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Took a deep dive into the recent rally of decentralized #vpn #crypto microcap, #Sentinel, where we saw gains of over 100% in less than a week. Who was buying, what were $SENT whales doing & if the on-chain activity supported the move. A thread 
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@Sentinel_co @Exidio_co
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@Sentinel_co @Exidio_co
Before getting started.. What exactly is $SENT? Sentinel Network is a network layer that enables true p2p and decentralized applications and resources marketplace. Think of it as the Uber of Bandwith- a protocol to buy and sell excess bandwith with the primary use being #dVPN 2/6
Now, to the good stuff. Leading up to the price rally we saw an increase in the Daily Active Addresses. DAA growth will precede price a rally as the network sees more users and activity. We would want to see the increase in DAA sustain/grow to justify further price increases. 3/6
$SENT whales, the top 25 non-exchange holders, have been increasing their stacks in the recent months. This is what you would want to see as those most invested are signaling confidence in the project and that they feel it is undervalued. 4/6
At the same time there has a been a steady decrease in the % of coins that are held on exchanges. An indication that people are buying and storing/holding $SENT. The supply on exchanges is the lowest it has ever been. A very bullish indicator. 5/6
Overall, on-chain metrics look very strong for $SENT and supportive of the recent price move. It would not be surprising to see a pullback after such a big move but I would expect price to continue higher as long as DAA is increasing and top holders continue to accumulate. 6/6
