{"id":133915,"date":"2024-07-24T14:15:25","date_gmt":"2024-07-24T11:15:25","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133915"},"modified":"2024-07-24T13:44:57","modified_gmt":"2024-07-24T10:44:57","slug":"bitcoin-cash-undervalued-yet-traders-remain-skeptical","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-cash-undervalued-yet-traders-remain-skeptical\/","title":{"rendered":"Bitcoin Cash: Undervalued Yet Traders Remain Skeptical"},"content":{"rendered":"<p>Despite this downturn, recent data suggests <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin-cash\/\">BCH<\/a><\/strong> might be undervalued at its current price, potentially offering a buying opportunity for traders.<\/p>\n<p>The coin\u2019s Market Value to Realized Value (MVRV) ratio indicates BCH is priced below its historical cost basis. Specifically, BCH&#8217;s MVRV ratios for the 30-day and 365-day averages are -3.07% and -11.15%, respectively.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/?attachment_id=133918\" rel=\"attachment wp-att-133918\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-133918\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/Bitcoin-Cash-BCH-08.33.09-24-Jul-2024-1536x520.png.webp\" alt=\"\" width=\"1536\" height=\"520\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/Bitcoin-Cash-BCH-08.33.09-24-Jul-2024-1536x520.png.webp 1536w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/Bitcoin-Cash-BCH-08.33.09-24-Jul-2024-1536x520.png-300x102.webp 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/Bitcoin-Cash-BCH-08.33.09-24-Jul-2024-1536x520.png-1024x347.webp 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/Bitcoin-Cash-BCH-08.33.09-24-Jul-2024-1536x520.png-768x260.webp 768w\" sizes=\"auto, (max-width: 1536px) 100vw, 1536px\" \/><\/a><\/p>\n<p>A negative MVRV ratio signals that BCH\u2019s market value is less than the average price paid by investors, suggesting it could be a good buy.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/should-we-expect-a-spot-xrp-etf-in-the-united-states\/\" title=\"Should We Expect a Spot XRP ETF in the United States?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/03\/xrpppp-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Should We Expect a Spot XRP ETF in the United States?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>However, BCH futures traders remain cautious. The negative funding rate of -0.02% since early July reflects a stronger preference for short positions, indicating bearish sentiment among traders who anticipate further price declines.<\/p>\n<p>BCH\u2019s recent fall below its 20-day exponential moving average (EMA) suggests a potential continued drop. This trend could push BCH\u2019s price down to a six-month low of $286 if selling pressure persists.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Cash (BCH) has seen a steady decrease in value recently, currently trading at $373 &#8211; a 2.4% drop in the past 24 hours.<\/p>\n","protected":false},"author":3,"featured_media":25480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-133915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Cash: Undervalued Yet Traders Remain Skeptical<\/title>\n<meta name=\"description\" content=\"Bitcoin Cash (BCH) has seen a steady decrease in value recently, currently trading at $373 - 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