Cointelegraph Markets Pro, a data platform intended to level the playing field for market participants in cryptocurrency, is now available to the public after a successful live test phase.
The platform, which has been in development for a year, is the result of extensive analysis of the crypto markets and the main driver behind asset price movements. It was jointly developed by Cointelegraph and The TIE, a leading provider of crypto data, analytics and software whose clients include large hedge funds, market makers and over-the-counter desks.
Testing the VORTECS score
The heart of the platform is the VORTECS Score, which compares the current market conditions for over 130 crypto assets with historically similar market landscapes. A proprietary algorithm analyzes these historical conditions and looks for consistent patterns in market behavior in the days that follow.
“While crypto markets may appear volatile, the volatility often shows a remarkable consistency,” said Jay Cassano, CEO of Cointelegraph. “While we are all aware that past performance is no indication of future results, the Markets Pro platform combines sentiment analysis and social media activity with real-time market conditions so we can create very specific models.”
“The story doesn’t predict anything, but it can be very informative.”
According to Joshua Frank, CEO of The TIE, the VORTECS beta tests produced convincing results.
“We tested every score that exceeded a certain threshold in our live beta phase,” said Frank. “When the VORTECS value for a particular crypto asset exceeded 70, we saw an average price increase of 7.61% over the next 24 hours and 25.9% over the next seven days.”
Frank noted that for values above the 80 threshold, wealth gains were 8.58% over the next 24 hours and 28.2% the following week.
“With most crypto traders turning into other assets like bitcoin, the real measure of success during a bull market is of course whether or not assets that exceeded these thresholds made gains over the crypto market as a whole,” Frank continued.
“And that’s exactly what happened – over the course of a week, assets with 70 points increased an average of 21.3% compared to the universe of coins, and assets with more than 80 points increased to 23.8%.”
Breaking NewsQuakes make headlines faster
Cointelegraph Markets Pro also offers NewsQuakes, a comprehensive headline aggregator considered to be the fastest in the cryptocurrency industry.
“We’ve been working with The TIE for a year to identify and isolate the top price drivers in the news cycle,” said Jon Rice, editor-in-chief of Cointelegraph.
“Token burns, listings, partnerships, and announcements of stakes are among the headlines that tend to move the markets. The Markets Pro platform uses AI to sift through the thousands of sources we analyze every minute and deliver critical insights into those events directly to Markets Pro subscribers – often within seconds. “
Rice suggested that a cryptocurrency asset listed on Coinbase, for example, would often see rapid and significant price increases. “These announcements can bring quick returns to traders who take advantage of them quickly,” he said.
“For example, our NewsQuake system delivered the news about the Filecoin listing in December within a minute of the announcement – and almost 60 seconds before the Coinbase team tweeted. This window is important for dealers. “
Rice also noted that on many foreign exchanges, the time between an announcement in the exchange’s native language and an English version can be much longer, but the NewsQuake service supports multiple languages and translates them in real time.
Market information for everyone
Markets Pro subscribers also get access to community functions. Members, led by teams from Cointelegraph and The TIE, can join the discussion with fellow enthusiasts, share strategies and ideas, and access unique research from the experts.
Cassano hopes that the combination of real-time news and algorithmic modeling will make crypto markets more accessible to investors of all kinds. “We have seen a worldwide surge in interest in cryptocurrencies as well as the realization that the information asymmetries inherent in existing financial markets tend to stack up against the average investor. I hope that Markets Pro can help improve the playing field in the crypto industry. “
Repeating the sentiment, Frank said, “When we started building The TIE more than three years ago, we had a unique goal: to enable millions of everyday investors around the world to make more informed decisions with trustworthy and transparent cryptocurrency data. The challenge was to aggregate the billions of data points we captured and share information that would be actionable and insightful for everyone. “
Cointelegraph Markets Pro can be found here