1 Under-the-Radar Metric That Just Flipped Bullish for Ethereum and XRP
Although it's important to avoid getting caught up in focusing on short-term changes in key cryptocurrency metrics, sometimes there's reason to believe in the emergence of larger trends that have big financial implications for your assets. And during the past 30 days and before, that's exactly what's happening for one metric that's particularly important to the future of both Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP), as different as the two chains are in terms of their stated goals and technical implementations.Let's explore the metric that's changing in their favor and understand why it matters for the long-term viability of both.Pinning cryptocurrencies to specific valuations is a difficult process that's a mixture of guesswork and a smattering of different financial fundamentals, all of which end up being interpreted in light of the prevailing market sentiment.Continue reading
Although it's important to avoid getting caught up in focusing on short-term changes in key cryptocurrency metrics, sometimes there's reason to believe in the emergence of larger trends that have big financial implications for your assets. And during the past 30 days and before, that's exactly what's happening for one metric that's particularly important to the future of both Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP), as different as the two chains are in terms of their stated goals and technical implementations.
Let's explore the metric that's changing in their favor and understand why it matters for the long-term viability of both.
Pinning cryptocurrencies to specific valuations is a difficult process that's a mixture of guesswork and a smattering of different financial fundamentals, all of which end up being interpreted in light of the prevailing market sentiment.
