Bitcoin, Ethereum Lack Volumes To Justify Caps, Says Santiment

Data from Santiment reveals both Bitcoin and Ethereum currently lack the trading volumes to justify their market caps.
Bitcoin And Ethereum NVT Ratios Are Both Bearish Right Now
According to the on-chain analytics firm Santiment, both the bitcoin and ethereum networks will need to see a pickup in activity this year. The relevant indicator here is the “Network Value to Transaction” (NVT) ratio, which measures the ratio between the market cap of any crypto and its transaction activity.