Assets covered: Nucypher (NU)

Metrics used: Daily Active Addresses, Age Consumed, Network Realized Profit Loss, MVRV

Charts layout: https://app.santiment.net/s/bYDF7DbO

Our screener have pointed our attention to a coin we haven't looked into before, Nucypher.

And after more detailed investigation we found out a few very interesting signs.

Put together they suggest a nicely articulated possible bottom for a coin.

Why?

1. Active addresses:

A strong spike on the right. An average 100 addresses interacting with NU daily have exploded to almost 1400. There's something happening in Nucypher.

2. Age Consumed

A cluster of Age Consumed spikes is often indicating a local bottom for a coin.

3. Network Profit Loss

Oh, what a picture. The chart almost only dipping, suggesting that NU tokens are only moving at a loss.

4. MVRV

Short term 30d MVRV has tried to recover but still remains quite low in oversold area.

Summing up

NU could be a good choice for those still willing to take risk. There is some level of quite sizeable worries. Because of a strong Age Consumed spikes cluster, many loss on NPL, oversold MVRV and increased onchain activity.

Oh, the screener. How did we find NU? Thanks to the "Age Consumed Anomalies" screener. Have you seen it? Simply a group of liquid coins with unusual spikes in Age Consumed. Whenever AC is increasing dramatically, it might mean something. And always needs a deeper research.

Charts used: https://app.santiment.net/s/bYDF7DbO

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.