Here’s how you can get introduced to last week’s winners before they hit a big hit

The mixed crypto holdings market that began late last year did not offer as many profit opportunities as the altcoin season that preceded it. There are less winners in a period of growth and the thorough research needed to single them out can turn out to be a full-time job. Fortunately, there are ways to outsource some of these efforts.

The price action history of digital assets does not hold the key to their future, but it can provide many valuable signals. Complex trading patterns and social-sentiment metrics power the token’s spectacular pump-ups that often recur, and savvy traders can use them to make predictions price fluctuations.

One of the tools that can read the history of content and turn it into useful insights is the VORTECS™ Score. Exclusively for subscribers Cointelegraph Markets ProThis machine learning tool indicates whether the current combination of market and social indicators for each tracked coin is bullish, bearish, or historically neutral.

The higher the score, the more bullish the token’s outlook for the next 12 to 72 hours. A score of 80 or higher is considered bullish confidence, meaning that the current trading conditions look very similar to the trading conditions that existed before the price spike in the past.

Here’s how it works with some of the top performing digital assets of the past week.

XHV: Offshore Cryptocurrency Bank to the Moon

VORTECS™ score (blue/gray) vs XHV price (white), March 8 – 15. Source: Cointelegraph Markets Pro

The Haven Protocol, a fork of Monero that markets itself as a “foreign bank” without a bank, has seen its Haven cryptocurrency (XHV) undergo a massive price pump due to the news. about Western sanctions on Russia and the general narrative of financial privacy gaining momentum. Haven is a privacy-focused “untraceable asset ecosystem” that enables the anonymous exchange of assets.

The trading patterns and social activity that formed around the token began to look historically bullish on March 10 when XHV’s VORTECS™ Score peaked at 88 from a price point of $2.37. Nineteen hours later, the asset’s price increased, reaching $3.73 in just 11 hours.

RUNE: Strong Fundamentals Create a Bullish Pattern

VORTECS™ score (blue/grey) vs. RUNE price (white), March 8 – 15. Source: Cointelegraph Markets Pro

THORChain’s RUNE demonstrates strong fundamentals for the week. The token’s first bull run came on March 10 in response to Synthetic asset-enabled network, with RUNE marching up to a local high at $5.52. Soon after, its VORTECS™ Score hit 84, indicating the best is yet to come, according to historical precedent.

Sure, the repeating pattern doesn’t lie: The rally continues further, motivated by news that THORChain will launch the new Thorfinance protocol in addition to a native stablecoin. The price of RUNE started going up a steep trajectory about 40 hours after the VORTECS™ top was registered, with its price jumping from $5.64 to $7.94 for the rest of the week.

REQ: Strong trading conditions herald a flash rally

VORTECS™ score (green/grey) vs REQ price (white), March 8 – 15. Source: Cointelegraph Markets Pro

REQ is the native token of the Request Network, a decentralized payment system built on Ethereum. The asset’s price spiked on March 13 and 14 in a two-legged rally that followed the addition of support for Jarvis Network’s euro-pegged stablecoin, jEUR. The favorable news environment contributed to the bullish alignments of the trading and psychosocial indices, as recorded by a peak VORTECS™ Score of 82 lighted up on March 14. an hour later, a favorable outlook materialized in a pump from $0.20 to $0.25 in under four hours.

No algorithmic trading indicator can present a complete picture of what is going on with a token and where its price is poised to move next. However, combining insights from a data-driven tool like the VORTECS™ Score with analysis of fundamentals and the news environment can help traders identify the big winners. several hours before exerting their powerful effects.

Cointelegraph is a financial information publisher, not an investment advisor. We do not provide personalized or personalized investment advice. Cryptocurrencies are volatile investments and carry substantial risks including the risk of total and permanent loss. Past performance does not dictate future results. Figures and charts are correct at the time of writing or subject to other regulations. Directly tested strategies are not recommendations. Consult your financial advisor before making financial decisions. Here’s how you can get introduced to last week’s winners before they hit a big hit

Fry Electronics Team

Fry is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button