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more from that month
Mayer Multiple Weekly Market Report 8/20 - 8/26
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. https://www.publish0x.com/mercurial9/mayer-multiple-indicator-to-call-tops-and-bottoms-xolylpj 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: https://hive.blog/@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
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