It’s been another great week for altcoins as the total market capitalization of all cryptocurrencies is in close proximity to the $ 2 trillion mark.
It’s equally positive for the Cointelegraph Markets Pro platform, which is tracking market conditions for crypto and real-time headlines in the blockchain industry to provide market intelligence to every investor.
Markets Pro offers two unique features: the VORTECS ™ Score, an algorithmically derived weighted score that compares current market conditions with historically similar market landscapes, and NewsQuakes ™ – the industry’s fastest aggregator for market-moving news that has been analyzed and compiled over a period of thousands Primary sources per minute.
In this weekly report, we analyze the key highlights of the week’s events on Markets Pro.
Top VORTECS ™ Score wins this week
Between March 26 and April 1, Storj were the top three performing assets identified by Cointelegraph Markets Pro (+ 121%), Filecoin (+ 115%)and holochain (+ 111%). All three rode green waves fueled by trade patterns and social activities that the VORTECS ™ model had seen before – as detailed in our description of how the algorithm works.
As the graph above shows, the STORJ cloud storage token saw a streak of high VORTECS ™ values, indicated by the first red circle, around 60 hours before the price spike on April 1st (first and second red box).
This price increase could also be explained by the effect of the same-day listing of Storj USDT margin swaps on Huobi Futures, an announcement captured in a NewsQuake ™. Those who used Markets Pro Intelligence in their market research have had the benefit of this powerful double validation that indicates both historically favorable market conditions and favorable news around the asset following its recent listing on Coinbase.
Analysis of Filecoin (FIL) and Holochain (HOT)
In fact, this has been a good week for coin storage. The second best performer, Filecoin, rallied from around $ 125 to $ 233 in two days.
As can be seen in the graphic above, about 24 hours before the price increase, Filecoin’s VORTECS ™ Score ventured into the area of over 80, indicated by the red circle, for a few hours.
The rise of another big winner of the week, Holochain (see below), also followed a string of strong VORTECS ™ scores that ranged from high 60s to high 70s, with a peak of 82 (red circle on graph) was about 50 hours before the asset began its $ 0.010 rise to $ 0.019.
Understanding VORTECS ™: The Relationship Between Score and Newsquakes ™
Some users wondered whether NewsQuakes ™ are part of the VORTECS ™ score. The short answer is no. These are two completely different features in Markets Pro that can complement each other, but can also be used separately.
Some of the NewsQuakes ™ features for which the rating has not yet been generated: An example is the announcement of a partnership between DAFI and DIA this week in which the latter asset, which has not yet been indexed by the VORTECS ™ model, has increased by almost 22% was upgraded.
Nevertheless, the two often work together. The Filecoin example mentioned above shows how a high VORTECS ™ score followed by a NewsQuake ™ can be used to increase user confidence in the favorable terms for a coin.
In other cases, a positive VORTECS ™ value can follow the news: once a positive announcement is received by market participants, trading and social conditions can align in a pattern that the model identifies as bullish. And sometimes the two can be completely independent.
Analysis of 0x (ZRX)
The graph above shows that the price of 0x steadily increased after news of the asset’s listing on OKEx – while the VORTECS ™ score remained neutral.
Test Results: The Week’s Top Strategies
This week, 17 of the 42 VORTECS ™ strategies currently being tested outperformed both Bitcoin and an equally weighted portfolio of all top 100 altcoins. Of these strategies, 8 were evaluation-based (buy from VORTECS ™ X / sell from VORTECS ™ Y) and 9 were time-based (buy from VORTECS ™ X / sell after Y hours).
The following table provides information on the ROI that the top 5 strategies generated for the week through April 1, 2021. Also see the monthly and all-time returns on these strategies (tracked since January 5, 2021) for more information.
These strategies are intended to represent benchmarks for the overall performance of the VORTECS ™ model. Refer to the methodology help file for information on performing these tests.
Test results: all-time leader
The table below shows the top three all-time strategies in each category (points-based and time-based) and how they performed during that week. As the table shows, strategies that do well in the long run can see a downtrend every week: the buy at 90 / sell after 168 hours is a particularly noticeable example this time around. At the same time, two of the best of all time have done solidly this week.
New warning system
This week a total of 107 VORTECS ™ Markets Pro users met with 27 different coins.
One of the most frequent requests from the community is to activate notifications at different levels of the VORTECS ™ score. There are now 12 dedicated Discord channels that can be used to notify subscribers when an asset exceeds or falls below a certain threshold.
Powerful NewsQuakes ™
This week, a total of 86 NewsQuake ™ messages were sent to the Cointelegraph Markets Pro community, including 44 listings, 25 partnerships and 17 stakeout announcements.
Markets Pro also tracks key news identified by NewsQuakes ™ and the price history of various crypto assets according to the headline. This week, the main news was followed by significant price hikes during the week:
Storj listing on Coinbase: + 161% prime yield
Ankr Network Listing on Coinbase: + 109% prime yield
Filecoin’s partnership with Chainlink: + 48% prime yield
Cointelegraph Markets Pro is available to subscribers exclusively for $ 99 per month monthly or annually with two free months. There is a 14 day money back policy to ensure it meets subscribers’ needs for crypto trading and investing in research. Members can cancel at any time.
Cointelegraph is a financial information publisher and not an investment advisor. We do not offer any personalized or individual investment advice. Cryptocurrencies are volatile investments and carry significant risk, including the risk of permanent loss and total loss. Past performance is not an indication of future results. Figures and diagrams are correct at the time of writing. Ask your financial advisor before making any financial decisions. Full terms and conditions.