iExec Launches Oracle Factory Allowing Anyone To Create Custom Oracles in Minutes

October 12, 2021 Bitcoin.com

Beyond Dogecoin: The 5 hottest cryptos on Twitter this month

June 1, 2021 Coin Telegraph

Elon Musk doesn't have a monopoly on Twitter chatter, as these five cryptocurrency flavors-of-the-month proved in May.

In the realm of digital assets, Crypto Twitter is a major seat of power. Memecoins and serious large-cap assets alike can see their value rise or fall depending on whether the whimsical Twitter crowd decides to pay attention.

Huge rallies and dramatic declines often trigger waves of Fear, Uncertainty and Doubt (FUD) or Fear of Missing Out (FOMO) on the platform, capable of massively amplifying the unfolding price dynamics.

Granted, it would be convenient if increases in Twitter volume always spelled price hikes — yet, as the facts demonstrate, this relationship is way, way more complicated than that.

Tweet volume is one of the ingredients of a proprietary formula powering the VORTECS™ Score, a machine learning algorithm that compares historic and current market conditions around digital assets to aid crypto traders’ decision making. The model considers a host of other indicators – market outlook, price movement, social sentiment, trading activity – to arrive at a score that assesses whether the present conditions are historically bullish, neutral, or bearish for a given coin.

This week, we follow five digital assets who made the biggest strides in terms of Twitter activity this month. All five added hundreds of percent of tweets compared to the previous month’s average – but how actionable were these dynamics for traders?

Here’s how the VORTECS™ Score could give investors a few hints.

Telcoin (TEL): +300% Twitter volume

Between May 2 and 5, as Telcoin (TEL) was bracing for a massive price leap that would take it from below $0.01 to above $0.05 within ten days, two considerable spikes in tweets tagging TEL occurred. While the coin would normally get several hundred mentions a day, these two peaks each saw more than 3,000.

Combined with other factors, this pattern was recognized as historically favorable by the VORTECS™ model, which dished out a very high score of 91 (red circle in the graph). A tremendous price run followed less than a day later. Further tweet volume spikes this month followed price surges rather than preceded them.

Overall, in the last 30 days, Telcoin delivered 189% vs. USD and 345% vs. Bitcoin.

Polygon (MATIC): +240% Twitter volume

Twitter activity around MATIC and its price action entered a virtuous circle in May, with each leg of the price rally triggering a surge in chatter which, in turn, preceded a further round of the token’s appreciation.

Of course, there was much more to Polygon’s remarkable month, with a slew of positive real-world developments and trading activity spikes, but tweet volume appeared to be an essential feature of each VORTECS™ score peak (red circles in the chart).

MATIC’s monthly gains: 125% vs. USD and 248% vs. BTC.

iExec (RLC): +711% Twitter volume

iExec (RLC) emerged as the biggest winner in terms of added tweet volume this month, yet its price increase has been more modest: 60% against USD and 148% against Bitcoin.

In RLC’s case, as the charts illustrate, spikes in tweet volume were largely reactive and merely followed price action. The coin’s VORTECS™ score has been largely neutral ahead of the rally that started around May 9, suggesting that the combination of market conditions preceding it has not been frequently observed before.

Solana (SOL): +525% Twitter volume

Solana (SOL) saw its average tweet volume increase more than four times compared to the previous month, yet almost all corresponding price gains got wiped out by the end of May: -31.48% against USD and +6.06% against Bitcoin.

Tweet volume largely lagged behind the price movement, with one notable exception: An outsized jump from 5,000 to 20,000 tweets on May 17 that contributed to an 80+ VORTECS™ score and came some 36 hours before the coin reached its all-time high near $58 (red circles in both charts).

Ethereum Classic (ETC): +321% Twitter volume

While the reasons behind Ethereum Classic suddenly surging from $40 to $160 in the first week of May remain a mystery, we can be fairly certain that an explosion in the volume of Twitter conversation was not one of them: All the added tweets came in response to the price rally.

