🚨 Tokens With High Open Interest Growth
I analyze over 500 tokens daily according to their open interest (OI). High open interest (OI) can signify an incoming correction or pump (depending on the chart).
Here are the top 5 tokens with the most extreme OI growth.
1. Ark (ARK) +332%
Although unbelievably high, the OI has already declined compared to yesterday. Accordingly, Ark's price dropped too. However, it looks like as if more correction is incoming.
2. Ontology Gas (ONG) +174%
Regarding ONG, the high OI might lead to a massive pump since the price hasn't seen a considerable spike yet.
3. Banana Gun (BANANA): +69%
Similar to ONG, the high OI might signal an upcoming sharp move. Based on the chart, the chances for an upside move are higher.
4. Loom Network (LOOM) +60%
LOOM's OI decreased slightly compared to yesterday. However, it looks like another correction is likely.
5. BarnBridge (BOND)
Again, it's a token where the OI might signal an upcoming rally.