BTC$67 470.51


ETH$3 498.84




Binance Coin






These 2 indicators gave traders a buy signal hours before Filecoin rallied

19 Aug 2021


In the crypto market, it’s often the early bird that gets the worm. Here’s how two quant-style indicators flashed a bullish signal for FIL and NEAR. In financial markets, the uneven distribution of information comes hand-in-hand with theuneven distribution of economic power. The cryptocurrency market is no exception and oftentimes those with insider knowledge or access to industry-grade data intelligence tools can put their digital assets to work in ways the everyday retail investor could never do.

Still, regular traders can profitably leverage publicly available, market-moving news if they are lucky to get to it before the rest of the pack. Research suggests that certain types of news announcements, such as those related to staking, listings, and partnerships, have the greatest potential to move crypto prices.

Last week, when word got out that two blockchain protocols had forged a partnership, the price of both related tokens soared immediately. Was there a way for main street investors to join the gains fest early?

The power of collaboration

In most cases, high-profile, market-moving partnership announcements feature a crypto protocol or associated asset on one side and an entity that is not represented by a digital token on the other – think an NFT platform partnering with a top sports club. Accordingly, there is usually only one digital asset that stands to benefit from the news.

On Aug. 10, however, something quite unusual transpired. A collaboration between Filecoin and NEAR Protocol, which enabled decentralized applications built on NEAR to integrate Filecoin-based storage, was announced and the development resulted in considerable gains for both assets.

The announcement first appeared on Filecoin’s blog on Aug. 10 at 17:32 UTC. and the news took roughly three hours to reach NEAR’s Twitter account. Most of those who are not in the habit of refreshing Filecoin’s blog at least every hour would have to wait for the announcement to spread through Twitter feeds to learn of the collaboration. FIL price took off immediately after the first announcement went public (first golden circle in the graph). At the time of the first post, FIL had been changing hands for $65.50 and by the time the second notification landed (second golden circle), the altcoin has already rallied to $69. The next day, it reached $75, making for a peak return of 12%.

NEAR was trading at $2.73 when the news broke and by the time the announcement had reached Twitter, the token had risen to $2.84. Roughly 48 hours after the initial post, NEAR had hit $3.42, which was an overall increase of more than 20%.

Golden circles in the graph represent time points when subscribers of CT Markets Pro, Cointelegraph’s data intelligence platform, received automated alerts of potentially price-moving news announcements, known as NewsQuakes™. The first alert came in under a minute from the original post on Filecoin’s blog, giving its recipients a three-hour head start before the news hit the Crypto Twitter.

NewsQuakes™ is an artificial intelligence-driven system that automatically sifts through thousands of websites and social feeds to detect potentially market-moving developments moments after they are publicized by primary sources. CT Markets Pro users receive an alert at a speed that often beats most other social and media sources where traders normally discover actionable news. In fact, NewsQuakes™ is the same service that writers at Cointelegraph (as well as those at our major competitors) use to track breaking stories to cover.

Capitalizing on the rise of FIL and NEAR required a solid understanding of what synergies can emerge from the two protocols’ collaboration and whether the market will ascribe value to them.  Yet, it was equally important to learn the news quickly and have the time to act on it. While no algorithmic tool can replace sound judgement, NewsQuakes™ can assist with the second part of the equation.


Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 78% 41 $67 470.51 0.84% 6.12% $1 331 153 091 115 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78.4% 46 $3 498.84 0.18% 2.88% $420 659 880 968 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $1.000158 -0.03% -0.08% $114 102 712 404 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 75.2% 43 $594.21 0.27% 2.68% $86 718 095 242 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 71.6% 56 $181.36 3.58% 16.22% $84 218 840 513 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 69.2% 59 $0.621653 6.42% 16.57% $34 756 319 298 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000014 0% -0.01% $33 940 979 096 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 73.6% 53 $0.141947 5.96% 17.31% $20 614 174 838 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 89.6% 11 $6.99 -1.14% -7.03% $17 579 184 375 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 74.8% 53 $0.429819 1.49% -1.77% $15 428 924 556 ADA 7 days price change
11 Avalanche (AVAX) AVAX Avalanche predictions 75.6% 42 $31.94 4.01% 17.86% $12 611 258 574 AVAX 7 days price change
12 TRON (TRX) TRX TRON predictions 82.4% 33 $0.133527 -0.45% -3.29% $11 627 655 057 TRX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 76.8% 37 $0.000018 1.08% -3.19% $10 526 676 322 SHIB 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 94.8% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.