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Rhino Roundup #007
How to Spot Cheap Bitcoin Prices
Welcome to Rhino Roundup, your weekly dose of industry news, platform updates, educational content, and fun memes in the world of Bitcoin and Rhino. Our aim? To inform, entertain, and spark thought in 5 minutes or less.
In this week's issue:
📊 How to tell when Bitcoin is cheap - Understanding MVRV
Rhino Standout Feature of the Week
No one likes seeing one price for Bitcoin on an exchange and then paying a higher one when ready to buy. At Rhino, we ensure full asset security, narrower spreads, and lower fees when you trade Bitcoin.
Connect with the Team
This week, COO Hector Alvero cohosted an X space with Tracy Elliott featuring Captain Sid, Founder of Ride of Passage. This motorcycle tour is made to develop the mindset you need to build a freer, happier life. You can find their conversation journeys of self-discovery and leveraging the power of the unknown here.
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Our Latest Post
What is the MVRV Ratio?
The Bitcoin “MVRV” ratio stands for Market Value to Realized Value.
Here is how it works:
Market Value (MV): The current price of a bitcoin multiplied by the total circulating supply.
Realized Value (RV): The value of bitcoin based on the price at which each bitcoin was last moved or transacted.
MVRV Ratio Explained
When the Bitcoin MVRV ratio is:
Greater than 1: It suggests that bitcoin may be overvalued.
Less than 1: It indicates that bitcoin might be undervalued.
Find out more in the Rhino blog!
Meme of the Week
#Bitcoin is in the hands of the plebs! 🙌
— Rhino Bitcoin App (@RhinoBTCapp)
11:00 AM • Jun 7, 2024