Every week, subscribers of Cointelegraph’s Markets Pro data analytics platform receive a detailed breakdown of the top performers of the week and the VORTECS
Here are some of the highlights of the latest report:
- Axie Infinity Shard (AXS) recorded a new all-time high following a strong VORTECS
- Three out of ten top price movers flashed a VORTECS
Score of 80 or higher before peaking.
alerts gave traders an early signal for NEAR’s and RAY’s double-digit rally.
- The all-time top VORTECS
Scorers’ average gains against Bitcoin (BTC) demonstrated that the greatest returns come 24 and 72 hours after assets flash scores of 80 and 90.
- Community members shared information on interesting tokens and successful trading strategies.
AXS charts its own path to the moon
The stellar run of Axie Infinity’s AXS to a new all-time high at $155.27 also shocked many investors, and it deserves particular attention.
The asset’s whirlwind appreciation follows its growing utility in the virtual Axie Infinity universe where players breed, trade and battle nonfungible token (NFT)-based creatures called Axies to earn AXS alongside another token called Smooth Love Potion (SLP). There are now more than 1.85 million active players in the game, which marks a 4,500% increase since April 2021.
Clearly, the asset has seen quite a few explosive rallies on its way to the current valuation. The data generated throughout this time allowed the VORTECS
While the indicator will not tell investors when to go long or short, it can provide insights that are based on historically bullish or bearish conditions for a particular coin. According to the algorithm, the higher the score, the more likely it is that the observed conditions will be historically favorable for the next 12 to 72 hours.
In the case of AXS, historical precedent seems to be particularly instructive.
Between Sept. 25 and Oct. 2, AXS gained 76.67% against the U.S. dollar and 56.05% against Bitcoin, reaching a new all-time high above $117.
AXS saw its VORTECS
With an overall 60 days during which its VORTECS
However, AXS’ average returns following high scores are much better than those of RUNE.
On average, AXS gained 4% 24 hours after its VORTECS
The token’s price plateaued on Oct. 2 and 3 after recording its then-all-time high above $117. With the price still flat, AXS’ VORTECS
Currently, AXS’ VORTECS
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.