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Decoding Ethereum’s Pulse: A Deep Dive into the MVRV Z-Score

The Formula

[ MVRV Z-Score = \frac(Market Cap - Realized Cap)Standard Deviation (Market Cap) ]

If the neighborhood’s Zillow estimate doubles while most owners bought five years ago, there is massive unrealized profit (and potential selling pressure). If the Zillow estimate crashes below the original purchase prices, there is panic (and potential capitulation).

  • May 2021 Peak: The Z-score spiked above 6. Ethereum crashed shortly after.
  • The "Re-accumulation" Dip: During the summer of 2021, the Z-score dropped back down to ~2. This told investors the risk was reset, even though price action looked shaky.
  • November 2021 Peak: The Z-score again approached 6. Once again, Ethereum topped out.
  • Implication: The probability of a sell-off to realize gains is extremely high.
  • Historical Context: The Z-score breached this level during the peaks of 2018 and 2021, marking the exact moments to take profit before significant crashes.

How is MVRV Z-Score calculated?

It answers one simple yet profound question: Relative to what people paid for their ETH, what are they willing to sell it for today?

The current price of ETH multiplied by the total supply in circulation. Realized Capitalization (Realized Value):

Ethereum Mvrv Z-score

Decoding Ethereum’s Pulse: A Deep Dive into the MVRV Z-Score

The Formula

[ MVRV Z-Score = \frac(Market Cap - Realized Cap)Standard Deviation (Market Cap) ] Ethereum Mvrv Z-score

If the neighborhood’s Zillow estimate doubles while most owners bought five years ago, there is massive unrealized profit (and potential selling pressure). If the Zillow estimate crashes below the original purchase prices, there is panic (and potential capitulation). Decoding Ethereum’s Pulse: A Deep Dive into the

  • May 2021 Peak: The Z-score spiked above 6. Ethereum crashed shortly after.
  • The "Re-accumulation" Dip: During the summer of 2021, the Z-score dropped back down to ~2. This told investors the risk was reset, even though price action looked shaky.
  • November 2021 Peak: The Z-score again approached 6. Once again, Ethereum topped out.
  • Implication: The probability of a sell-off to realize gains is extremely high.
  • Historical Context: The Z-score breached this level during the peaks of 2018 and 2021, marking the exact moments to take profit before significant crashes.

How is MVRV Z-Score calculated?

It answers one simple yet profound question: Relative to what people paid for their ETH, what are they willing to sell it for today? May 2021 Peak: The Z-score spiked above 6

The current price of ETH multiplied by the total supply in circulation. Realized Capitalization (Realized Value):

What’s New

Ethereum Mvrv Z-score

January
30

News

DUALL Master Attendance +, mobile access system that prevents Attendance Fraud

Mobile Access System Prevents Attendance FraudKona I, First to Implement DUALL Master Attendance Management PlusKona I, previously using the DUALL Master access control system, has become the first customer to implement Attendance Plus, the newly developed expansion option for DUALL MASTER.We introduce the background and key features of integrating access control and attendance management into a single system.                                                                                            [Kona I Headquarter]Many companies face a common problem when operating access control systems.Employee access records are stored in the security system, but attendance management is often managed in a separate system or Excel spreadsheet.Kona I faced the same problem. While DUALL Master effectively managed access control, attendance management was being implemented as a separate process.What\'s the Difference Between Attendance Plus and regular Time Attendance?Key Features1. Prevent attendance fraud• Seperate setting option -  entry / attendance verification: Employee ID cards  can be used for entry, but attendance verification can be configured to only be performed on a single, authenticated mobile device.2. Selecting attendance management group among those access control group• Designate only employees requiring attendance management among all access personnel.• Manage employees, part-time workers, partners, and visitors separately3. Bulk Work Schedule Management• Batch assign work schedules by employee and department. • Minimize repetitive tasks by setting work pattern templates. • Requests for field work/training/work from home are automatically approved.4. Vacation Management System• Create vacation groups and types (annual leave, half-day leave, sick leave, family events, etc.).• Individually configure approval levels and reasons for each vacation group.• Manage annual and special leave accruals and remaining days for each employee.• Real-time check-in and check-out history. Employees and organization managers can apply for and approve vacations on the go using the mobile app.5. Real-time Attendance Management• Automatic attendance check based on entry/exit records.• Configure access and attendance options by security level.• Automatically count late arrivals, early departures, and absences.• Dept.-level work status dashboard.6. Integrated management of attendance-related reports.•Work Schedule Automatically calculates deemed work after requesting and approving modifications (e.g., field work, training, working from home), and separate calculations for overtime, night work, and holiday work.Why a single system?Integrating access control and attendance management offers several benefits.                                                                         [Mobile App - Check-in with Dynamic QR]Improved Data AccuracyEntry and attendance records become attendance records, eliminating the need for manual entry or separate verification. Data errors and omissions are eliminated.Furthermore, since all entry and exit records are stored in the access system, any requests for attendance modifications can be verified within the system.Improved Management EfficiencyThe HR team no longer needs to navigate through multiple systems to verify and organize data. All information, from entry and exit to attendance, can be viewed on a single screen.Improved Employee ConvenienceEmployees simply use their card or facial recognition to enter and exit as usual. There\'s no need to separately clock in and out or access the attendance system.The mobile app, scheduled for an update this month, allows you to conveniently manage attendance recognition, vacation/half-day leave, and field work requests and approvals all from a single app.You can request and approve requests anytime, even on the go.                       [Mobile App - Leave Request /  Approval Management / Request Inquiry Screen]Cost SavingsThere\'s no need to install new terminals or build a separate system. This is because it leverages existing access control infrastructure while simply expanding functionality.The DUALL Master Attendance Management Plug-in is particularly suitable for the following companies:• Companies that want to manage access control and attendance in an integrated manner.• Workers requiring attendance management for 50 or more employees.• Companies with diverse work arrangements, such as field work and business trips.We plan to continuously improve functionality and develop an even more user-friendly attendance management solution based on feedback from leading companies like Kona I.• If you\'re already using an access control system (DUALL Master)    consider implementing the Attendance Management Plug-in. You can significantly improve attendance management efficiency without a large investment.• If you\'re using another access control system,       we recommend migrating to DUALL Master and implementing an integrated attendance management system.Inquiries and ConsultationIf you\'d like to learn more about DUALL Master Attendance + or discuss its suitability for your company, please contact us anytime.sales@duali.com  ___________________________________________________________________________________________________________________________________DUALL I specializes in integrated ID systems and mobile/NFC-based payment terminals and solutions.DUALL Master is a service brand that provides integrated ID solutions for access control, attendance management, and meal management.

