The hybrid market for cryptocurrency, which started late last year, does not offer as many opportunities to make money as the booming cryptocurrency season that preceded it. There are far fewer winners than there are uptime, and the careful research required to show them can be a full-time job. Fortunately, there are ways to outsource some of these efforts.
The price history of a digital asset does not provide clues to the future, but it can provide many valuable clues. The complex trading patterns and social indicators that cause token prices to rise are often repeated, and experienced traders can use them to predict price movements.
One of the tools that can read the asset history and turn it into useful information is the VORTECS ™ score. This machine learning tool, available exclusively to Cointelegraph Markets Pro subscribers, shows whether the current combination of market and social indicators for each historical clock currency is bullish, bearish or neutral.
The higher the score, the more optimistic the token will be over the next 12-72 hours. The valuation of 80 and above is very bullish, which means that the current trading conditions are very similar to those that happened before large price increases in the past.
Here’s how to handle some of last week’s best digital assets.
XHV: Offshore Crypto Bank Goes to the Moon
VOTECS result (green / gray) vs. XHV (white) price, 8. – 15. March. Source: Cointelegraph Markets Pro.
The Haven Protocol, a branch of Monero that describes itself as an “offshore bank” without a bank, has seen the Haven cryptocurrency (XHV) rise in price following news of Western sanctions against Russia and the public narrative of economic privacy has gained momentum . Haven is a privacy-focused “non-traceable asset ecosystem” that allows anonymous exchange of assets.
The trading patterns and social activity surrounding the coin turned to the historic upside on March 10, when the XHV VORTECS s score peaked at 88 from $ 2.37. Nineteen hours later, the price of the asset rose to $ 3.73 in just 11 hours.
Range: reliable base values form a bullish pattern
VOTECS result (green / gray) vs. RUNE (white) price, 8.-15. March. Source: Cointelegraph Markets Pro.
RUNE by THORChain demonstrated solid fundamentals throughout the week. The coin’s first rally took place on March 10 in response to the activation of the network’s synthetic assets, as RUNE rose to a local high of $ 5.52. Shortly afterwards, the VORTECS rat rating reached 84, indicating that according to historical precedent, the best was yet to come.
Of course, the recurring pattern was not false: progress continued to evolve, aided by the news that THORChain will launch the new Thorfinance protocol in addition to its stablecoin. The price of RUNE began to rise sharply almost 40 hours after the VORTECS ™ peak was recorded, when the price jumped from $ 5.64 to $ 7.94 for the rest of the week.
REQ: Strong trading conditions signal a rapid rise
VORTECS result result (green / gray) vs REQ price (white), 8. – 15. March. Source: Cointelegraph Markets Pro.
REQ is the original symbol of Demand Network, a decentralized payment system built on Ethereum. The property price jumped 13.-14. March in a binary rally after adding support for Jarvis Network’s euro-stable currency, the jEUR. The supportive news environment contributed to the rise in trade and social sentiment indicators, as evidenced by the 82 VORTECS ™ peak on 14 March. Wall.
No algorithmic trading indicator can give a comprehensive picture of what happens to a token and where the price moves further. However, combining insights from a data-driven tool like VORTECS ™ Score with basic and news environment analysis can help traders identify big winners hours before their strong upside potential begins to emerge.