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Six Ethereum-Based Altcoins and Two Low-Cap Crypto Assets Flashing Bullish On-Chain Signal: Santiment

Six Ethereum-Based Altcoins and Two Low-Cap Crypto Assets Flashing Bullish On-Chain Signal: Santiment

Crypto analytics firm Santiment says that the prices of eight altcoins are showing signs of moving higher. Santiment says that the supplies of the Ethereum (ETH)-based native tokens of decentralized exchanges SushiSwap (SUSHI) and Injective Protocol (INJ), decentralized finance platform CurveDAO (CRV) and cross-chain protocol Biconomy (BICO) are falling on exchanges as the assets are […]

The post Six Ethereum-Based Altcoins and Two Low-Cap Crypto Assets Flashing Bullish On-Chain Signal: Santiment appeared first on The Daily Hodl.

Economist Alex Krüger Goes ‘Max Long’ on Crypto Positions – Here Are His Altcoin Picks

Is XRP About To Rally? Crypto Analytics Firm Santiment Says One Metric Is Flashing a Historically Bullish Signal

Is XRP About To Rally? Crypto Analytics Firm Santiment Says One Metric Is Flashing a Historically Bullish Signal

Crypto analytics platform Santiment says that a bullish XRP signal, which preceded a huge rally in March, is once again flashing. The market intelligence firm says that daily XRP address activity is spiking to a level that historically preceded a breakout. According to Santiment, XRP saw its largest address activity spike in its history on […]

The post Is XRP About To Rally? Crypto Analytics Firm Santiment Says One Metric Is Flashing a Historically Bullish Signal appeared first on The Daily Hodl.

Economist Alex Krüger Goes ‘Max Long’ on Crypto Positions – Here Are His Altcoin Picks

Green means go: 5 spectacular altcoin rallies with one thing in common

Serendipity is "a fortunate discovery or event when things come together just perfectly." You can't plan for it... or can you?

In crypto trading we often see entire sectors move in tandem. DeFi coins may all curve upwards together, while metaverse tokens soared on news that Facebook’s getting a Facelift.

But this week’s group of top crypto performers have very little in common... except one trading indicator that lit up in pulsating green neon letters before their prices trended upward.

We’re looking today at:

  • Polygon (MATIC) — a layer-2 scaling solution for Ethereum
  • Aave (imaginatively, AAVE) — a decentralized finance (DeFi) asset
  • Voyager (VGX) — a crypto trading platform
  • Koinos (KOIN) — a feeless foundational blockchain built for scalability
  • Linear (LINA) — a cross-chain asset protocol

All have delivered major gains over the last month, and despite their differences they have one thing in common.

Each one achieved a VORTECS™ Score in excess of 90 before reaching their peak price levels.

In fact, all these tokens exhibited patterns of trading and social behavior that were strikingly similar to conditions in the past that preceded rallies. And once these tremendously robust trading conditions were detected, most of these cryptos entered virtuous cycles wherein their price dynamics generated increased trading and tweet volumes, which, in turn, powered the next phase of a rally.

Was there a chance for traders to hop on these moon-bound shuttles early?

A sign of extreme confidence

The indicator that screamed of the extremely bullish conditions is called the VORTECS™ Score, a tool available via Cointelegraph’s subscription-based data intelligence platform, Markets Pro.

Its job is to compare the current trading and sentiment conditions to historically-similar situations, and to alert traders when bullish patterns are detected. Live testing of the VORTECS algorithm has been ongoing for over ten months.

A VORTECS™ Score above 80 is considered confidently bullish. On average, there are from 30 to 50 weekly instances of assets crossing the 80-score threshold.

Scores of 90 or above, however, are rare. In an average week, there are usually no more than 4-5 instances of such scores, and sometimes a full week can pass without a single 90.

These ultra-high scores signify the algorithm’s strong confidence that the observed conditions are similar to those that preceded an asset’s stellar price performance in the past. As previously reported, scores above 90 sometimes precede price appreciation that can last for several days.

Here is how it worked with some of the highest-VORTECS™ assets this past month.

KOIN: +100% after peak score

KOIN, an asset whose first VORTECS™ Score had been calculated on Nov. 5, was off to a formidable start right out of the gate. The asset’s score touched the 90 mark several hours after its debut at the price of 22 cents.

Within a day, it reached a high of $0.44, a 100% increase. The pump was accompanied by additional 432% of trading volume and 221% of the usual level of tweets.

VORTECS™ Score (green) vs. KOIN price, Oct. 31 – Nov. 6. Source: Cointelegraph Markets Pro

It’s possible that the particularly striking results of the Koinos price appreciation event are partly attributable to its low market capitalization, which stood at just $20 million before the dramatic price rise.

MATIC: +35% after peak VORTECS Score

MATIC’s stellar run this month has been powered by a surge in the number of active Polygon addresses, as well as project launches on the Polygon network. The asset’s peak VORTECS™ Score of 94.2 came on Oct. 16 (red circle in the chart), when the asset was trading at $1.56.

