Dogecoin Hits A ‘Blood In The Streets’ Moment: Buy Or Sell Now?

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Dogecoin Hits A ‘Blood In The Streets’ Moment: Buy Or Sell Now? - NewsBTC

Quick Summary:

The firm’s latest research, shared on January 8 via X, highlights a series of negative MVRV (Market Value to Realized Value) ratios across the crypto landscape—encompassing Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Dogecoin.

"Average trading returns are a great representation of whether buying low’ or selling high’ is actually the right timing,” Santiment stated, stressing that current on-chain metrics point toward an environment where many crypto assets are sitting in oversold territory.

This contrasts with BTC’s less pronounced -3.73%, indicating that Dogecoin’s short-term holders are, on average, deeper in the red relative to Bitcoin’s.Ethereum (-7.71%) and Cardano (-6.69%) also face negative territory, but their holders are faring slightly better than Dogecoin over the past month.