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Cheap EOS (EOS) NVT Ratio Not Enough to Support a “Buy” Amid Deteriorating Sentiment

Jun 06, 2019

Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions
Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions

 

  • Wow, looks like EOS (EOS) is trading near its cheapest valuation in a month on a Network Value to Transaction Ratio (NVT Ratio) basis. Still, our popular 3-Day Crypto Trading Signals rate EOS as a “Do Not Own”, so we suggest investors avoid buying the coin for the time being. 
     
  • EOS sentiment, both on a social and article basis, appears to be in a severe downtrend since peaking in the middle of May.  
     
  • EOS appears to be a standout from the broad crypto market in terms of daily volume. On three occasions, EOS has observed daily trading volume above or near the peaked level towards the beginning of May. Most other major cryptocurrencies have yet to reach daily trading volumes even close to their peaks towards the beginning of May.  
     
  • The spike in EOS’ google trend searches was likely the direct result of China’s latest cryptocurrency rankings, which ranked EOS as the top cryptocurrency.
     

EOS (EOS) Volume - Last 30 Days

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Average EOS (EOS) Article Sentiment - Last 30 Days

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EOS (EOS) Article Count - Last 30 Days

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We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.
We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

 

Overall EOS (EOS) Social Sentiment - Last 30 Days

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EOS (EOS) Google Trends - Last 30 Days

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EOS (EOS) Network Value to Transaction Ratio - 10-Day EWMA - Last 30 Days

 

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Global Top Stock IdeasTOP LONG & TOP SHORT STOCK IDEAS FOR GLOBAL MARKETSMONTHLY TOP IDEAS FROM OUR MULTI-FACTOR QUANTITATIVE MODELS
Global Top Stock IdeasTOP LONG & TOP SHORT STOCK IDEAS FOR GLOBAL MARKETSMONTHLY TOP IDEAS FROM OUR MULTI-FACTOR QUANTITATIVE MODELS