Are the stablecoins retracting, signaling the arrival of a risk-on market?

Bitcoin and Ethereum's long-term MVRV Ratio and Bitcoin's Price Volatility

Here is a chart to see:

1. Which new projects are increasing in popularity since crypto market peaked?

It is determined by crypto-assets' daily average new addresses creation since Nov 2021 (where Bitcoin peaked) till this day.

2. Are the more established crypto-projects continuing to gain traction?

3. Blow-off top/bottom that has the potential of leading a reversal in market price trend.

- 'arbdoge-ai' has ranked into the list, while 'multi-collateral-dai' has ranked out from the previous ranking.

- 'usd-coin' has moved from rank 4 to rank 8, a shift of 4 spots from the previous ranking.

rank
1~5 $USDT $ETH $MATIC $BUSD $ARB
6~10 $CAKE $BTC $USDC $SHIB $XRP
11~15 $PEPE $OP $BabyDoge $LINK $ID
16~20 $STG $ADA $BLUR $FLOKI $AIDOGE

*MVRV (Market Value to Realized Value) ratio gives an idea of how much overvalued or undervalued an asset is.

- not financial advice -

Thanks for reading!

If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!

4

Conversations (0)

No comments yet
Be the first to comment

Suggested insights

We are using cookies to improve your experience!

By clicking “Allow all”, you agree to use of all cookies. Visit our Cookies Policy to learn more.

×