Analytics Company Provides Technical Analysis for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) – What Are They Expecting?
Cryptocurrency analysis company MarktQuant shared its expectations for Bitcoin and some altcoins in its statement.
MarktQuant, a cryptocurrency analytics firm, has published its daily assessment of the altcoin market, focusing on core assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and the ETH/BTC pair.
According to MarktQuant’s analysis, Bitcoin (BTC) is currently at its mean valuation with a standard deviation of +0.25, which positions BTC in a bullish consolidation phase and points to strong potential for future growth, according to the report.
The valuation for Ethereum (ETH) is sitting at -0.40, which suggests that ETH remains undervalued relative to its price zones.
Solana (SOL) also caught the attention of MarktQuant, which set an intra-cycle valuation score of -0.78. According to the firm’s systems, this suggests that SOL is slightly undervalued and points to a potential price increase.
MarktQuant’s analysis shows that the ETHBTC pair is slightly undervalued with a score of -0.59. This undervaluation could indicate relative strength for ETH in the coming periods.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
State Street Advisor Highlights Bitcoin’s Threat to Gold’s Stability
BREAKING: MicroStrategy Buys 55,500 BTC Worth $5.4 Billion
Sony is supposedly working on a handheld PlayStation console to support PS5 games
Share link:In this post: A Bloomberg report suggested that Sony is working on a handheld PlayStation console that will support PS5 games. The report suggested the possibility of the device being years away from launch. Nintendo is currently the only console with a handheld device and will launch its successor next year, while Microsoft is also working on its handheld console.
UK plans to integrate crypto with traditional finance
Share link:In this post: The UK government is pushing for the integration of traditional finance and crypto assets. Bank of England and the Financial Conduct Authority launched the Digital Securities Sandbox. A Digital Assets Bill was also added to the UK Parliament.
Trending news
MoreCrypto prices
More
