XHV, RUNE, REQ: Here’s how you can be tipped off to the week’s winners before they post strong gains

XHV, RUNE, REQ: Here’s how you can be tipped off to the week’s winners before they post strong gains

Mixed crypto markets that emerged late last year are not as lucrative as the previous blooming altcoin seasons. It is much harder to find winners in these times than there were during bull times. The extensive research required to identify them can be a full-time job. There are many ways to outsource this work.

Although the past price action of digital assets is not a reliable indicator of their future, it can provide valuable clues. Complex patterns of trading, as well as social sentiment metrics, that drive dramatic price increases for tokens often recur. These cues can be used by savvy traders to predict price movements.

VORTECS(tm), Score is one of the tools that can analyze the history of assets to provide actionable insights. This machine learning tool, which is only available to subscribers to Cointelegraph Markets Pro and other market analysts, shows whether the current combination of market-related metrics for each coin is historically bullish, neutral, or bearish.

The Score is a measure of how bullish the token is for the next 12 to 24 hours. Scores above 80 are considered confidently bullish. This means that current trading conditions are very similar to those that were present in the past, which is why scores of 80 or higher are considered confidently bullish.

This is how it turned out for some of the top-performing digital assets this week.

XHV: The moon is the offshore crypto bank

VORTECS(tm), Score (green/gray) and XHV price, white, March 8 – 15. Source:Cointelegraph Markets Pro

Haven Protocol, a Monero Fork, which markets itself as an “offshore banking institution” without a bank, saw its Haven cryptocurrency (XHV), experience a significant price boost on the news about Western sanctions against Russia. Also, the general narrative of financial privacy is gaining momentum. Haven, a privacy-focused “ecosystem untraceable assets”, allows anonymous asset exchanges.

Historical bullish patterns began to emerge around the token’s trading and social activity. On March 10, XHV’s VIRTECS(tm), Score peaked at 88, against a $2.37 price. The asset’s price surged to $3.73 within nineteen hours.

RUNE: Bullish patterns are created by strong fundamentals

VORTECS(tm), Score (green/gray) and RUNE price (white), February 8 – 15. Source:Cointelegraph Markets Pro

Strong fundamentals rolled into the week for THORChain’s RUNE. On March 10, the token experienced its first upside. RUNE rose to $5.52, a local high. Its VORTECS(tm Score reached 84 shortly thereafter. This suggests that the best was yet ahead, as per historical precedent.

It was clear that the recurring pattern wasn’t lying: The rally continued, aided by the announcement that THORChain would launch the new Thorfinance protocol and a native stablecoin. RUNE’s price took a sharp upward trajectory just 40 hours after VORTECS(tm), with its price jumping from $5.64 up to $7.94 in the course of the rest of the week.

REQ: Flash rally possible because of strong trading conditions

VORTECS(tm), Score (green/gray) and REQ price (white), February 8 – 15. Source:Cointelegraph Markets Pro

REQ is the native token for Request Network, an Ethereum-based decentralized payment system. After the support for Jarvis Network’s stablecoin, jEUR (euro-pegged), the asset’s price surged on March 13-14 in a two-legged rally. A bullish arrangement of trading metrics, social sentiment indicators and trading metrics was created by the favorable news environment. The peak VORTECS(tm), Score of 82 on March 14 captured this. Eleven hours later the positive outlook was realized in a pump of $0.20 to $0.25 in less than four hours.

A trading indicator that uses algorithmic trading cannot give a complete picture of a token’s current state and future prospects. Combining the VORTECS(tm), Score and analysis of fundamentals, and the news environment, can help traders identify large winners hours before the powerful upsides kick in.

Cointelegraph is not an investment advisor, but a publisher of financial information. We don’t offer personalized or individualized advice on investment. Cryptocurrencies can be volatile investments that carry high risk, including total and permanent loss. Past performance does not necessarily indicate future results. All figures and charts are accurate at the time of writing, unless otherwise stated. Strategies that have been tested in real life are not recommended. Before making any financial decisions, consult your financial advisor.

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Amy Jimenez

Amy Jimenez– Services My name is Amy Jimenez, and I am the main writer behind the" allthetopnews.com" for the ground-breaking and most fragile bits of knowledge into the most recent news in the services sector. I began my voyage of work as an autonomous investment advisor. I had around 4 years of involvement in this field. I am a free soul so; my energy for investigating the world has taken me to the countries over the globe and allowed me to report for a part of the best news affiliations. At present, I am a full-time manager as experienced in the account and began to utilize my capacities.

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