Santiment: DOGE and XRP are showing strong MVRV opportunity signals, with holders broadly in unrealized loss.

On October 21, Santiment released an analysis noting that Dogecoin (DOGE) and XRP had 365-day MVRV ratios of approximately 0.74 and 0.92, respectively—indicating that investors who bought and held these two assets over the past year are, on average, experiencing unrealized losses, with DOGE holders facing deeper average losses. Meanwhile, Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK) posted同期 MVRV ratios between 0.97 and 1.04, suggesting their holders are roughly at breakeven. Santiment further explained that low MVRV levels often signal waning selling pressure, potentially marking a historically low-risk zone with latent allocation value; conversely, elevated MVRV suggests stronger profit-taking tendencies. While this metric effectively reflects the current profit-and-loss structure and risk sentiment among market participants, it does not guarantee a price rebound.