XRP, Uniswap stay underbought according to this metric Crypto
As the metric suggests, the increased volatility in the crypto market has seen trader profits plummet particularly hard during the recent price correction. The majority of crypto assets saw major price dips in January 2022 as markets continue to slide with every"buy the dip" call seeming to get invalidated.
Consequently, Uniswap's average trading returns have hit the lowest points as its price dips to the $10 range. At present prices, UNI is down 76.73% from all-time highs of $44.97. Metrics like MVRV help point out when trader pain reveals buy windows. As is always the case, every extended period of loss generally rewards the patience of traders with buy opportunities.assets such as XRP and Uniswap have reached all-time negative MVRV levels; thus, opportunities for a price upswing might be presented to bring traders some relief.
XRP is presently changing hands at $0.58 after a multi-year stretch of lackluster trading action. At present prices, XRP is down 84.7% from all-time highs of $3.84 reached in January 2018.The on-chain analytics note that XRP has been at its most negative average MVRV level since late June 2021 after its price plunged 67%. It states that this metric was last in positive territory in mid-December when XRP attained highs of $1.07 after a six-day rally.
Despite XRP price action, Ripple CEO Brad Garlinghouse recently stated that his company was in the strongest financial position to date with $1 billion in the bank.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
This Ripple’s Crypto Unicorn Shifts 36.1 Million XRP: DetailsThis cryptounicorn related to Ripple transfers over 36 million $XRP. RippleNews XRPnews XRP XRParmy XRPnews 1CrypticPoet WillyWonkaXRP RippleXrpie XRP_Productions MackAttackXRP BankXRP XRPNews_ XRPcryptowolf
続きを読む »
ETH, XRP, BNB and ADA Price Analysis for January 29Which altcoin can keep rising faster than BTC? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin CardanoStiftung ADAcoin_ Cardano cardano
続きを読む »
OpenSea NFT Major Yet Again Surpassed Uniswap by Gas Consumption. What Does This Mean?Ethereum (ETH) network has new leader in terms of gas consumption: Uniswap is dethroned yet again
続きを読む »
This Ripple’s Crypto Unicorn Shifts 36.1 Million XRP: DetailsThis cryptounicorn related to Ripple transfers over 36 million $XRP. RippleNews XRPnews XRP XRParmy XRPnews 1CrypticPoet WillyWonkaXRP RippleXrpie XRP_Productions MackAttackXRP BankXRP XRPNews_ XRPcryptowolf
続きを読む »
Bitcoin Transfer Volumes See Massive Uptrend In Institutional Dominance, Signaling Market BreakoutInstitutional investors continue demonstrating their dominance in the Bitcoin market. According to on-chain data provider, Glassnode, 65% of recent transactions’ transfer volume in the market exceeds the level of $1 million, implying that institutional investors are mostly responsible for the...
続きを読む »
Could a New Bill Effectively Ban All Crypto Transactions in the US?The White House claims the bill will 'make our supply chains stronger.'
続きを読む »