According to a recent analysis by the company Santiment, ‘85% of altcoins are in the historical buy zone. This signals potential for projects that have room to grow due to the distance from their ATH, as is the case with RACA.
The company highlights that analyzing the relationship between market value and realized value (MVRV) is fundamental in this context. This metric compares a cryptocurrency’s market capitalization to its realized capitalization.
While market capitalization reflects the total value of coins in circulation based on the current price, realized capitalization values each unit of cryptocurrency at the price at which it was last traded, offering a more informed view of the value invested over time.
Santiment highlights that this distinction is crucial, as a low MVRV ratio suggests that the price of a cryptocurrency may be undervalued relative to the actual value of the capital invested in it. Thus, it indicates a possible buying signal for experienced investors who are keeping an eye on the altcoins market like RACA.
Supported by DWF Labs, OKX Blockdream Ventures, and the Tachyon accelerator by Consensys Mesh, RACA serves as a web 3.0 infrastructure solution provider. Initially launched as a bidding token with the Maye Musk NFT, RACA has evolved into a robust web3.0 gaming ecosystem!
RACA, the USM native token, serves as a Crypto ‘dApp Store’ of AI Apps and Games, initiated by the ‘Elon Musk’s Mother & Koda NFT’ community
