SMART DEX TRADER OVERVIEW
According to statistical data on April 9, there are 1722, Smart Dex Traders (SDTs), of which the 7D active rate accounts for more than 70% (1377) → SDTs are still actively trading in the market
Since July 2023, the rPNL of SDT has recorded steady growth. When comparing the rPNL of SDT with the volatility of the BTC price growth rate, it can be seen that at some times, when the BTC price growth rate decreases, the rPNL of SDT still has an upward trend → SDT has a strategy to take profits before the price of BTC increases or decreases
The data shows that SDT is profitable in all 20 categories analyzed, with an Average win rate: 56.6%per SDT; and Avg ROI: 702.13% per SDT.
MONEY FLOW IN CATEGORIES
1. Market Overview
#memes , Ai&Big Data, and #Ethereum✅ Ecosystem are the three leading categories considered by the Smart DEX Traders for they are having the highest balance valued in USD (more than $72M accumulated in each categories).
However, in terms of growth within the top categories, Collectibles and NFTs as well as Gaming and DWF Labs Portfolio are witnessing positive growing interest from the SDTs. This is because in the past 7 days, the categories balances have increased 5%, 8.1%, and 1.6% comparing to their previous, respectively.
2. Notable Categories
The top 3 categories that got the most inflows in the past 7 days are Gaming, Collectibles & NFTs, and Gambling. In which:
On the one hand, among the mentioned categories, Collectibles and NFTs as well as Gaming are witnessing some positive sentiment (bullish signs) from the Smart DEX Traders.
This is because despite of their current total balance, which is huge (>$40M for each categories). More and more money are flowing into the categories in the last 7 days, as illustrated in the table above.
On the other hand, regarding Gambling, although this category does not ranked among the top 10 largest categories (with only $9M in total balance) but has given a strong money flow from the SDTs themselves. Thus, with $2.1M flowing in, the total balance of this Category rose 31%.
3. NOTABLE TOKENS
SDT’S CASH FLOW INTO #GAMBLING AND #GAMING
$RLB leads the #Gambling sector | Short-term bullish signals
After reaching a low of 0.086 on Mar 21, data shows a resurgence of accumulation in the SDT wallet file. DCA orders for additional accumulation are ongoing, with the strongest accumulation on Apr 5 (+$2.9M).
Over the past 7 days, the price of $RLB has fluctuated around 0.115 with a range of +-5%, and the average accumulation price is around 0.105.
No significant selling signals have been observed.
Smart Money wallet address playing well with #RLB : 0xd5bb24152217bea7a617525ddfa64ea3b41b9c0a
$GALA , belonging to the #Gaming sector, is present in most of SDT's portfolios | Long-term positive signals
During the period of Jan 10-18, the SDT wallet file accumulated approximately 40M GALA at an average price of ~0.025. Mild selling pressure was observed at the price level of 0.035 on Mar 8.
However, there are still ongoing DCA orders from Mar 1 (0.4) and Mar 22-23 (0.74-0.82).
—> Based on the previous buying volume and recent trading activities, it can be said that SDT continues to hold a significant amount of $GALA, with the expectation of a price increase. The current timing is not suitable for profit-taking.
#galacoin is a token in the Gaming sector, with Binance Labs as its main backer. With Binance's price push model, it will be necessary to wait for the GameFi wave to return or at least when more projects are listed on Binance.
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