Last week, Cointelegraph Markets Pro, an institutional-grade crypto intelligence and alerts platform, provided subscribers the opportunity to trade three coins that embarked on momentum-fueled price moves.
The advanced data analysis tools at Cointelegraph Markets Pro used three alert systems to highlight these coins.
- Newsquakes™, which inform traders of potentially price-moving news alerts in real time, was triggered by Sommelier (SOMM) on Friday, March 17.
- 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 occurred in full.
- One of Cointelegraph Markets Pro’s newest indicators, Most Active On-Chain, shows the projects with the biggest increase in the number of addresses on-chain over the last 24 hours and on Monday, March 20 highlighted Ren (REN).
Collectively, the alerts helped traders spot assets that moved up to 62% in a very short period of time, and altogether, the three coins moved more than 100%. Let’s see how Cointelegraph Markets Pro helped subscribers spot these movers.
Sommelier (SOMM) — 62% gain
On Friday March 17, a Newsquakes™ alert was triggered on Sommelier (SOMM) due to an announcement on Gate.io about its upcoming sale result and listing schedule. The news also came with a 61.86% move to the good for the price of the coin, which could have been captured by subscribers minding their alerts and doing their due diligence.
Ren (REN) — 35%
Ren experienced a flurry of on-chain activity over the last 24 hours, experiencing nearly a 160% increase in the number of active addresses on chain. At the same time, the coin’s price saw a rise of nearly 35%.
Note that this isn’t a causal relationship: Some coins experience an increase in on-chain activity but no subsequent price increases (like API3 and PYR) in the example above. These alerts are an indication of when prices can have potential price moves.
Immutable X (IMX) — 20% gain
Immutable X (IMX)’s market capitalization rose nearly 20% after a 1,397% surge in Twitter Volume. The rationale behind using this data is that widespread, community-driven discussions on social media such as Twitter can sometimes foreshadow asset price movement.
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 cryptocurrencies.
As can be seen from the examples above, and from previously released VORTECS™ report summaries, the platform provides traders with the institutional-grade insight needed to capture gains on a consistent basis. More importantly, most of the alerts generated occur before the actual price happens, giving traders the time to capture profits.
With tools like Cointelegraph Markets Pro, successful trading doesn’t belong only to the elites — anyone can have the data right at their fingertips with customizable alerts.
See how Cointelegraph Markets Pro delivers market-moving data before this information becomes public knowledge.
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 adviser before making financial decisions.
All ROIs quoted are accurate as of March 21st, 2023…
Joseph Spezzano received a Masters Degree in computer science from The University of Massachusetts. Joseph has been working as a full-time blockchain programmer for the past 5 years. In his spare time, Joseph enjoys writing for CryptocurrencyInvestments.com and traveling.