An assessment of the profitability of leading metaverse tokens Apecoin [APE], Decentraland [MANA], and The SandBox [SAND] revealed that only APE holders have turned a profit so far this year.

The MVRV ratio for APE is currently positive at 15.81% and is trending upward, while the MVRV ratios for MANA and SAND are both negative at -59.77% and -33.31%, respectively, making them undervalued.

A coin is considered undervalued when the MVRV ratio is below 1, meaning that the current market capitalization is less than the total value of all coins that have been realized. In this case, if an investor sells MANA and SAND at their current market prices, he will realize losses on his investments.

Twitter: @AO15U

BTC & ETH's long-term MVRV ratio
( chart layout => https://app.santiment.net/charts/btc-eth-s-long-term-mvrv-ratio-16126 )
& some of the most *popular assets during this bear market.

*total sum of the newly created addresses since 2021 BTC Nov. high ~ till this day

rank 1~5
#ETH #MATIC #USDT #USDC #USDC
6~10
#WETH #DAI #SHIB #XRP #WETH
11~15
#MATIC #USDC #SOS #USDT #USDC
16~20
#DAI #OP #LINK #MANA #SAND

- not financial advice -