In the world of technical analysis, any tool that gives traders a glimpse of the next possible market move is highly valued, as an early sign of impending price action can turn an average trade into a multi-exchange.
In an unusual fact, Cointelegraph Markets Pro just released a VORTECS ™ Score of 98, one of the highest scores ever recorded, for a so-called altcoin. Everipedia (IQ). The project is a blockchain-based encyclopedia that has the vision to create “a world where all knowledge is available to everyone”.
Although the VORTECS ™ Score is merely an indicator and does not guarantee any specific results in regards to the scores it provides, previous instances of scores above 95 have often been followed by significant price increases in the associated asset. The indicator works by comparing historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements, and Twitter activity.
A walkthrough of the Everipedia Twitter account indicates that the increase in VORTECS ™ Score may be associated with the recent launch of non-fungible token (NFT) giveaways for IQ stakers through a partnership with Polygon and Chainlink.
#NFT raffles powered by #Chainlink VRF on Polygon are launching for IQ stakers #HiIQ.
The first raffle includes 15 limited edition @therealjuicyj NFTs.
To enter stake some IQ with #HiIQ before Nov. 1 at 18:00 UTC.
HiIQ APY is over 300%. https://t.co/hGF4HVrQZY
– Everipedia (@Everipedia) October 25, 2021
According to the announcement, Those interested who want a chance to win one of the limited series NFTs have to stake IQ tokens with HiIQ before November 1 at 18:00 UTC.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Each investment and trade movement involves a risk, you must carry out your own research when making a decision.
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