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) that have more than 200 days of market historical data. We also included EOS as its been performing well the past week.
Mayer Multiple: Bitcoin (CMC Rank #1)
The current Mayer Multiple is 1.26.
The Mayer Multiple has increased from 1.25 last week to 1.26.
The average value over Bitcoin’s trading history is 1.43.
Historically, the Mayer Multiple has been higher than today’s value 40.55% of the time.
Mayer Multiple: Ethereum (CMC Rank #2)
The current Mayer Multiple is 1.81.
The Mayer Multiple has increased from 1.61 last week to 1.81.
The average value over Ethereum's trading history is 1.47.
Historically, the Mayer Multiple has been higher than today’s value 22.72% of the time.
Mayer Multiple: Ripple (CMC Rank #3)
The current Mayer Multiple is 1.28.
The Mayer Multiple has increased from 1.22 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 19.64% of the time.
Mayer Multiple: Chainlink (CMC Rank #6)
The current Mayer Multiple is 2.51.
The Mayer Multiple has decreased from 2.62 last week to 2.51.
The average value over Chainlink's trading history is 1.62.
Historically, the Mayer Multiple has been higher than today’s value 10.87% of the time.
Mayer Multiple: Bitcoin Cash (CMC Rank #7)
The current Mayer Multiple is 1.03.
The Mayer Multiple has increased from 1.01 last week to 1.03.
The average value over Bitcoin Cash's trading history is 0.87.
Historically, the Mayer Multiple has been higher than today’s value 28.60% of the time.
Mayer Multiple: EOS (CMC Rank #13)
The current Mayer Multiple is 1.09.
The Mayer Multiple has increased from 1.04 last week to 1.09.
The average value over EOS's trading history is 1.03.
Historically, the Mayer Multiple has been higher than today’s value 30.60% of the time.
Market Summary 8/27 - 9/2
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.
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