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VORTECS Report: When this indicator lights up, LUNA, MATIC and EGLD usually gain 10%


15 Jun 2021

#Polygon

Compounding modest gains is a key strategy for successful crypto traders — LUNA doesn't have to go to the moon to help profits rocket. Consistency is not generally a hallmark of crypto asset price movements. In a market characterized by volatility, outliers often become the norm — while even macro analysis of large cap assets such as Bitcoin and Ether is often wide of the mark.

For cryptocurrencies with smaller market capitalizations, finding trading patterns can be even harder. But as the VORTECS Score™ from Cointelegraph Markets Pro continues to absorb the history of almost 200 digital assets, careful analysis of some crypto tokens demonstrates that patterns do exist: Even if they may be invisible to the human eye, the data doesn’t lie.

The data science team at Markets Pro and The TIE examined a number of cryptocurrencies that have regularly reached a VORTECS™ Score of over 80 since the quant algorithm was launched on January 3 2021. A score of 80 generally indicates that the algorithm has reasonably high confidence that the combination of positive sentiment, price action, trading volume, and tweet volume that it currently sees in the market has historically led to increased prices for that particular asset over the next few days.

In the chart below, we can see assets that have hit that score on at least 20 days since launch, including AVAX, EGLD, VGX, MATIC, FTM, LUNA, AXS, AAVE, SAND and COTI. The blue bar illustrates the number of days on which the asset hit at least 80 — if the coin rose above 80 and then retreated below, before achieving the score again, only one per day was recorded; all subsequent hits in the next 24 hours were ignored.

Orange bars represent the number of occasions on which the asset then gained 3% in value over the subsequent 72 hours, while grey bars show a gain of 5% and yellow denotes a 10% gain.

LUNA boasts the most consistent gains of at least 3% following a VORTECS™ Score of 80, achieving that milestone 92% of the time:

Elrond (EGLD) also has a strong set of scores following an 80 score:

The Sandbox (SAND) stands out for highly consistent minor gains that didn’t translate into the same sort of 10% plus returns:

What is VORTECS?™

The VORTECS™ Score is an algorithmic metric derived from historical analysis of crypto markets. For each one of the ~200 crypto assets supported by Cointelegraph Markets Pro, the algorithm is hunting for moments in time that resemble the current marketscape — 24 hours a day, 7 days a week.

Specifically, it’s looking for patterns that have consistently led to significant changes in price in the past. Those patterns include a variety of factors: Volume, Outlook, RealPrice, Tweet Volume, Elevation, Confidence, and Sentiment... or VORTECS™ for short.

The algorithm combines all of this raw data into a VORTECS™ Score, which is designed to identify the general health of the market for a particular crypto asset. A high score suggests that in the past, conditions similar to those we see right now have often led to increases in the price of that asset. The higher the score, the more confident the algorithm is that these scenarios have been consistent.

All-time VORTECS™ Score performance

Markets Pro has been tracking the return on investment (ROI) of Bitcoin, an evenly-weighted basket of the top 100 altcoins, and various automated VORTECS™-based strategies since launching the algorithm on January 3 2021. A full methodology is available here.

While Bitcoin was trading just 8% higher than its price on January 3 at the time of writing, the altcoin basket had delivered 348% in returns. The top-performing VORTECS™ strategies have delivered outsized gains including several in excess of 1,000%, although the recent market pullback has meant that one strategy (buy at a score of 85, sell at 75) now trails Bitcoin’s returns.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 62.4% 82 $29 106.25 -2.42% 5.31% $554 291 732 800 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 60.4% 82 $1 948.76 -4.39% 2.87% $235 479 609 902 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $0.998927 0.01% 0.45% $74 133 574 134 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000000 -0.02% -0.02% $52 342 870 112 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 60.4% 84 $295.00 -1.85% 22.08% $48 166 486 706 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 67.2% 71 $0.409415 -4.38% 13.13% $19 792 398 575 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 92% 1 $0.999245 -0.27% -0.42% $18 398 603 846 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 65.2% 79 $0.514791 -8.42% 17.73% $17 375 510 992 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 63.2% 84 $50.79 -8.30% 15.69% $17 139 777 776 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 62% 87 $0.084252 -5.17% 11.85% $11 177 788 099 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 60.4% 78 $9.61 -8.87% 19.27% $9 486 356 576 DOT 7 days price change
12 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 63.6% 82 $29 092.16 -2.40% 5.58% $8 144 434 333 WBTC 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 61.6% 82 $29.59 -11.64% 6.16% $7 963 113 848 AVAX 7 days price change
14 TRON (TRX) TRX TRON predictions 70.8% 55 $0.071826 -0.02% -1.60% $7 007 431 948 TRX 7 days price change
15 Dai (DAI) DAI Dai predictions 93.6% 1 $1.000124 0.04% 0% $6 501 256 168 DAI 7 days price change

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