the investors are currently in a state of net unrealized profit. On the other hand, it being under the cutoff implies the dominance of loss in the market. Historically, whenever the investors of a cryptocurrency have been in a stat ..
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