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 …
What does a highly volatile asset class offer traders, beyond palpitations and the occasional heart attack? Opportunity. Nicole Wirick of Prosperity Wealth Strategies in Michigan summed it up for Forbes: “Market volatility is a normal part of investing and is to be expected in a portfolio. If markets went straight up, then investing would be easy and we’d all be rich.” And during the decade-long bull market on Wall Street, some participants who should know better appear to have forgotten this, as they’ve become used to steadily-increasing stock prices over a period of years. JPMorgan Chase CEO Jamie Dimon, who …
Crypto traders will take any edge they can get. From fundamental research on long-term prospects to short-term price pumps created by new exchange listings, the 24/7 digital asset market provides opportunities for investors and traders of all stripes. But this week, those traders who incorporate the Cointelegraph Markets Pro VORTECS™ Score into their research had a special reason to celebrate the inherent volatility that makes risk-averse traders cringe… and seasoned crypto pros pop champagne corks. LPT, the Ethereum-based native token of decentralized video streaming network Livepeer, has seen some extraordinary ups and downs over the last three months. Valued at …
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 with 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 …
Data shows that AAVE and Polygon (MATIC) traders are currently being paid up to 4.3% per week to long future contracts. In the crypto markets, traders are usually bullish, or at least the majority of retail investors are. This causes an interesting phenomenon as it incentives arbitrage desks and whales to sell futures contracts while simultaneously buying on regular spot exchanges. The above chart shows the incredible 240% gain accumulated in 2021 as crypto reached a $2.58 trillion total capitalization on May 11. The 53% correction that followed over the next week led to a $1.3 trillion bottom, decimating $32 …
Bitcoin may be suffering through a succession of negative news stories, but some crypto investors are still celebrating major gains in 2021’s altcoin bull market. Since January 3 this year, Cointelegraph Markets Pro has been live-testing 42 separate automated strategies based on the proprietary VORTECS™ algorithm developed in partnership with The TIE, a data analytics firm. Let’s not be humble about this: VORTECS™ has crushed it. Of those 42 strategies, every single one has beaten the return on investment (ROI) delivered by Bitcoin for hodlers who refuse to part with their BTC. And even when compared to holding an evenly-weighted …
As Bitcoin goes, so go we all. It’s etched into the consciousness of crypto traders because the price of altcoins so often trends closely with the price of Bitcoin (BTC). If the original cryptocurrency rallies, so does the rest of the crypto market. Whenever BTC tumbles, it invariably drags its smaller siblings down with it. Yet, as the crypto industry matures and many blockchain projects begin to generate their own unique value, the link between the price of Bitcoin and that of many alternative digital assets grows more tenuous. The fact that the BTC dominance indicator currently sits at a …
The fundamental value drivers of cryptocurrencies have been questioned a lot since the 2017 bull run. Professional investors that are considering an allocation into digital assets are wondering what the assets’ real value is. A recent report by crypto-asset manager Iconic Funds and Cryptology Asset Group, a leading European asset manager for crypto assets and blockchain-based businesses, aims to shed light on this topic. The fundamental value of each cryptocurrency depends on its unique use case, which makes it impossible to apply a single valuation method to every token. For example, Bitcoin (BTC) can be analyzed with traditional commodity valuation …
Decentralized finance (DeFi) has emerged as a transformational force for not just the cryptocurrency market, but for financial markets in general in 2021 thanks to the ease of access and security offered by blockchain-based protocols which operate on smart contracts. One project that is looking to take the simplicity of DeFi to the next level is Celo (CELO), an open blockchain ecosystem that makes financial tools accessible to anyone with a mobile phone. Data from Cointelegraph Markets Pro and TradingView shows that the price of CELO rallied 50% from a low of $4.29 late on May 16 to an intraday …
Ethereum infrastructure development platform Polygon’s MATIC token hit new all-time highs on May 18 to become the best-performing cryptocurrency on the day. MATIC hits fresh record high Cointelegraph Markets Pro and TradingView showed MATIC/USD reaching $2.18 during trading on May 18 in firm defiance of the broader market downtrend. After being listed on major exchange Kraken on May 17, MATIC surged, continuing a dramatic uptick that had begun when Kraken released the news earlier this month. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for MATIC on May 12, prior to the recent price rise. The …
When Elon Musk’s ‘Bitcoin is bad for the environment’ tweet caused a flash crash of BTC and the majority of altcoins’ prices earlier this week, a handful of digital assets headed in the opposite direction, making huge gains amid the sea of red. Those were the tokens that market themselves as environmentally friendly capitalizing on investors’ immediate instinct that Tesla might be switching to some alternative, eco-friendly cryptocurrency soon. NANO’s moment of unsustainability Among the biggest winners of the day was NANO, a decentralized cryptocurrency that relies on a consensus algorithm similar to proof of stake and that emphasizes its …
Major protocol upgrades are one of the most potent sources of price movement for cryptocurrency projects as community members and investors get excited about new features and traders rush in to “buy the rumor and sell the news.” One protocol that has seen its price rise to new heights this week, despite the overall bearish conditions affecting the market, is Kusama (KSM), an experimental blockchain platform and a sister chain to Polkadot’s platform. Kusama is designed to provide an interoperable and scalable framework for developers. Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low of …