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CoinOtag 2024-06-19 19:48:25

Dogecoin and Cardano Show Bullish Potential with Low 30-Day MVRV Ratios: Santiment Report

Dogecoin and Cardano Show Bullish Potential with Low 30-Day MVRV Ratios: Santiment Report

The on-chain analytics firm Santiment recently highlighted Dogecoin and Cardano as showing bullish potential based on a specific metric. Examining the performance of top cryptocurrencies, the Market Value to Realized Value (MVRV) Ratio provides significant insights. Santiment’s data reveals that Dogecoin and Cardano have notably low 30-day MVRV Ratios, indicating a possibly positive short-term outlook.

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