AGLD On-Chain Thought

7 нояб. 2023 г.

This may be a esoteric thought and/ or conclusion

There tends to be a divergence between the price of AGLD and Whale assets

Now there is something of note in this that is super important.
I am unsure on the quality of these on-chain metrics and for that matter the coin itself

Now with that being said it does have high beta and massive surges in price, but for one only investing with spot it is hard to manage.

Now lets get out the crystal ball and say if it were to be a parabolic run and it was highly correlated to BTC we could see it break ATH levels

Looks like a bad coin but doesn't mean there is no money to be made

I also doubt that these metrics inherently hold ANY alpha since they don't appear to front run, etc, etc.

That's why quant exists, going to have to look a lot further and even see if its worth buying in the medium and long-term.