Last week, Cointelegraph Markets Pro, an institutional-grade crypto intelligence and alerts platform, offered subscribers the opportunity to trade three coins that embarked on momentum-fueled price moves.
Cointelegraph Markets Pro’s advanced data analysis tools used three alert systems to highlight these coins.
– Newsquakes™, which notifies traders in real time of news alerts that may change prices, was triggered by Sommelier (SOMM) on Friday 17th March.
– The Twitter Volume Indicator, which measures a project’s mentions and activity on the social media platform Twitter, exposed Immutable X (IMX) as a potential candidate for a significant price move before the move does not occur in its entirety.
– One of Cointelegraph Markets Pro’s newest indicators, Most Active On-Chain, shows the projects with the biggest increase in on-chain addresses over the past 24 hours and Monday, March 20 highlighted Ren (REN).
Collectively, the alerts helped traders spot assets that rose up to 62% in a very short time, and in total all three coins moved over 100%.Let’s see how Cointelegraph Markets Pro helped subscribers spot these movers.
Sommelier (SOMM) — gain of 62%
On Friday, March 17, a Newsquakes™ alert was triggered on Sommelier (SOMM) due to an announcement on Gate.io regarding its upcoming sales result and listing schedule.The news also came with a 61.86% move towards the good for the price of the coin, which could have been captured by subscribers monitoring their alerts and doing their due diligence.
Pure (REN) — 35%
Ren has seen a flurry of on-chain activity over the past 24 hours, seeing an almost 160% increase in the number of active addresses on the chain.At the same time, the price of the coin has increased by almost 35%.
Note that this is not a causal relationship: some coins experience an increase in on-chain activity, but no subsequent price increase (like API3 and PYR) in the example above.These alerts are an indication of when prices can have potential price movements.
Immutable X (IMX) — 20% gain
Immutable X (IMX)’s market capitalization increased nearly 20% after a 1,397% increase in Twitter volume.
The rationale for using this data is that widespread community-driven discussions on social media such as Twitter can sometimes foreshadow asset price movements.
Cointelegraph Markets Pro provides real-time alerts
Cointelegraph Markets Pro is a premium subscription service designed to provide retail traders and investors with real-time market data, analysis and insights to help them make informed decisions in the fast-paced world of crypto -currencies.
As shown in the examples above and summaries of previously published VORTECS™ reports, the platform provides traders with the institutional-grade information needed to capture gains consistently.More importantly, most alerts generated occur before the actual price occurs, giving traders time to capture profits.
With tools like Cointelegraph Markets Pro, successful trading isn’t just for the elite – anyone can have the data at their fingertips with customizable alerts.
Find out how Cointelegraph Markets Pro provides market-changing data before that information becomes public.
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 risks, including the risk of permanent and total loss.Past performance does not represent future results.
Figures and graphs are correct at the time of writing or as otherwise specified.The strategies tested live are not recommendations.Consult your financial advisor before making any financial decisions.
All quoted returns are accurate as of March 21, 2023….
