Express

Data Show that Ethereum’s NVT Ratio is Currently on a Rise Over the Past Few Days

Amy Liu

Summary: According to the data from Santiment, Ethereum’s NVT ratio is currently on a rise over the past few days, but its average has remained low. A low NVT ratio indicated that ETH’s network is currently undervalued which means the probability of market cap appreciation is larger than a decline. Speaking of decline, Ethereum‘s exchange inflows ...

According to the data from Santiment, Ethereum’s NVT ratio is currently on a rise over the past few days, but its average has remained low. A low NVT ratio indicated that ETH’s network is currently undervalued which means the probability of market cap appreciation is larger than a decline.

Speaking of decline, Ethereum‘s exchange inflows reached a new low last witnessed below October 2020; right before the bull-run started. It can be inferred that selling pressure is finally reaching breaking point, after inflow reached a new high of 780k on 19th May.

By Amy Liu

Last Update:

Tags: ,
Link: Data Show that Ethereum’s NVT Ratio is Currently on a Rise Over the Past Few Days   [Copy]
Next:

Related Articles

  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 5 hours ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 3 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 7 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 9 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 11 days ago

    • You need to login to comment.