Last week, Cointelegraph Markets Pro, an institutional-grade crypto intelligence and alerts platform, provided its customers with the opportunity to trade three coins that started a momentum-driven price movement.
The advanced data analysis tools in Cointelegraph Markets Pro use three alert systems to highlight these coins.
- Newsquakes ™, which informs traders about potentially valuable news signals in real time, was triggered by Sommelier (SOMM) on Friday, March 17.
- The Twitter Volume Indicator, which measures project mentions and activity on the Twitter social media platform, reveals Immutable X (IMX) as a potential candidate for a significant price move before the move is fully implemented.
- One of the latest indicators from Cointelegraph Markets Pro, Most Active On-Chain, shows the project with the largest increase in the number of addresses on the chain in the last 24 hours and on Monday, March 20 highlights Ren (REN).
Collectively, these signals helped traders find assets that rose by up to 62% in a short period of time, and all three coins moved more than 100%. Let’s see how Cointelegraph Markets Pro helps customers understand the move.
Sommelier (SOMM) – gain 62%.
On Friday March 17th, the Newsquakes ™ alert was triggered on Sommelier (SOMM) due to an announcement on Gate.io regarding the sale results and upcoming listing schedule. The news also came with a 61.86% move for good for the price of the coin, which could have been taken by customers minding the sign and doing their due diligence.
Pure (REN) — 35%
Ren experienced a flurry of on-chain activity in the last 24 hours, experiencing a nearly 160% increase in the number of active addresses on the chain. At the same time, the price of the coin increased by almost 35%.
Note that this is not a causal relationship: Some coins experience an increase in on-chain activity but no subsequent price increase (like API3 and PYR) in the example above. This sign is an indication when prices can have potential price movements.
Immutable X (IMX) – 20% gain
Immutable X (IMX)’s market capitalization rose almost 20% after a 1.397% increase in Twitter Volume. The reason for using this data is that discussions shared by communities on social media such as Twitter can sometimes reflect asset price movements.
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-moving world of cryptocurrencies.
As you can see from the example above, and from the summary of the previously released VORTECS™ report, the platform provides the institutional-level insight needed to achieve consistent profitability. More importantly, most signals are made before the actual price occurs, giving the trader time to make a profit.
With tools like Cointelegraph Markets Pro, successful trading isn’t just for the elite – anyone can have data 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 advisor. We do not provide personal or individual investment advice. Cryptocurrencies are volatile investments and carry significant risks including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and graphs are correct when written or as specified. Directly tested strategies are not recommendations. Consult a financial advisor before making any financial decisions.
All ROIs quoted are accurate as of March 21, 2023…