Monad ($MON ) is seeing a rise in locked value, up 27.05% over 24 hours. To judge whether this is a trend change, I usually check three things:
1) Is the increase concentrated in a few leading protocols, or is it widespread across the chain?
2) Are on-chain stablecoins growing at the same time?
3) Does the same direction persist for a while?
Do you pay more attention to technical factors or sentiment?
Just a note, not investment advice.
1) Is the increase concentrated in a few leading protocols, or is it widespread across the chain?
2) Are on-chain stablecoins growing at the same time?
3) Does the same direction persist for a while?
Do you pay more attention to technical factors or sentiment?
Just a note, not investment advice.