Coin Edition -
- Santiment provided takes on the recent market condition.
- LDO is in the process of building the top and in the final stage of divergence.
- MVRV is below the dangerous ‘overbought’ level for a number of assets.
A report on the current status of Ethereum (ETH), Lido DAO Token (LDO), Marker (MKR), and SushiSwap (SUSHI) was just compiled by a company that provides analytics for the cryptocurrency markets, Santiment.
According to the firm, an investor may choose to put their money into a variety of assets, some of which may be sending out very optimistic signals while others seem to be much more negative.
For instance, some patterns are emerging now on the liquid staking protocol, Lido DAO. According to the data, the token is in the process of building the top and in the final stage of divergence. The divergence is however on the network activity and in network growth.
The post Santiment Reveals Bullish and Bearish Takes on the Market appeared first on Coin Edition.