Market overview of the cryptocurrency markets focusing Mayer Multiple metrics for the past week.
Market Overview
The market analysis is based on the CoinMarketCap (CMC) top 5 cryptocurrencies (excluding Tether). This week we also included a cryptocurrency coin that has been performing very well the past week.
Mayer Multiple: Bitcoin (CMC Rank #1)
The current Mayer Multiple is 1.27.
The Mayer Multiple has decreased from 1.32 last week to 1.27.
The average value over Bitcoin’s trading history is 1.43.
Historically, the Mayer Multiple has been higher than today’s value 39.57% of the time.
Mayer Multiple: Ethereum (CMC Rank #2)
The current Mayer Multiple is 1.63.
The Mayer Multiple has decreased from 1.80 last week to 1.63.
The average value over Ethereum's trading history is 1.47.
Historically, the Mayer Multiple has been higher than today’s value 28.16% of the time.
Mayer Multiple: Ripple (CMC Rank #3)
The current Mayer Multiple is 1.28.
The Mayer Multiple has decreased from 1.35 last week to 1.28.
The average value over Ripple's trading history is 1.29.
Historically, the Mayer Multiple has been higher than today’s value 10.08% of the time.
Mayer Multiple: Chainlink (CMC Rank #5)
The current Mayer Multiple is 2.77.
The Mayer Multiple has decreased from 3.13 last week to 2.77.
The average value over Chainlink's trading history is 1.59.
Historically, the Mayer Multiple has been higher than today’s value 32.29% of the time.
Mayer Multiple: Bitcoin Cash (CMC Rank #6)
The current Mayer Multiple is 1.04.
The Mayer Multiple has decreased from 1.10 last week to 1.04.
The average value over Bitcoin Cash's trading history is 0.87.
Historically, the Mayer Multiple has been higher than today’s value 7.15% of the time.
Mayer Multiple: OMG Network (CMC Rank #29)
The current Mayer Multiple is 4.10.
The Mayer Multiple has decreased from 4.76 last week to 4.10.
The average value over OMG Network's trading history is 0.87.
Historically, the Mayer Multiple has been higher than today’s value 6.27% of the time.
Market Summary 8/20 - 8/26
I hope you enjoyed this week's report. Please comment if you would like to me include a cryptocurrency coin for a future market report. To understand the fundamentals behind the Mayer Multiple, I wrote a detailed post (Mayer Multiple: Indicator to call tops & bottoms?) about it.
Thank you for reading and hope you have a good rest of the day!
I also post my content on the following platforms:
Publish0x: https://www.publish0x.com/@aftershock9?a=Vyb82ANmev
Hive: @mercurial9
Read.cash: https://read.cash/@merurial9
Uptrennd: https://www.uptrennd.com/user/mercurial9
Steempeak: https://steempeak.com/@mercurial9
Instagram: https://www.instagram.com/minimalistpixel/?hl=en
Pinterest: https://za.pinterest.com/minimalistpixel/boards/
Resources
https://coinmarketcap.com/
https://www.cryptocompare.com/
https://www.publish0x.com/mercurial9/mayer-multiple-indicator-to-call-tops-and-bottoms-xolylpj