Finding the Hot Networks While Times are Uncertain
The flat markets have, at this point, impacted even some of the most patient traders and investors out there. But while you've been hodling on to your dear lives, many professional traders out there are capitalizing on the projects that are being overlooked.
And if you want to keep up with which projects may be mathematically most likely to pop next, look no further than Santiment's recently introduced Asset Activity Matrix, which you can make a copy of and plug in your Sanbase API to get real-time data for approximately 175 projects.
With my own version, I'm looking for projects that have plenty of recent red boxes. I've set any top 5 days (based on the past 90) for some of Santiment's most useful metrics. On the other end of the spectrum, bottom 5 days are colored in blue, showing that those networks are particularly inactive (and probably best to be avoided):
Sometimes, networks are simply extra active due to a big price run recently. But the extra juicy opportunities lie with projects that maybe haven't seen any special price decouplings recently, yet have a surge in network growth, or whale transactions and accumulation.
Regardless, here are a few projects that are, at minimum, likely to have some increased volatility due to extra activity that hasn't existed on their respective networks in quite some time:
- Bancor ($BNT): High Transaction Volume, Active Addresses, Network Growth, Whale Transactions, Exchange Inflow, Age Destroyed (Consumed)
- Cartesi ($CTSI): High Transaction Volume, Active Addresses, Whale Transactions, Age Destroyed (Consumed)
- Holo ($HOT): High Whale Transactions, $100K-$1M Whale Accumulation, Exchange Inflow, Age Destroyed (Consumed)
- Powerpool ($CVP): High Active Addresses, Network Growth, $100K-$1M Whale Accumulation, Age Destroyed (Consumed)
- Storj ($STORJ): High Transaction Volume, Active Addresses, Network Growth, Whale Accumulation, Age Destroyed (Consumed)
- Unilend ($UFT): High Transaction Volume, Active Addresses, Network Growth, Whale Transactions, $100K-$1M Whale Accumulation, Exchange Inflow
It appears that 4 out of these 6 highlighted projects are likely getting hot network activity BECAUSE of the price pump. For the other 2, there are no guarantees that a pump is around the corner. But make your own assessments, research these and the many other projects that show similar hot network activity on this model in weeks to come, and we hope this makes things easier for you to put together your ideal portfolio!
-----
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.
Thanks for reading!
If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!
Never miss a post from brianq!
Get 'early bird' alerts for new insights from this author
Conversations (0)