XRP and Dogecoin Show Losses Despite Recent Market Activity
- XRP recorded an average unrealized loss of minus 11.75% for coins active in the past year.
- Dogecoin showed a deeper average loss of minus 19.26% over the same period.
- Bitcoin, ether, and chainlink displayed small average gains in the comparison.
- Santiment’s analysis used a market value to realized value (MVRV) metric over a span of one year.
- Despite XRP’s price rising above $1.60 on Sept. 22, it remained below its acquisition value in Santiment’s calculation.
The data indicates that both XRP and Dogecoin holders are experiencing paper losses despite recent price movements, with XRP showing a smaller decline compared to Dogecoin. This suggests potential opportunities for long-term gains if demand increases, as fewer traders hold profits they could sell off quickly.
Santiment’s findings highlight that while some cryptocurrencies like Bitcoin, ether, and chainlink have seen minor gains, others like XRP and Dogecoin still face significant challenges in recovering their acquisition values from the past year (Source)
