It’s been another great week for altcoins as the total market capitalization of all cryptocurrencies moves within spitting distance of the $2 trillion mark.
And it’s been equally positive for the Cointelegraph Markets Pro platform, which tracks crypto market conditions and real-time headline news in the blockchain industry to deliver market intelligence for every investor.
Markets Pro offers two unique features: The VORTECS™ Score, an algorithmically-derived weighted score that compares current market conditions to historically-similar marketscapes, and NewsQuakes™ — the industry’s most rapid aggregator of market-moving news, analyzed and collated from over a thousand primary sources every minute.
In this weekly report we analyze the most important highlights from the week’s events on Markets Pro.
Top VORTECS™ Score gains this week
Between March 26 and April 1, the three best-performing assets identified by Cointelegraph Markets Pro were Storj (+121%), Filecoin (+115%), and Holochain (+111%). All three rode green waves powered by patterns of trading and social activity that the VORTECS™ model has seen before — as described in our description of how the algorithm works.
Analyzing STORJ
As the graph above demonstrates, the cloud storage token STORJ recorded a streak of high VORTECS™ scores, marked by the first red circle, roughly 60 hours before the price spike on April 1 (first and second red boxes).
This price increase could also be explained by the effect of Storj-USDT margin swaps being listed on Huobi Futures the same day, an announcement captured in a NewsQuake™. Those using Markets Pro intelligence in their market research had the advantage of this powerful dual-validation pointing to both historically auspicious market conditions and favorable news around the asset following its recent listing on Coinbase.
Analyzing Filecoin (FIL) and Holochain (HOT)
Indeed, this has been a good week for storage coins. The second-best performer, Filecoin, pulled off a rally that saw it appreciate from around $125 to $233 in two days.
As seen in the graph above, some 24 hours before the price took off Filecoin’s VORTECS™ Score ventured into the 80+ territory for a few hours, marked by the red circle.
The rise of another big winner of the week, Holochain (seen below), also unfolded following a sequence of strong VORTECS™ scores, ranging from high 60s to high 70s, with a peak of 82 (red circle in the graph) coming around 50 hours before the asset began its ascent from $0.010 to $0.019.
Understanding VORTECS™: The relationship between the score and Newsquakes™
Some users wondered whether NewsQuakes™ are a constituent part of the VORTECS™ score. The short answer is no. These are two completely different functionalities within Markets Pro that can complement each other but can also be used separately.
In fact, some of the NewsQuakes™…
Read More: Storage coins rev up gains as Markets Pro rides the green wave