Santiment analysts refer to the MVRV model (a cryptocurrency indicator that identifies price highs and lows).
According to which OMG Network (OMG), Serum (SRM) and VIDT DAO (VIDT) at the moment are more of a promising buy, while Bella Protocol (BEL), Injective (INJ) and Render Token (RNDR) are a class of risky investments.
Santiment experts say: in April, prices in the crypto market were more “scattered” and practically did not correlate with each other. It is noteworthy that in previous months the picture was different.
The model shows that assets in the crypto market split into “overbought” and “undervalued” in the seven days since the last price change.
Santiment analysts previously found that the cryptocurrency Cardano ranked third in terms of developer activity over the past month ahead of its main competitors, Etherium and Avalanche.