Last week, Cointelegraph Markets Pro, an institutional-grade cryptocurrency alerts and intelligence platform, provided subscribers with the opportunity to trade three currencies that embarked on impulse-driven price movements.
Cointelegraph Markets Pro’s advanced data analysis tools used three alert systems to highlight these coins.
- Newsquakes™, which alerts traders to potentially price-inducing news in real time, was activated by Sommelier (SOMM) on Friday, March 17.
- The Twitter Volume indicator, which measures mentions and activity of a project on the social media platform Twitter, exposed Immutable X (IMX) as a potential candidate for a significant price move before the move was fully realized. .
- One of the most recent Cointelegraph Markets Pro indicators, Most Active On-Chain, shows the projects with the largest increase in the number of on-chain addresses in the last 24 hours and Ren (REN) stood out on Monday, March 20.
On the whole, the alerts helped traders spot assets that moved up to 62% in a very short period of time, and together, the three currencies moved more than 100%. Let’s see how Cointelegraph Markets Pro helped subscribers spot these moves.
Sommelier (SOMM) – 62% profit
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 up for the coin price, which could have been picked up by subscribers who cared about their alerts and did their due diligence.
Ren (REN) — 35% profit
Ren experienced a flurry of on-chain activity over the last 24 hours, seeing a nearly 160% increase in the number of active addresses on-chain. At the same time, the price of the coin experienced a rise of almost 35%.
Note that this is not a causal relationship: Some coins experience increased on-chain activity, but do not rise in price (such as API3 and PYR) in the example above. These alerts are an indication of when prices may have potential movements.
Immutable X (IMX) — 20% gain
Immutable X (IMX) market capitalization rose nearly 20% following a 1,397% increase in Twitter volume. The reason for using this data is that widespread, community-driven discussions on social media like Twitter can sometimes herald asset price movement.
Cointelegraph Markets Pro provides real-time alerts
Cointelegraph Markets Pro is a premium subscription service designed to provide traders and retail 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 previously published VORTECS™ report summaries, the platform provides traders with the institutional-level perspective needed to consistently profit.. More importantly, most of the generated alerts occur before the actual quote occurs, giving traders the necessary time to capture profits.
With tools like Cointelegraph Markets Pro, successful trading isn’t just for the elite – anyone can keep the data at their fingertips with customizable alerts.
Find out how Cointelegraph Markets Pro provides data on market movements before this information is in the public domain.
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 graphs are correct at the time of writing or where otherwise specified. Tested strategies do not constitute recommendations. Consult your financial adviser before making financial decisions.
All returns quoted are correct as of March 21, 2023…
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.
