BTC and ETH Utility Does Not Justify Their Market Caps: Santiment By CoinEdition
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© Reuters. BTC and ETH Utility Does Not Justify Their Market Caps: Santiment- Santiment tweeted today that the market caps of BTC and ETH are too high given their utility levels.
- The data showed that BTC had a bearish circulation divergence since August last year.
- BTC’s price has broken above the 9-day EMA line.
The blockchain analysis firm, Santiment, posted a tweet today regarding the two crypto market leaders, (BTC) and (ETH). According to the tweet, Santiment Feed’s NVT price prediction model showed that the two market leaders required some increased network utility to justify their current market caps.
The tweet concluded that the circulation of both networks needs to pick up in 2023 and that this week will be telling, as the new year kicks off and the holidays end.
The post BTC and ETH Utility Does Not Justify Their Market Caps: Santiment appeared first on Coin Edition.
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© Reuters. BTC and ETH Utility Does Not Justify Their Market Caps: Santiment- Santiment tweeted today that the market caps of BTC and ETH are too high given their utility levels.
- The data showed that BTC had a bearish circulation divergence since August last year.
- BTC’s price has broken above the 9-day EMA line.
The blockchain analysis firm, Santiment, posted a tweet today regarding the two crypto market leaders, (BTC) and (ETH). According to the tweet, Santiment Feed’s NVT price prediction model showed that the two market leaders required some increased network utility to justify their current market caps.
The tweet concluded that the circulation of both networks needs to pick up in 2023 and that this week will be telling, as the new year kicks off and the holidays end.
The post BTC and ETH Utility Does Not Justify Their Market Caps: Santiment appeared first on Coin Edition.
See original on CoinEdition
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