VORTECS™ Score (green) vs. MATIC price, Oct. 5 – Nov. 5. Source: Cointelegraph Markets Pro

Following the peak score, MATIC’s price did not skyrocket immediately, as the favorable conditions did not fully materialize until almost two weeks later. However, the maximum price increase registered after the record Score amounted to 35%, with an attendant 6.68% spike in trading volume and a 11.08% increase in tweets mentioning the asset.

AAVE: +11% after peak score

AAVE’s high-water mark came on Oct. 18 when it flashed a VORTECS™ Score of 90.8. At that moment, the DeFi token had been changing hands for $304.

VORTECS™ Score (green) vs. AAVE price, Oct. 5 – Nov. 5. Source: Cointelegraph Markets Pro

AAVE’s ultra-high score anticipated a rally that lasted for another 11 days, culminating at the price of $338 registered on Oct. 29. The gains in trading and tweet volume were even more impressive: 488% and 118%, respectively.

LINA: +13.4% after peak score

LINA had its most bullish historical outlook registered on Oct. 11 when its VORTECS™ Score reached 90.2 against the price of $0.052.

VORTECS™ Score (green) vs. LINA price, Oct. 5 – Nov. 5. Source: Cointelegraph Markets Pro

The next phase of its price action saw the price rise to $0.059 over a seven-day period, accompanied by a staggering 439% increase in trading volume and 200% rise in tweets. 

VGX: +3.7% after peak score

Voyager Token (VGX) flashed its highest VORTECS™ Score of the month (91.9) rather late into its tremendous hike from $2.11 to $3.05.

VORTECS™ Score (green) vs. VGX price, Oct. 5 – Nov. 5. Source: Cointelegraph Markets Pro

The asset’s price continued to hover above $3 for the next four days, powered by a 42.89% increase in trading volume and a 10.19% more intense Twitter conversation in the aftermath of the historically bullish outlook. VGX’s momentum has somewhat faded in early November, yet the robust fundamentals could point to an impending resurgence.

We may conclude from previous analysis that looking at tokens that hit the VORTECS™ Score of 80 proved to be an efficient strategy for traders seeking to identify a range of assets with a good chance of performing well within the next few days. 

Focusing on those few that score beyond 90 may better serve Markets Pro members who prefer to operate on higher confidence levels and longer timeframes.

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.

Economist Alex Krüger Goes ‘Max Long’ on Crypto Positions – Here Are His Altcoin Picks

Small-cap altcoins push higher as Bitcoin bulls fight to hold $40,000

LINA, WRX and STORJ led altcoins higher even as Bitcoin bulls encounter resistance at the $40,000 level.

Bitcoin’s (BTC) recent surge above $40,000 injected a healthy dose of bullish optimism into the crypto market and further proof of this comes from the Crypto Fear and Greed index which has decreased from 'extreme' to 'neutral'. 

Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24 hours are Linear (LINA), WazirX (WRX) and Storj (STORJ).

Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro

The overall market conditions continue to improve following the now denied rumors that Amazon would begin accepting cryptocurrencies as payment at some point in 2021 which helped spark an increase of more than $155 billion in the total cryptocurrency market capitalization over the past three days.

LINA/USD

The top performer over the past 24-hours has been Linear, a decentralized delta-one asset protocol that is cross-chain compatible and capable of creating, trading and managing liquid synthetic assets.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for LINA on July 25, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. LINA price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for LINA began to turn green on July 24 and reached a high of 84 on July 25, just one hour before its price began to increase by 48% over the next three days.

The latest round of momentum for LINA came after the protocol announced that it would be listing PancakeSwap on the Linear exchange and this move appears to have helped the price recover above its 50-day moving average.

WRX/USDT

The second-biggest gainer in the past 24-hours was WazirX, an India-based exchange that claims to be the fastest-growing Bitcoin and cryptocurrency exchange in the country.

VORTECS™ Score (green) vs. WRX price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for WRX began to register green on July 22 as it reached a high of 74 and again climbed to 71 on July 25, around seven hours before its price began to increase by 38% over the next three days.

Related: XRP price skyrockets by 17% as double bottom chart pattern takes shape

Activity on the platform has been on the rise over the past couple of days as a result of an “India Wants Crypto” campaign that the exchange is running to help engage its community.

STORJ/USD

 Storj, an open-source cloud storage platform that utilizes a decentralized network of nodes to host user data and offers rewards to users who donate their computing resources to the network, also saw a strong breakout in the last 24-hours.

STORJ/USDT 4-hour chart. Source: TradingView

Data from TradingView shows that after hitting a low of $0.85 on July 27, the price of STORJ rallied 33% to an intraday high at $1.13 on July 28 after its 24-hour trading volume surged from an average of $25 million per day to $186 million.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Economist Alex Krüger Goes ‘Max Long’ on Crypto Positions – Here Are His Altcoin Picks