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VORTECS™ Report For October 16
VORTECS™ Report For October 16
Important Disclaimer
Cointelegraph is a publisher of financial information, not an invest-
ment adviser. We do not provide personalized or individualized in-
vestment advice. As a condition of using Markets Pro you acknowl-
edge and agree that no Content published or otherwise provided
as part of any Service constitutes a personalized recommendation
or advice regarding the suitability of, or advisability of investing in,
purchasing or selling any particular investment, security, portfolio,
© 2021 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. commodity, transaction or investment strategy. Cryptocurrencies
are volatile investments and carry significant risk. Consult your
financial advisor before making financial decisions.
TOP GAINERS OF THE WEEK
IQ +33.66% +26.58%
Bitcoin’s powerful momentum has somewhat cooled off this week, as the original cryptocur-
rency spent most of the week fluctuating between $54,000 and $58,000. Still, BTC managed
to book 6.6% of profit against the dollar over the last 7 days. The altcoin market only gener-
ated a cumulative 3.3% in the same period.
A group of altcoins, however, did much better than the average, with top 10 alts yielding
between 22% and 56% against USD and between 16% and 51% against BTC. Four out of ten,
including those that ranked #1 (SCRT) and #3 (STX) among the week’s top gainers, hit high
VORTECS™ Scores before their prices reached the week’s peak values.
Please note that weekly ROIs and score statistics reflect the figures as of Thursday of the week
of the report. The table above reflects token price dynamics between Oct. 7 and 14.
SECRET
SCRT
The week’s top asset in terms of price change, Secret (SCRT), also
sported an impressive VORTECS™ Score record. Early in the week,
the first spike of its price – from around $3.80 to $4.90 – followed
a series of moderately high Scores, ranging from high sixties to low
seventies.
That was only the beginning. As the opening leg of the rally stalled
and SCRT’s price dipped a little, the token’s VORTECS™ Score sprang
to the high of 84, sensing a historically favorable outlook. Some 13
hours later, another upside kicked in as the token’s price hiked from
around $5 to the week’s high at $6.92.
STACKS
STX
Sure enough, 16 hours after the peak VORTECS™ Score of the week
had been registered, STX’s rally resumed toward the high of $2.39.
HARMONY
ONE
The table on the next page presents average returns made by coins after they
cleared a score of 80, 85, or 90.
Each asset could only yield one observation per day, i.e. if a coin went from 79 to 81,
then back to 79 and then to 80 once again in a few hours, only its first entry to 80+
would count.
Occurrences 38 14 4
Figures starting at the 12-hour mark are usually more informative. Another
extremely consistent pattern observed in average returns data is that the
longer the wait, the higher the return. Week after week, almost unfailingly,
the figures for the 80, 85, and 90 Score thresholds suggest that patience is a
superior virtue even in the fast-moving crypto market.
TOMOCHAIN
TOMO
TOMO was trading at $2.05 when the news hit, and the ensuing ral-
ly saw it reach $2.37 in under two days – an increase of more than
15%. As can be seen in the chart, Markets Pro subscribers were
there early to benefit from the market-moving news thanks to the
timely NewsQuake™ alert.
NEAR PROTOCOL
NEAR
While altcoins have been doing slightly better in the first half of the week, Bitcoin took the
lead in the second half to close the 7-day period 6.3% up, while alts only added 3.3%
The Altseason indicator has been indecisive for much of the week,
alternating between a few percent into either Altcoin or Bitcoin
season. At times it could be seen hovering exactly in the middle,
not giving a slightest preference to either side.
This behavior suggests that the current combination of market conditions does not
resemble any patterns from the past that systematically preceded either Bitcoin or
altcoins’ strong relative performance.
© 2021 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. 10/11
MARKETS PRO COMMUNITY
D koinz
Important Disclaimer
Cointelegraph is a publisher of financial information, not an
investment adviser. We do not provide personalized or indi-
vidualized investment advice. As a condition of using Markets
Pro you acknowledge and agree that no Content published or
otherwise provided as part of any Service constitutes a person-
alized recommendation or advice regarding the suitability of,
or advisability of investing in, purchasing or selling any partic-
ular investment, security, portfolio, commodity, transaction or
investment strategy. Cryptocurrencies are volatile investments
and carry significant risk. Consult your financial advisor before
making financial decisions.