Chainlink’s Network Value to Transaction (NVT) ratio exhibited a decrease of 34% in the last 24 hours.
It shows a significant uptick in transaction volume relative to its market cap. This recent change has brought the NVT ratio down to approximately 90, from earlier values hovering around 120 to 130 in January.
Despite this, LINK’s price remains relatively flat, stagnating around the $18 mark.
This decrease in the NVT ratio, typically interpreted as the network being undervalued, suggests that Chainlink price is more actively utilized than it currently reflects.
Historically, such a scenario indicates a robust transactional utility that isn’t yet priced into the market valuation.
LINK NVT Ratio | Source: IntoTheBlock
The price line, which has seen little movement upward despite increased transaction volumes, could be primed for a correction.
As the NVT ratio continues to drop, indicating sustained or growing utility relative to the market cap, there could be pote
We współpracy z: https://www.thecoinrepublic.com/2025/02/15/chainlinks-nvt-ratio-dropping-has-link-found-the-bottom-now/
