The curious case of NMR's totally organic, not-at-all-suspicious 300% pump
- NMR's 300% pump over the last 3 months leaves a trail of curious market-making activity, pump and dump groups and potential frontrunning
- Metrics used: trading volume, daily active addresses, network growth, transaction volume, exchange inflow, top holders, top transfers
It’s been a tough few months for cryptocurrency and traditional markets alike, but you couldn’t tell from looking at Numeraire’s (NMR) price chart.
NMR has been on an unparalleled 3-month tear, currently sitting on a mouth-watering +306.5% gained over the last 90 days alone.
Perhaps even more interesting is the fact that a coin with just over $1,000,000 in daily trading volume managed to sustain a 3-month rally while also successfully decoupling from Bitcoin’s own price action - a feat rarely accomplished by even the top-cap digital assets:
There’s more of this Insight
Choose your subscription plan
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:WAVES crowd sentiment patternMATIC charts a new ATH: is the top in?ICX insanity. How far could it go?
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!