📈 Altcoins like Ethereum Name Service (ENS) and Treasure (MAGIC) have erupted in network growth over the past 24 hours, surpassing major milestones. Historically, when projects see these spikes while at a flat price performance, there is an increased chance of a breakout.

📊 According to mid-term average returns of each wallet across nearly all altcoins, traders are well under water. The @santimentfeed Mean Value to Realized Value (MVRV) model shows mathematically viable entry points for BAT, CHR, and HIGH. Meanwhile, ENS, OM, and RSR are projects you may want to consider patiently awaiting for better times where traders haven't already outperformed markets.

📈 Pepe, Fetch.AI, and Ethereum Name Service all have one thing in common - sudden huge spikes in network growth. When coins see a surge in new addresses being created, it is often related to FOMO because of climbing prices (like with ENS), or a potential breakout.

📊 #Altcoins are creating separation from one another as market polarity continues after last week's big news:

Net. Growth Risers (3 weeks):
📈 $ETH +6%
📈 $ENS +124%
📈 $T +195%

Net. Growth Fallers (3 weeks):
📉 $ENJ -32%
📉 $BAT -42%

📉 $APE -23%

Check out the chart, and compare your own favorite projects!

📺 More than 5 days have now passed since the #SEC changed the trajectory & landscape of #crypto by approving 11 Spot #ETF's. Our fresh new video covers #altcoins with the hottest network activity, which may be foreshadowing upcoming trading opportunities.

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ICYMI, Ethereum Name Service launched a brand new DAO and airdropped $500m+ worth of its new governance token (ENS).

The amount of unique addresses interacting with ENS soared in the past 36 hours, peaking at just over 47000 earlier today:

The surge in network activity is prompted by addresses claiming ENS - the 'normal' address activity will likely be much more modest (few 1000s if I had to guess).

There's already been a concerted dumping effort marked by a strong uptick in active deposits and exchange inflow in early morning hrs:

The dumpage coincided with a local top, but the price recovered (and charted a new ATH) a few hours later.

As long as users are taking profits and showing concerns about ENS' price momentum, the rally has a chance. Once overconfidence hits (it will look like low deposit and exchange activity while ENS pumps), a correction may be near.

Stay safe out there.