Cardano MVRV Signals Capitulation as Grayscale Boosts Holdings – Here Is the Long-Term Crypto Setup

"Recent movements in the Cardano market, as indicated by the MVRV (Market Value to Realized Value) metrics, suggest that the cryptocurrency is experiencing a phase of capitulation. This phase is characterized by a significant sell-off, often leading to a dip in prices as investors abandon their positions. Compounding these trends, Grayscale, a prominent digital asset management firm, has been increasing its holdings in Cardano, which may signal renewed confidence in the asset's long-term potential. In light of these developments, it is essential to examine the broader crypto market setup over the long term, taking into account factors such as market trends, institutional investment patterns, and technological advancements that could influence the future trajectory of Cardano and other cryptocurrencies." source: https://blocknews.com/cardano-mvrv-signals-capitulation-as-grayscale-boosts-holdings-here-is-the-long-term-crypto-setup/