MakerDAO (DAI) is breaking out. Can it continue? Where is the top?

Profile picture
balance
Oct 9, 2018

Maker DAO (MKR) shows most of the typical signs for "price explosion because of the crowd realisation


First, we've seen very healthy network activity and growth during the last month

Data from the Santiment "beta" dashboards. Deep dive into on-chain data


Second, there have been intensive "accumulation" phase lately. Based with the interesting observation of "capitulation" before this accumulation - this makes the picture even more appealing. See below.

On-chain data showing the in/outflows into the exchange wallets


To track and spot the possible top this "social search" could be used:

https://app.santiment.net/trends/explore/MKR%20OR%20DAI

Once we see the huge spike in "crowd interest" and, ideally, growing price on the falling "talking interest" - the top is in.

MKRDAI
Profile picture
balance
Oct 9, 2018

Thanks for reading!

If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!

0

Assets from this insight

Maker logo

MakerMKR

$ 588.50

3.78%in last 7d
Multi-collateral DAI logo

Multi-collateral DAIDAI

$ 1.02

0.89%in last 7d

Conversations (0)