November
07

News

DUALi Wins Hanwha Ocean's Shipyard Canteen Management System

DUALi Wins Hanwha Ocean\'s Shipyard Upgrade Canteen Management System                                                                                                   [Hanhwa shipyard] source : Hanhwa Webpage   This large-scale project involves installing 116 state-of-the-art  Android terminals in 27 cafeteriasserving over 10,000 employees, clients, and visitors at Hanwha Ocean\'s Geoje Shipyard.   This project will upgrade the system to support various dining options, including employee ID cards, mobile apps, and PAYCO. The entire dining and payment system is scheduled to be developed and delivered by the first half of 2026.   HD Hyundai /Hyndai Mipo Success Story Leads to Hanwha Ocean Contract    The company\'s proven technological prowess and reliability from these previous projects are believed to have led to its award for this Hanwha Ocean project.   Project Scale   System Scope : Employee/Administrator/Partner Web, Mobile App, Middleware, Payco Integration for Visitors Users: 10,000+ employees and external partner employees Main Implementation Contents 1. Installation of  high-performance  Terminals (iTOUCH30A)   l  116  terminals deployed across 27 restaurantsl  Supports both employee ID Card /mobile app QR code scanningl  Minimizes waiting times with fast and accurate meal processing 2. Integrated Canteen Management System  l  Menu management and real-time updates for each restaurantl  Sets unit prices for each meal and automatically calculates theml  Mealtime statistics and reporting functions 3. Internal/External Integration System  l  Fully integrated with Hanwha Ocean\'s in-house ERP system (Payroll/HR)l  Automatically transmits drinking water data to partners to prevent double entry and errorsl  Integrate with the 3rd Party app for visitors 4. User-centric Interface  l Employee mobile app: Menu inquiry, Meal record, objection submission, and lunch box requestl Administrator web /App : Menu Management, Statistical Analysis, Settlement Managementl Partner-specific menus and cost structures, trend analysis through monthly/day-of-the-week/menu-specific monitoring  DUALi  has established a unique position in the shipbuilding industry\'s Canteen management market, winning numerous contracts for Canteen management systems from major domestic shipbuilders.   Shipyards are large-scale operations with tens of thousands of employees and partner personnel working in shifts, requiring complex drinking water management and accurate accounting systems. Dual-I is recognized for its thorough understanding of the unique characteristics of the shipbuilding industry and its technological prowess in providing customized solutions.                                                                           [DUALi reference /HD Hyndai, Hyundai Mipo] \"Gaining Market Trust with Proven Technology\"   A DUALi  representative stated, \"We are delighted to have won the contract for the Hanwha Ocean Canteen , a massive project. This demonstrates that our proven technology and reliability in large-scale shipyard environments are recognized in the market. We will contribute to Hanwha Ocean\'s innovation in Canteen management by establishing a state-of-the-art system by the first half of 2026.\"   This project win for DUALi  demonstrates the company\'s expansion from an access control specialist to an integrated smart solutions provider, and it anticipates securing more large-scale projects in the future. [ About DUALi ] DUALi offers a security platform that integrates access/attendance/canteen/visitor management systems, as well as a Secure payment terminal/POS business unit. It has extensive experience in public institutions, the national defense industry, hospitals, and corporations. 

August
21

News

[Secutech Vietnam 2024] DUALi present e-ID (CCCD) reader and visitor management system

DUALi presented its lineup of Vietnamese e-ID (CCCD) readers & its solution DUALL Master that utilizes e-ID data for easy entry and visitor systems @Secutech Vietnam last week.DQ-Combo and DQ-Combo Smart introduced this time are equipped with a new module that supports high-density QR of up to 130 characters, also applies optimized NFC recognition timing to enable fast and stable reading of electronic citizenship cards.These two products target the Vietnamese market, which is rapidly expanding by recently distributing integrated electronic citizenship cards (CCCD)DUALi\'s products have already been applied to our own system The system’s compatibility & stability have been verified through collaboration with the local DUALi Vietnam.DQ-Combo series is fully integrated with this system, and can be used with existing credentials such as RF cards, Mobile employee IDs, fingerprint or facial recognition access terminals, etc. DUALL Master provides customized solutions such as security access control, attendance management, visitor/conference solutions, as well as canteen management systems and vehicle recognition systems.  For more information about DUALi\'s DQ-Combo &DQ-Combo Smart products and DUALL Master, please visit the official website.Product Information linkDQ-ComboSecurity Platform linkDUALL MasterSend inquiry sales@duali.com
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