OHM as a proxy of general speculation level

Assets covered: Olympus (OHM)

Metrics used: Social Volume, Transaction Volume, Network Growth, Active Addresses

OHM is important to analyse as it represents the crowd mood almost perfectly at the current stage. Was quite pumped and hyped. +500% since August to October. And back to where it started from October to December.

We think that a strong negative crowd sentiment on OHM could indicate an 'ape market' possible beginning.

Social volume has been increasing since November:

Transaction volume pointing to increased onchain activity in mid-December:

Network growth shows OHM doesn't see any signs of 'new blood' inflow:

And all the increased activity and strong movements like around December 14th could be explained to Olympus V2 migration:

And the crowd is NOT aping into OHM as we can see on declining Active Addresses chart:

Anyway, despite the 'migration', we could say that OHM is in a good position right now in terms of risk/rewards ratio. And, once again, a strong negative crowd sentiment on OHM could indicate an 'ape market' possible beginning.

BTW. Do you know how many forks Olympus has? 68.

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.