This is because its MVRV ratio is currently at 15.81%, much higher than the negative ratios of -59.77% and -33.31% for MANA and SAND, respectively. This indicates that the current market capitalization of APE is greater than the total value of all coins that have been realized, while the market capitalization of both MANA and SAND is less than the total value of all coins that have been realized.
Therefore, it is safe to say that the APE coin is currently overvalued in comparison to MANA and SAND coins, making it a better investment for those looking to realize profits from their investments.
It is also important to note that the MVRV ratio for APE is trending upwards, suggesting that the coin may continue to become more overvalued in the future. This could mean higher profits for investors who continue to hold onto the APE coin for longer. However, investors should be aware that this could also lead to a crash in the coin’s
While are still profitable investments, those holding MANA and SAND have not seen the same returns as those investing in APE. Over the past year, MANA and SAND have both experienced losses, with MANA plummeting by 60% and SAND declining by 33%.
At the time of writing APE/USD is currently trading at $4.62, with a market capitalization of $1.66 billion and a 24-hour trading volume of $154 million. This makes APE one of the most valuable coins in the market, second only to Ethereum and Bitcoin. As such, investors should be aware of the potential risks associated with investing in APE, as well as the potential rewards.
APE, on the other hand, has seen returns of 16%, making it a much more attractive option for those looking to invest in altcoins. If you are still interested in investing in cryptocurrencies, but have seen losses with the other altcoins, consider reallocating your portfolio and looking into APE. It is still showing signs of strength and could be a smart option for now.
Conclusion
In conclusion, it is clear that APE has been the most profitable coin among the three in terms of returns and MVRV ratios, making it the best choice for investors looking to make money in the cryptocurrency space.
Those who held MANA and SAND should consider reallocating their portfolio and looking into APE as it is still showing signs of strength. However, only time will tell if this coin continues to rise in value or if it crashes, so investors should always be aware of the risks before investing in any cryptocurrency.
