Cointelegraph Markets Pro, As a data platform that was developed to improve the competitive conditions for cryptocurrency market participants, it is available to the public after a successful test phase.
The platform, which has been in development for a year, is the result of an extensive analysis of the cryptocurrency markets and the main driver behind asset price movements.. It was jointly developed by Cointelegraph and The TIE, a leading provider of cryptocurrency data, analysis and software, whose clients include leading hedge funds, market makers and OTC desks.
VORTECS Score Test
The heart of the platform is the VORTECS score, Here, the current market conditions for more than 130 crypto assets are compared with historically similar market scenarios. A proprietary algorithm analyzes these historical conditions and looks for consistent patterns in market behavior in the days that follow.
“While cryptocurrency markets may appear volatile, the volatility often shows remarkable consistency.” said the CEO of Cointelegraph, Jay Cassano. “While we all know that past performance is not an indication of future results, the Markets Pro platform combines sentiment analysis and social media activity with real-time market conditions in a way that allows us to create very specific models. “
“The story doesn’t predict anything, but it can be very informative.”
According to Joshua Frank, CEO of The TIE, the VORTECS beta tests produced convincing results.
“We tested every score that exceeded a certain threshold in our active beta phase,” said Frank. “When the VORTECS score for a specific crypto asset exceeded 70, we saw an average price increase of 7.61% over the next 24 hours and 25.9% over the next seven days.”
Frank pointed this out When the score passed the 80 threshold, the net wealth gained over the next 24 hours was 8.58% and over the next week it was 28.2%.
“With most cryptocurrency traders switching to other assets such as bitcoin, the real measure of success during a bull market is of course whether the assets that exceeded those thresholds made gains over the crypto market as a whole.” Frank continued.
“And that’s exactly what happened: over the course of a week, assets with 70 points increased by an average of 21.3% compared to the coin universe and assets with more than 80 points increased to 23.8%.”
Breaking news hits the headlines faster
Cointelegraph Markets Pro also has NewsQuakes, a comprehensive headline aggregator considered the fastest in the cryptocurrency industry.
“We’ve been working with The TIE for a year to identify and isolate the key price drivers in the news cycle,” said Cointelegraph’s Editor-in-Chief. Jon Rice.
“Token Burnings, Exchanges, Partnerships and Announcements are some of the headlines that tend to move markets. The Markets Pro platform uses AI to examine the thousands of sources we analyze every minute and provides vital insights into those events directly to Markets Pro subscribers often within seconds. “
Rice suggested that when a cryptocurrency asset is listed on Coinbase, for example, there is often a rapid and significant price increase. “These announcements can provide a quick return on investment for traders who are quick to spot them,” he said.
“For example, our NewsQuake system delivered the news of Filecoin’s listing in December, one minute after the announcement and almost 60 seconds before the Coinbase team tweeted. This window is important for dealers. “
Rice also noted that for many currencies, The time between an ad in the native language of the exchange and an English version can be much longer, but the NewsQuake service supports multiple languages and translates them in real time.
Market information for everyone
Markets Pro subscribers also get access to community functions. Members, managed by teams from Cointelegraph and The TIE, can join the discussion with fellow enthusiasts, share strategies and ideas, and access unique research from the experts.
Cassano hopes that the combination of real-time news and algorithmic modeling will make cryptocurrency markets more accessible to investors of all types. “We have seen a global surge in interest in cryptocurrencies as well as the recognition that the information asymmetries inherent in existing financial markets tend to be compared to that of the average investor. I hope Markets Pro can help improve the playing field in the crypto industry. “
Frank repeated the feeling and explained that “When we started building The TIE more than three years ago, we had a unique goal: to enable millions of everyday investors around the world to make more informed decisions with reliable and transparent cryptocurrency data. The challenge was to synthesize the billions of data points we collect and share information that is useful and insightful to everyone. “
Cointelegraph Market Pro can be found here