Insights Pulse Insights

Jun 13

Flow is the NFT Project Seeing the Most Notable Development Over the Past 30 Days! 13-06-24, 15:53

🧑‍💻 Here are crypto's top NFT-related coins by notable development activity in the past 30 days. This list is compiled by counting any non-redundant github activity of each project. Flow has overtaken Decentraland for the #1 spot after the projects were flipped in last month's update:


📈1) Flow $FLOW 🥇

📉2) Decentraland $MANA 🥈

➡️3) Metaplex $MPLX 🥉

📈4) Axie Infinity $AXS

📉5) Enjin $ENJ

📉6) The Sandbox $SAND

📉7) Aavegotchi $GHST

📈8) Bounce $AUCTION

📈9) Punk $PUNK

📈10) Nftx Hashmasks Index $MASK


Check out our NFT watchlist here to track development activity fluctuations, and see which are flashing on-chain or social bullish signals.


Read our latest writeup on the Santiment methodology for pulling github activity data from project repositories, and why it is so useful for #crypto trading.

Jan 11

Status & Chainlink are the Top Developed ERC-20 Assets Over the Past 30 Days! 11-01-24, 23:23

🧑‍💻 Top 10 #ERC20 #crypto assets by notable #github activity, past 30 days:

1 Status $SNT
2 Chainlink $LINK
3 Ethereum $ETH
4 Decentraland $MANA
5 Vega Protocol $VEGA
6 Audius $AUDIO
7 Mask Network $MASK
8 Wrapped Nine Chronicles $WNCG
9 dYdX $DYDX
10 Radix $EXRD

#Ethereum-based projects were some of the bigger beneficiaries in market cap growth following the #SEC's 11 #ETF approvals yesterday. Read our recap all about why development activity is such an important element for optimizing your portfolio here!

Nov 29

What Assets are Developing Most Quickly in the NFT Space? 29-11-23, 18:24


🧑‍💻 With markets rising over the past couple of months, there has been a bit of renewed crowd interest revolving around NFT's. Below are the top 10 NFT-related projects, according to our algorithm that calculates notable development activity:

1 Flow $FLOW
2 Decentraland $MANA
3 Enjin $ENJ
4 Axie Infinity $AXS
5 The Sandbox $SAND
6 Yield Protocol $DYP
7 Monaverse $MONA
8 Bounce Finance $AUCTION
9 Aavegotchi $GHST
10 Alien Worlds $TLM


Check out Santiment's methodology for pulling #github activity data from project repositories, and why it is so useful for #crypto trading.

Enjoy a free 1-week trial to Sanbase PRO to enjoy a big edge in your trading. 👇

Jan 18

If you hold APE, MANA or SAND... 18-01-23, 09:00

An assessment of the profitability of leading metaverse tokens Apecoin [APE], Decentraland [MANA], and The SandBox [SAND] revealed that only APE holders have turned a profit so far this year.

The MVRV ratio for APE is currently positive at 15.81% and is trending upward, while the MVRV ratios for MANA and SAND are both negative at -59.77% and -33.31%, respectively, making them undervalued.


A coin is considered undervalued when the MVRV ratio is below 1, meaning that the current market capitalization is less than the total value of all coins that have been realized. In this case, if an investor sells MANA and SAND at their current market prices, he will realize losses on his investments.


Twitter: @AO15U

Nov 1

Apr 27

Five Fundamentally Sound Altcoins Based on High Address Activity, Low Deposit Levels 27-04-21, 06:40


We love to look at different ways to gauge which assets may be under the radar and ready to pump. At the time of this writing, altcoins are pumping hard against Bitcoin once again, just a few days after a market-wide dump that saw retracements all over the map.


For this list, we've put together five charts that show a rising gap between overall daily address activity (high orange lines are generally a good sign), and daily active deposits (low pink lines are generally a good sign).


Ethereum ($ETH) - #2 Market Cap Asset


Maker ($MKR) - #35 Market Cap Asset


Enjin Coin ($ENJ) - #57 Market Cap Asset


Decentraland ($MANA) - #59 Market Cap Asset


Basic Attention Token ($BAT) - #66 Market Cap Asset

Apr 5

Active Addresses vs. Active Deposits - Which Assets are Seeing Nice Upticks? 5-04-21, 07:04


We recently posted about Ethereum's return above $2,000 this past week, and our explanation on one of the key contributors to why.



When active addresses move up over time for a crypto asset, while active deposits move down, it's a reliable indication of a token seeing growing utility without funds moving to exchanges for potential sell-offs. In other words, this is a very bullish pattern our pro traders look for often.


Our new Daily Active Deposits & Non-Deposit Activity Sansheets Model easily identifies which assets are developing patterns similar to Ethereum's. Here's a snapshot of which activity vs. deposit ratios are rising vs. their 3-month resting averages:


Here are some of the largest bullish divergences, according to this model. We look for high green bars (indicating large activity/deposit ratios), and large green dots on the above model, and rising orange lines on Sanbase here:


Skale ($SKL)



Enjin Coin ($ENJ)



Decentraland ($MANA)



Matic ($MATIC)



Sentivate ($SNTVT)




Mar 15

Mar 5

Whale Accumulation - Which Projects are Seeing More Major Holders? 5-03-21, 02:03


Taking a look at our Whale Holders Distribution model, we're seeing some interesting trends with where major holders are accumulating funds. Let's review which coins are rising with more whales, and which are seeing their numbers drop off:


This Sansheets model above, available for our Sanbase PRO members, quickly lets us investigate which projects have seen the highest increase and decrease in whale numbers over the past week (indicated in blue).



More Whale Addresses


Yearn Finance ($YFI)

68 100+ $YFI addresses exist compared to 64 a week ago


Enjin ($ENJ)

91 1M+ $ENJ addresses exist compared to 84 a week ago


Crypto.com ($CRO)

2,521 10K+ $CRO addresses exist compared to 2,591 a week ago


Less Whale Addresses


Matic ($MATIC)

30 10M+ $MATIC addresses exist compared to 32 a week ago


Decentraland ($MANA)

551 100K+ $MANA addresses exist compared to 562 a week ago



Raiden ($RDN)

45 100K+ $RDN addresses exist compared to 51 a week ago

Feb 5

Four Assets With Exchange Movement You Should Watch on Santiment 5-02-21, 23:32

Generally, we can look at how a token's supply on exchanges is looking in order to help see cues that an asset can safely grow without large selloffs. The best opportunities generally arise through assets with declining supply on exchanges. Here are the two best, as well as two worst looking options that we're seeing from this metric's standpoint!


The Good


MKR


MANA


The Bad


OMG


RDN