CandleFocus Crucial Metric Confirms XRP and Dogecoin Bull Market Is Still Early Despite This Week’s Crypto Downturn
2024-12-11
Author: Content Editor
Market intelligence platform Santiment has highlighted the Mean Dollar Invested Age (MDIA) metric, which suggests that both XRP and Dogecoin still have room for growth. The MDIA reflects the average age of all invested dollars in a particular asset, and a declining MDIA indicates renewed investor activity and market optimism. Santiment's data shows that XRP's MDIA has decreased by 22% over the past 14 weeks, while Dogecoin's has dropped by 31% in eight weeks. These downward trends in MDIA typically occur in bull markets and indicate that the bull run is still intact. Ripple's upcoming launch of its RLUSD stablecoin has contributed to a rebound in XRP's price, and an analyst predicts that XRP will outperform other assets in the coming months. Meanwhile, Dogecoin's consolidation phase is expected to conclude within ten days, potentially setting the stage for a rally to its all-time high.
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