Definition. The L1 Momentum Signal evaluates the propensity of a Layer 1 ecosystem to move into an exponential trend, either positive or negative. It can be used to gauge the likelihood of a short-term exponential price momentum continuing and intensifying.

Technical. Based on a proprietary statistical method that identifies whether the underlying distribution of an asset's returns has departed from its usual structure. Data at 1-hour resolution is updated every 6 hours due to a data-source limitation for this metric.

Notes. For more information, see the signals dashboard.

This is the Point-in-Time (PiT) variant of Ecosystem Momentum Signal. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.