Assets With Major Dormant Token Movement During the Market Volatility

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brianq
Dec 6, 2021


At the time of this writing, the vast majority of cryptocurrency assets have slid at least -20% over the past week. With this type of price movement on the tail-end of a mostly stellar 2021 comes a high degree of price polarization.


When price polarization exists, we look for the projects out there that are beginning to heat up with dormant tokens being moved away from long-standing addresses. While many coins stay stagnant during price volatility, those that show movement on Santiment's Mean Dollar Invested Age charts can foreshadow a healthy potential turnaround for those coins, in particular, when markets begin looking bullish again.


Take a look at the last six years of Bitcoin's Mean Dollar Invested Age metric (pink line). Notice how major bull runs tend to begin when the average age of investments begins to fall, highlighted by the green zones. And alternatively, note how Bitcoin's price becomes very volatile when there is a long-term rise happening on this Mean Dollar Invested Age metric, highlighted by the red zone:


When we see these major movements in mean dollar invested age in one general direction, we can clearly use this as a validation of where prices should be heading next. With this said, we've highlighted six assets that are showing signs of major dormant investments moving addresses and circulating tokens at a healthy degree. Let's take a look:


XRP Network ($XRP): -6.6 Day Mean Dollar Invested Age DECLINE in Past 30 Days

Crypto.com ($CRO): -33.7 Day Mean Dollar Invested Age DECLINE in Past 30 Days

Litecoin ($LTC): -5.6 Day Mean Dollar Invested Age DECLINE in Past 30 Days

Decentraland ($MANA): -109.7 Day Mean Dollar Invested Age DECLINE in Past 5 Weeks

FTX Token ($FTT): -18.1 Day Mean Dollar Invested Age DECLINE in Past 30 Days

The Sandbox ($SAND): -80.1 Day Mean Dollar Invested Age DECLINE in Past 5 Weeks


Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.

XRPLTCMANASANDFTT
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brianq
Dec 6, 2021

Thanks for reading!

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Assets from this insight

Crypto.com Coin logo

Crypto.com CoinCRO

$ 0.401759

4.38%in last 7d
Ripple logo

RippleXRP

$ 0.607216

14.29%in last 7d
Litecoin logo

LitecoinLTC

$ 107.21

14.80%in last 7d
Decentraland logo

DecentralandMANA

$ 2.27

11.08%in last 7d
The Sandbox logo

The SandboxSAND

$ 3.48

8.25%in last 7d
FTX Token logo

FTX TokenFTT

$ 38.33

12.72%in last 7d