Bitcoin and Ethereum On-Chain Valuation Metrics: NVT Ratio, MVRV Z-Score, and Puell Multiple for Informed Trading Decisions
Introduction: Why On-Chain Metrics Matter
Bitcoin and Ethereum dominate the cryptocurrency market, yet their prices often swing wildly beyond what traditional valuation models can justify. On-chain data offers traders an objective view of network activity that price charts alone cannot reveal. By examining metrics such as the Network Value to