Bitcoin
BTC$57 397.14

5.51%

Ethereum
ETH$4 325.04

6.69%

Binance Coin
BNB$609.29

4.33%

Tether
USDT$1.000997

0.02%

Solana
SOL$203.84

7.44%

Cardano
ADA$1.59

5.99%

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.


Related

Polygon launches a zk-STARK scaling solution for DApp deployment
Polygon launches a zk-STARK scaling solution for DApp deployment
Altcoins bag double-digit gains as Bitcoin price approaches $37,000
Altcoins bag double-digit gains as Bitcoin price approaches $37,000
Polygon committing $10M to reach 1M users using 0x API
Polygon committing $10M to reach 1M users using 0x API
Polygon active users grow by 75,000 as DeFi boom continues
Polygon active users grow by 75,000 as DeFi boom continues

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 77.6% 42 $57 397.14 5.51% -0.13% $1 084 001 374 692 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78.8% 32 $4 325.04 6.69% 3.38% $512 656 495 446 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 73.6% 53 $609.29 4.33% 7.07% $101 630 227 689 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 96% 1 $1.000997 0.02% -0.01% $73 194 134 956 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 69.2% 65 $203.84 7.44% -8.23% $61 976 513 439 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 68.8% 60 $1.59 5.99% -11.72% $52 852 892 795 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 74.8% 51 $0.987767 7.45% -5.41% $46 582 102 093 XRP 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 91.2% 2 $0.998878 -0.13% -0.10% $38 347 542 030 USDC 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 62.4% 75 $36.25 8.95% -9.51% $35 798 276 399 DOT 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 61.6% 74 $0.205694 2.60% -7.52% $27 214 125 290 DOGE 7 days price change
11 Avalanche (AVAX) AVAX Avalanche predictions 62% 75 $112.35 3.84% -16.51% $25 147 340 195 AVAX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 63.2% 77 $0.000039 3.61% -9.86% $21 537 353 661 SHIB 7 days price change
13 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 57.2% 90 $0.766272 1.87% 10.94% $19 358 331 922 CRO 7 days price change
14 Terra (LUNA) LUNA Terra predictions 62.8% 72 $49.02 8.15% 18.38% $19 258 363 664 LUNA 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 78% 46 $56 525.74 5.34% -1.06% $14 327 926 572 WBTC 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.

© 2015-2021 Crypto-Rating.com

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.