The VORTECS™ algorithm hadn’t sensed a historically favorable outlook, either, as the score mostly remained in the neutral zone.

ETC ended the month with +67.36% vs. USD +158.85% vs. Bitcoin.

An uptick in Twitter activity around a digital asset can mean a variety of things, depending on the configuration of other important market and social indicators. The VORTECS™ Score, exclusively available to Cointelegraph Markets Pro members, can contextualize tweet volume within a constellation of other market-moving metrics.

For those who prefer to leverage raw data, the absolute number of tweets and current vs. average tweet volume are readily available as separate metrics on the market intelligence platform.

Cointelegraph Markets Pro is available exclusively to members on a monthly basis at $99 per month, or annually with two free months included. It carries a 14-day money-back policy, to ensure that it fits the crypto trading and investing research needs of subscribers, and members can cancel anytime.

Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions. Full terms and conditions.

Pumped up by volume? 5 crypto assets that traders loved this month (and their prices)

May 27, 2021 Coin Telegraph

Coin Telegraph

Trading volume in crypto markets can be a key indicator of price volatility — but is there a direct correlation that traders can use to help inform their investment decisions?

Trading volume — the amount of an asset that changed hands over a given period — is one of the key metrics that investors use to track price trends and assess the market outlook for a specific coin in terms of liquidity and trader activity.

The ranking below zooms in on the fortunes of five coins that have had the greatest increase in average daily trade volume this month compared to the month before. Most of them — although not all — emerged as massive winners in terms of their monthly returns, but the relationship between the price and trading was not always what you’d expect.

The data from Cointelegraph Markets Pro platform sheds further light how these two indicators can influence each other.

Along with multiple other quantitative metrics, trading volume is at the heart of the VORTECS™ Score — an algorithmic comparison of historic and current market conditions derived from billions of data points gathered and analyzed by a proprietary machine learning model.

Polygon (MATIC ): +643.79%

Capitalizing on the sprawling activity in the DeFi sector and the expansion of the number of projects springing up on its platform, Polygon has had a fantastic month, conquering one all-time high (ATH) after another. The coin delivered 329% vs. USD and 456% vs. BTC alongside a 643% increase in average daily trading volume.

The trading volume dynamics faithfully followed each price uptick, reaching an impressive $11 billion on May 19. On that day, MATIC was responsible for as much as 4.5% of the crypto market’s overall trading volume.

From the look at the VORTECS™ score chart, it becomes apparent that trading volume spikes have been an essential component of each ultra high-score stretch that MATIC sported this month (red circles in the graph). These dark-green sequences, in turn, foreshadowed each new leg of the coin’s powerful rally.

Ethereum Classic (ETC): +229.23%

A legacy chain of the original Ethereum that has been abandoned by much of the community in the wake of the 2016 the DAO heist, ETC has a small but enthusiastic fanbase and a reputation of a network lacking security.

Observers are divided on what exactly triggered ETC’s 300% price run, closely followed by surging trading volume, in the first week of May. Opinions range from users suddenly seeking cheaper alternatives to the main Ethereum network to new investors mistaking the coin for its better-known cousin.

At any rate, at the height of its May 6 rally, ETC commanded a shocking 15.9% of the crypto market’s overall trading volume — not too bad for a coin that has risen from years of oblivion.

Going by the VORTECS™ chart, not only ETC’s showing was unexpected - it was historically unparalleled. The combination of market and social conditions that preceded the coin’s blast-off was not similar to those that systematically came before ETC’s price leaps in the past, as evidenced by largely neutral VORTECS™ Scores.

Telcoin (TEL): +507.8%

Telcoin, a global remittance platform whose token appreciated by 437% against USD and 600% vs. Bitcoin over the past month, owes at least some of its success to Polygon’s fiery run. The likely reason behind TEL’s surge in early May has been a layer-2 migration to the lower-fee Polygon network and the token’s subsequent listing on QuickSwap that opened attractive terms for liquidity providers.

