Bancor: a powerful MVRV tension might push it higher

Assets covered: Bancor BNT

Metrics used: MVRV, Price DAA Divergence, Daily Active Addresses, Exchange Inflow, Supply on exchanges, Amount held by top non exchange addresses, Development Activity, Transaction volume, Network Growth, Token Velocity.

Summary: Bancor is showing a bunch of positive signs starting from extremely 'underbought' MVRV values and all time high development activity. Looks good indeed despite fading Network Growth and Token Velocity.

Making predictions on Election day is going to be a full's game.

Stepping away from this key topic we stumbled upon a 'top buy opportunity' pick highlighted on Santiment MVRV model - Bancor:

Source: Sansheets

Simply speaking BNT tokens looking now heavily underbought according to MVRV metrics.

What are other metrics showing? Any confirmations? Any opposite? Let's see.

Good signs

1. MVRV itself

A short term 30d MVRV is sitting at around -40% value, which has

There’s more of this Insight

Choose your subscription plan

Sanbase PRO
Unlock all PRO insights

Years of market experience, compressed in each report

Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.

Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.

Our previous TOP calls:
insight card
signal form

What you get with Sanbase Pro:

  • Members-only daily market insights and analysis
  • 30+ on-chain, social & project indicators for 900 cryptocurrencies
  • Custom alerts for the coins' price, on-chain & social trends
  • Santiment Spreadsheet plugin with 10+ pre-made market templates
  • Personalized asset watchlists and weekly performance reports

Gain unfair advantage with Sanbase Pro

Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!