Close Menu
    What's Hot

    Strategy Increases Bitcoin Holdings in Response to Price and Stock Appreciation

    Aug. 11, 2025

    El Salvador Allows Major Banks to Provide Bitcoin Services to High-Net-Worth Clients

    Aug. 10, 2025

    Bitmine Aims for 5% of Ethereum Supply in Ambitious Accumulation Strategy

    Aug. 10, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    Chain Tech CatcherChain Tech Catcher
    Subscribe
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano
    • All Posts
    Chain Tech CatcherChain Tech Catcher
    Home » According to this fundamental indicator the season of cryptocurrency clones is set to commence ahead of schedule
    Altcoin

    According to this fundamental indicator the season of cryptocurrency clones is set to commence ahead of schedule

    By adminJun. 21, 2024No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    According to this fundamental indicator the season of cryptocurrency clones is set to commence ahead of schedule
    According to this fundamental indicator the season of cryptocurrency clones is set to commence ahead of schedule
    Share
    Facebook Twitter LinkedIn Pinterest Email

    With the possible approval of the Ethereum ETF in the US market, Ki Yong-ju, the CEO of blockchain analytics company CryptoQuant, shared his views on altcoins. In a recent publication, he emphasized the significance of the “Market Value to Realized Value” (MVRV) indicator for Ethereum. The MVRV indicator helps determine whether a cryptocurrency is undervalued or overvalued by comparing its market capitalization to its realized capitalization (the total value of all ETH at their purchase prices).

    “We are entering the early phase of the altcoin season. The MVRV of ETH is increasing faster than the MVRV of Bitcoin (BTC), indicating that the Ethereum market is gaining momentum based on its fundamentals. Considering the current ETF scenario, this could be a period where ETH attracts attention. Historically, when Ethereum rises, other altcoins usually follow suit.”

    Read more:
    [Link to article]

    While looking at the broader altcoin market, the CEO of CryptoQuant also noted a decline in the dominance of meme coins, which reached a 15-month peak in March. The dominance of meme cryptocurrencies compares their share of the total market capitalization to the market value of all altcoins.

    “It seems that crypto enthusiasts on Twitter are moving away from speculative trading towards focusing on fundamental indicators, reminiscent of the situation a few years ago.”

    [Image]

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleBreaking News MicroStrategy Acquires Bitcoin at Over 780 Billion Price
    Next Article Nvidia’s Market Rollercoaster: From Record Highs to Bearish Signals

    Related Posts

    Bitmine Aims for 5% of Ethereum Supply in Ambitious Accumulation Strategy

    Aug. 10, 2025

    SUI Targets $7 as Support Level Remains Strong

    Aug. 10, 2025

    XRP Dominance Narrative Strengthens as Analysts Observe Decoupling of Bitcoin and Ethereum

    Aug. 9, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025126 Views

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 202513 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views
    Don't Miss

    Strategy Increases Bitcoin Holdings in Response to Price and Stock Appreciation

    Bitcoin Aug. 11, 2025

    Michael Saylor’s Strategy has once again increased its Bitcoin reserves, adding a smaller but nota…

    El Salvador Allows Major Banks to Provide Bitcoin Services to High-Net-Worth Clients

    Aug. 10, 2025

    Bitmine Aims for 5% of Ethereum Supply in Ambitious Accumulation Strategy

    Aug. 10, 2025

    SUI Targets $7 as Support Level Remains Strong

    Aug. 10, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    Keep up with blockchain through Chain Tech Catcher. Gain insights on crypto, DApps, & innovations. Stay informed in this evolving landscape!

    X (Twitter) Telegram
    Most Popular

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025126 Views

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 202513 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views
    © 2025 Chain Tech Catcher All rights reserved.
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano

    Type above and press Enter to search. Press Esc to cancel.