UNI: The Pick of the Month
I am thrilled to announce that UNI has been selected as my pick of the month. My decision to choose this coin is based on compelling evidence that it has the potential to outperform the rest of the market even in the face of a downturn.
Let's dive into the metrics that have led me to this conclusion. To start, I've created a unique combination of MVRVs that shows we are still struggling to break through the 2.4 mark, pointing to a key level if it breaks above this level (high volatility ahead?Bullish momentum?). But hold on, the short term metric shows "expensive" conditions, yet not overbought - a warning to proceed with caution.
One of the most exciting indicators is the behavior of group holders of 10k-1M UNI, who have accumulated approximately 20% over the last year and appear to be buying even more. This displays a strong conviction in the project.
My personal favorite, the NRPL/price metric, still indicates coins being sold at a loss - a bullish signal.
Furthermore, the low social volume is a positive sign as it indicates the project has yet to be "discovered" by the masses, avoiding the influence of the "get rich quick" culture.
Finally, the 4-week volatility metric is low, which may suggest a sudden shift in price in the coming weeks.
In conclusion, UNI is a strong contender with a multitude of favorable indicators. There are still profits to be made and this coin could serve as a hedge against any expected volatility in the near future. Let's keep an eye on this promising project for the month of February.
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