As visible in the graph, it was the QuickSwap moment that produced the greatest increase in TEL’s trading volume rather than the even bigger price hike that followed a few days after.

It was the same surge in trading activity between May 2 and 8 that the VORTECS™ algorithm picked up and, in conjunction with other constituent metrics, deemed worthy of a series of high VORTECS™ Scores that began flashing around three days before the final leg of the price hike.

iExec RLC (RLC): +1,153.62%

RLC, the native token of cloud computing platform iExec, demonstrated the greatest month-to-month growth in average daily trading volume, adding an astounding 1,153% compared to the previous 30-day period. The coin’s price began picking up following the May 4 announcement of a Coinbase Pro listing and was boosted even more by a cascade of further exchange listings, big-name partnerships and collaborations, as well as the announcement of a developer rewards program. Over the month, RLC delivered 200% gains against USD and almost 300% against Bitcoin.

As the chart supplied by data analytics firm The TIE suggests, on May 8 and early May 9 the trading volume indicator mirrored the steeply upward price movement with a few hours’ lag. The two lines then effectively merged, indicating that further increase in trading volume was no longer driven solely by price action, but began responding to the news and heightening sentiment around the coin independently.

As visible in the graph, RLC’s VORTECS™ score had been neutral (yellow) in the days preceding the coin price’s spike, and briefly turned moderately bullish (light green) as the rally unfolded. However, when both the price and trading volume peaked, the VORTECS™ Score went from bullish back to neutral (red boxes in the graph), meaning that in the past such concerted upticks in both price and trading volume were not followed by price consistently going up or down.

In summary, RLC’s run this month did not have clear historical precedents in terms of market and social activity regularities that VORTECS™ score could capture. Rather, it has been driven by a series of bullish news announcements. This is where another element of Markets Pro functionality, NewsQuakes™, comes into play: In the same graph, it is plain to see how two listing announcements, on Coinbase Pro and Bithumb (red circle in the chart), came shortly before the rally.

OKB Token: +253.28%

The average daily trading volume of the OKEx exchange token, OKB, grew by more than 250% this month. However, this fact did not translate to a corresponding increase in the utility token’s price: Over the same 30 days, OKB lost 18.76% against USD and gained a mere 4.89% against the beleaguered Bitcoin.

A look at the token’s price vs. trading volume chart offers some explanation of this discrepancy. While trading volume largely mirrored price movement in the first half of the month, the two starkly diverged around May 19 and 20, around the time of the market-wide slump. As the price declined, the trading volume shot up.

This key to this seemingly paradoxical dynamic lies in the nature of the asset. In a bid to keep the value of the token high, every three months OKEx reduces OKB supply by buying back burning a few million coins. As the current burning period is set to expire at the end of May, some traders likely wagered on OKB staying afloat thanks to the guaranteed buyback liquidity when other digital assets were in a tailspin. Indeed, a surge in trading volume did support a brief rebound, yet it could only be sustained for a couple of days before the asset began sliding down again.

Note how the VORTECS™ algorithm remained unfazed by the May 20 increase in trading volume as the score remained neutral. A constantly learning model, it has surely seen such token burn-inspired spikes before — and apparently, in the past these spikes didn’t always spell significant price increases.

Any single metric describing an asset’s market outlook can be uninformative or even misleading on its own, yet it becomes exponentially more useful when contextualized within the recurring patterns of the VORTECS™ algorithm's other metrics (which include price action, sentiment, and tweet volume).

VORTECS Report: NewsQuakes boost DOGE hype, while TEL score rings a bell for traders

May 8, 2021 Coin Telegraph

Coin Telegraph

As the world waits for Elon Musk's Saturday Night Live appearance — and a possible nod to crypto's best friend — an exchange listing proves that real news can also propel DOGE to new heights.

