On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
VORTECS™ Report: This quant-style indicator alerted traders to 3 out of 4 triple-digit rallies this week
Every week, subscribers of Cointelegraph's data analytics platform receive a detailed breakdown of each algorithmic tool's performance.
Cointelegraph's Markets Pro data intelligence service, which offers institutional-grade research tools for crypto traders, has shared the latest weekly VORTECS™ Report with its community of subscribers.
The full report, available only to subscribers, presents the past week's biggest-gaining tokens as identified by the platform's artificial intelligence tools and offers interpretations of the data that it provides to traders. Here are some of the highlights of the latest issue:
- Three out of four altcoins with triple-digit weekly gains flash high VORTECS™ Scores before their prices peak.
- Markets Pro subscribers take profit from FTM's and OGN's rallies thanks to the platform's data intelligence tools.
- Assets with high VORTECS™ Scores keep yielding consistent average returns, with double-digit average ROIs coming after 24 and 48 hours.
- All-time top coins: RUNE, AXS and VGX remain on top in terms of the number of days with high scores.
- IOST and RLY ride well-timed NewsQuakes™ to generate hefty gains.
- Altseason in full swing: Altcoins generate 17.8% weekly ROI against Bitcoin's 3.2%.
The VORTECS™ Score is an algorithmic indicator comparing historical market and social conditions around each coin to those currently observed. Exclusively available to subscribers of Cointelegraph Markets Pro, each asset's VORTECS™ Score indicates whether the present combination of the coin's market and social metrics is historically bullish, bearish or neutral.
Here is how it can be used to inform traders' decision-making.
Anticipating FTM's breakout
Fantom's FTM added a staggering 127.08% to its value over the seven-day period. After the coin's price soared from around $0.50 to over $0.80 early in the week, its VORTECS™ Score held above 80 for a formidable 47 hours, even despite a correction kicking in. High VORTECS™ values above 80 are marked in dark green on the charts — like the one above — that compare a coin's price to its VORTECS™ Score.
The score dynamic thus suggested that the market and social conditions of FTM that were observed by the algorithm h consistently ripe for further upside.
Several hours after FTM's highest score of the week — 84 (red circle in the chart) — the asset continued its impressive run as its value further increased from $0.70 to $1.17. Some Markets Pro subscribers later reported having capitalized on the insight:
Foreshadowing OGN's second leg up
Origin Protocol's OGN posted a series of ultra-high VORTECS™ Scores — reaching 87 in the early hours of Sept. 2 (red circle in the chart) — as its price fluctuated between $1.14 and $1.19. Less than 30 hours after the peak score was registered, the coin took off on a steep trajectory that saw it touch $1.36 the next day.
Judging from posts on the Markets Pro Discord server, community members managed to derive profits from this one, too:
In the crypto market, much like anywhere else, history doesn't exactly repeat itself — but it often rhymes. When history is represented by a collection of quantitative metrics, an industry-grade artificial intelligence tool like the VORTECS™ Score can support traders' decision-making by alerting them to the conditions under which an actionable rhyme is most likely to occur.
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 advisor before making financial decisions.
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