It’s been another great week for altcoins as the total market cap of all cryptocurrencies moves within a hit of the $ 2 trillion mark.
And it has been equally positive for the CoinTelegraph Markets Pro platform, which tracks crypto market conditions and real-time front-page news in the blockchain industry to provide market information for every investor.
Markets Pro offers two unique features: the VORTECS ™ Score, an algorithmically derived weighted score that compares current market conditions with historically comparable market environments, and NewsQuakes ™ – the industry’s fastest aggregator of market-changing news, analyzed and collected from a thousand primary sources per minute .
In this weekly report, we analyze the main 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 on green waves, driven by patterns of trading and social activity that the VORTECS ™ model has seen before – as described in our description of how the algorithm works
Analysis of STORJ
As the graph above shows, the STORJ cloud storage token recorded a series of high VORTECS ™ scores, marked by the first red circle, approximately 60 hours before the price spike on April 1 (first and second red boxes).
This price increase could also be explained by the effect of Storj-USDT margin swaps being quoted the same day on Huobi Futures, an announcement recorded in a NewsQuake ™. Those who used Markets Pro intelligence in their market research benefited from this powerful double validation that pointed to both historically favorable market conditions and favorable news on the asset following its recent listing on Coinbase.
Analyze Filecoin (FIL) and Holochain (HOT)
Indeed, this has been a good week for storage coins. The second-best performer, Filecoin, rallied that saw it rise from about $ 125 to $ 233 in two days.
As can be seen in the chart above, Filecoin’s VORTECS ™ Score ventured into the 80+ territory marked by the red circle for a few hours about 24 hours before the price rose.
The emergence of another big winner of the week, Holochain (see below), also unfolded after a string of strong VORTECS ™ scores ranging from high 60 to high 70, peaking at 82 (red circle in the chart) around the 50 hours before the asset started to rise from $ 0.010 to $ 0.019.
Understanding VORTECS ™: The Relationship Between Score and Newsquakes ™
Some users have wondered if NewsQuakes ™ is part of the VORTECS ™ score. The short answer is no. These are two completely different functionalities within Markets Pro that can complement each other but can also be used separately.
In fact, some of the NewsQuakes ™ features feature assets for which the score has not yet been generated: an example is this week’s announcement of a partnership between DAFI and DIA, with the latest assets, not yet indexed by the VORTECS ™ – model, by almost 22%.
That said, the two often work together. The Filecoin example mentioned above shows how a high VORTECS ™ score and a subsequent NewsQuake ™ can be used to increase user confidence that the conditions for a currency are favorable.
In other cases, a positive VORTECS ™ score can follow the news: once a favorable announcement is absorbed by market participants, trading and social conditions may be consistent with a pattern the model identifies as bullish. And sometimes the two cannot be related at all.
The chart above shows that the price of 0x started to rise steadily after news of the asset’s listing on OKEx was made public – while the VORTECS ™ score remained neutral.
Test Results: The Best Strategies of the Week
This week, 17 of the 42 VORTECS ™ strategies currently tested outperformed Bitcoin and a proportionally weighted portfolio of all top 100 altcoins. Of these strategies, 8 were based on scores (buy from VORTECS ™ X / sell from VORTECS ™ Y) and 9 on time (buy from VORTECS ™ X / sell after Y hours).
The table below provides information on the ROI generated by the top 5 strategies from the week to April 1, 2021. For more context, you can also view the monthly and all-time returns of these strategies (tracked as of January 5, 2021).
These strategies are designed to represent benchmarks for the overall performance of the VORTECS ™ model. Consult it methodology help file
Test Results: Leaders of All Time
The table below lists the top three strategies of all time in each category (based on scores and time) and their performance this week. As the table shows, strategies that do well in the long run can fail in any given week: buying at 90 / selling after 168 hours is a particularly striking example this time around. At the same time, two of the greatest of all time have also had a solid show this week.
New warning system
A total of 107 VORTECS ™ Hit Markets Pro users this week, with 27 different coins.
One of the most common requests we have received from the community is to enable notifications at different levels of the VORTECS ™ score. There are now 12 dedicated Discord channels designed to alert subscribers when an item goes above or below a certain threshold.
Powerful NewsQuakes ™
A total of 86 NewsQuake ™ notifications went to the CoinTelegraph Markets Pro community this week, including 44 exchange lists, 25 partnerships, and 17 stakeout announcements.
Markets Pro also tracks the most consistent news identified by NewsQuakes ™ and the price action of various crypto assets after the headline. This week, the main news items were followed by significant price increases over the course of the week:
Storj listing on Coinbase: + 161% peak efficiency
Ankr Network Listing on Coinbase: + 109% peak efficiency
Filecoin’s partnership with Chainlink: + 48% peak efficiency
Cointelegraph Markets Pro is available exclusively to subscribers monthly for $ 99 per month, or annually with two free months included. It has a 14-day money-back policy to ensure it fits subscribers’ crypto trading and investment research needs, and members can cancel at any time.
CoinTelegraph is a financial information publisher, not an investment advisor. We do not provide personal or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk, including the risk of permanent and total loss. Past performance is not an indication of future results. Figures and charts are correct at the time of writing. Before making any financial decisions, consult your financial advisor. Full terms and conditions