What can you say about Dogecoin that hasn’t been said before? How about this: Elon Musk’s tweets aren’t the only thing that let the DOGE out.

This week, right in the middle of the retail trading frenzy that has turned everyone’s favorite cartoon puppy into a rabid bull-doge, Cointelegraph Markets Pro subscribers had the opportunity to chow down on a NewsQuake™ from Bitfinex, which can be seen as further exciting a rally all the way from $0.48 to $0.68.

Dogecoin (DOGE) Analysis

In the chart below you can see where the news was delivered to Markets Pro members via Discord and their mobile notifications (the red circle) and the immediate and dramatic price rise that followed.

NewsQuakes™ are sourced from a real-time aggregation engine, collated from over a thousand primary sources every minute and analyzed by an AI algorithm to determine the historical significance of the news. NewsQuakes™ are trained on staking announcements, exchange listings and key partnerships, and because they are delivered without human intervention, they can often be the fastest way for market participants to learn about major events in the cryptocurrency space.

In this case, everything seems to have worked as if it was a regular coin: A listing on a big exchange resulted in immediate price action that began to recede after roughly a day. Yet, when dealing with Dogecoin-related news, it doesn’t hurt to exercise caution and remember that this asset’s relationship with the news cycle is unlike any other.

iExec (RLC) Analysis

On the subject of NewsQuakes™ there was another perfect example this week of how the early trader gets the profits.

iExec (RLC) was hit by two consecutive NewsQuakes™, helping the asset add around 70% of value over the week. On May 4 came the announcement of a Coinbase listing – traditionally a very powerful type of news (first red circle in the chart below).

A similar announcement from Bithumb came in just 36 hours after the first, compounding the coin’s momentum (second red circle).

At this point, it becomes challenging to attribute the price dynamic to one of the two events, since the Coinbase announcement’s effects hadn’t yet expired (the system looks at 72-hour returns) when Bithumb’s kicked in.

Those Markets Pro subscribers who quickly acted on either of the NewsQuakes™ are likely fine with not knowing the exact contributions of each listing, however. In both cases, the value of being first to the news is clear from the immediate positive price action.

Telcoin (TEL) Analysis

This analysis wouldn’t be complete without a word about Telcoin (TEL), which rallied dramatically to ascend from just $0.11 to over $0.48 shortly after a Markets Pro member suggested adding the cryptocurrency to the platform.

While VORTECS™ Scores can take time to generate, they still look at the entire trading history of the newly-listed asset — thus when Telcoin’s first VORTECS™ Score was displayed, the algorithm already had clear confidence in bullish conditions for the token.

As seen in the chart below, VORTECS™ continued to identify strong bullish momentum even as the price rose, peaking at an almost-unprecedented score of 95 around 48 hours before the final push towards the $0.48 price spike.

The VORTECS™ Score is available exclusive to Cointelegraph Markets Pro members, and includes sentiment analysis, tweet and trading volume, and price action as components of the algorithm — which are then weighted according to a proprietary formula based on how similar these are to historical conditions. If there is a similarity in these factors, the score will be higher when historical precedents have most consistently led to higher prices.

VORTECS™ Score returns since January 3

The Markets Pro team has been tracking 42 sample strategies since January 3 2021, based on entering a position when the VORTECS™ Score crosses a threshold, and exiting it either when another score is reached or after a set period of time. The following data is taken from a snapshot on May 8th 2021 at 1pm ET. The full methodology is available here.

Holding Bitcoin: 79% return

Holding Top 100 altcoins: 485% return

Best-performing time-based VORTECS™ strategy (Enter 80 / Exit 24 hours): 2,467% return

Best-performing score-based VORTECS™ strategy (Enter 80, Exit re-crossing 80): 2,800% return

Cointelegraph Markets Pro is available exclusively to subscribers on a monthly basis at $99 per month, or annually with two free months included. It carries a 14-day money-back policy, to ensure that it fits the crypto trading and investing research needs of subscribers, and members can cancel anytime.

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