[Santiment: DOGE and XRP Signal Strong MVRV Opportunity, Holders Generally in a Loss Position] BlockBeats News, October 21, Santiment stated that Dogecoin (DOGE) has a 365-day MVRV ratio of approximately 0.74, indicating that holders who purchased over the past year are on average in a deeper loss position. XRP's 365-day MVRV is around 0.92, similarly showing that holders overall are in a loss position. In contrast, Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK) have 365-day MVRV ratios between 0.97 and 1.04, suggesting that holders are generally near breakeven. Santiment pointed out that lower MVRV values may indicate that selling pressure is nearing exhaustion, forming historically favorable and relatively low-risk potential opportunity zones; higher MVRV values, on the other hand, may suggest increased risk of profit-taking. This indicator can be used to observe the profit and loss status of market participants and their risk preferences, but it does not necessarily imply a price rebound. [Original Link]