algorithm

Cointelegraph Markets Pro delivers trading alerts good for 65% gains in a choppy market

Using proprietary indicators, Cointelegraph Markets Pro crunches real-time data to inform traders before the market moves.

Navigating the ever-volatile terrain of the crypto market remains one of the most difficult jobs for traders — but much less so for members of the Cointelegraph Markets Pro community. 

With an institutional-grade crypto intelligence platform at their service, Cointelegraph Markets Pro subscribers have been able to spot significant price movements for crypto assets before the market moves on a regular basis.

This prescient ability is actually the working of Cointelegraph Market Pro’s algorithmic tools, which are designed to spot coins showing historically similar signs to coins that have moved significantly in the past.

Last week, Cointelegraph Markets Pro alerts by the NewsQuakes™, Twitter Volume and On-Chain Activity indicators led Markets Pro members to opportunities to make 65% gains with just three trades!

OAX (OAX) — 39% increase

Most Active On-Chain activity table from Friday, March 24. Source: Cointelegraph Markets Pro

On-Chain Activity on OAX skyrocketed 405% on March 24, hinting at a massive growth spurt in the potential users of the platform. While this increase does not mean a price increase is inevitable (as the other examples show), it demonstrates how On-Chain Activity growth could be a precursor to massive price spikes.

In this example, OAX’s price increases 39% soon after the increase in on-chain activity.

OAX is the native coin of OAX Foundation, which strives to advance decentralized finance through tools, technology, applications and community support.

Arbitrum (ARB) — 14%

Arbitrum NewsQuakes™ listing from Friday, March 24. Source: Cointelegraph Markets Pro

Arbitrum jumped 14% on news of its listing on the Crypto.com platform.

NewsQuakes™ have been the Cointelegraph Markets Pro community’s most lucrative and trustworthy indicator. Historically, had one bought and held every NewsQuakes™ listing alert for one hour, one could have yielded as much as $120,000 from a starting stake of just $1,000 — that’s 120x profit!

ARB is the native coin of Arbitrum, a layer-2 scaling solution built on the Ethereum network.

OmiseGo (OMG) — 12%

Price chart of OmiseGo’s surge in Tweet volume March 24. Source: Cointelegraph Markets Pro

OmiseGo jumped 12% in market capitalization soon after its Tweet Volume increased by 158% compared with its 30-day average. The Tweet Volume indicator measures public sentiment about a coin, which can precede a significant price change as seen in the example above.

OMG is the native coin of OmiseGo, an interoperable decentralized exchange and payment platform.

The Cointelegraph Markets Pro advantage

While most traders are left to fend for themselves in the highly competitive crypto trading markets, Cointelegraph Markets Pro subscribers find themselves in a community of like-minded individuals, fueled by algorithmic tools and institutional-grade data.

As such, members have had the opportunity to catch several winning trades each week and to actively learn from the trading experience. The Cointelegraph Markets Pro platform provides members with alerts like these on a nearly daily basis, based on real-time data, transforming any market environment into one capable of yielding gains.

Tired of coming in second to institutions and missing out on trading opportunities? If so, there’s only one place to go.

See how Cointelegraph Markets Pro delivers market-moving data before this information becomes public knowledge.

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 adviser before making financial decisions.

All ROIs quoted are accurate as of March 28, 2023.

How Crypto Twitter could change under Musk’s leadership

Musk has not been shy about touting his vision for Twitter in the past, flagging free speech and eliminating spam bots and fake accounts as particular points of interest.

Barring another change of heart and certain conditions to be met, Elon Musk’s acquisition of Twitter looks set to go ahead, prompting the question of whether some or all of the changes he initially hinted for the platform will become a reality. 

The platform is a popular communication and news tool for crypto enthusiasts, users and investors, not to mention crypto scammers. The social media platform sees roughly 120,000 tweets per day about #Bitcoin alone, according to BitInfoCharts.

Looking back at Musk’s initial commentary when he proposed a buyout of Twitter could shed some light on what changes he envisions for the platform.

A focus on free speech, eliminating spam bots and fake accounts, an edit function, and possibly even crypto payments have all been considered and could still be on the agenda if the deal goes through.

Spam bots and fake accounts

One potential area of focus is around Twitter’s alleged spam bots.

During a TED Talk in Vancouver in April, Musk said that if his offer to buy Twitter were successful, a “top priority” would be the elimination of spam and scam bots from the platform, noting at the time:

“A top priority I would have is eliminating the spam and scam bots and the bot armies that are on Twitter.”

“They make the product much worse. If I had a Dogecoin for every crypto scam I saw, we’d have 100 billion Dogecoin,” he said.

He has proposed to topple them by “authenticating all humans,” and even made the statement: “We will defeat the spam bots or die trying!”

Issues relating to spam bots later became one of the key arguments Musk used to try to walk away from the deal.

Free speech, and the return of Trump?

Musk initially addressed his stance on free speech in a tweet back in April, stating at the time, “I hope that even my worst critics remain on Twitter, because that is what free speech means.”

In the months since, he has not publically changed his stance and elaborated on what that could mean for the platform, including a return of former United States President Donald Trump, who was permanently banned from Twitter following the Jan. 6, 2021, U.S. Capitol riot.

Musk stated in a May 13 tweet that while he thinks Trump should probably not run for president again because he is “divisive,” he does think he should be “restored to Twitter.”

Algorithm made public

Musk has also thought about making Twitter’s algorithm accessible to the public, even creating a poll that ultimately saw over 1 million votes and had 82% of respondents saying “Yes” to the proposal.

It’s not entirely clear what Musk has in mind, but it could mean allowing the software to be open for public inspection and allowing users to read the code, use it for their applications and make suggestions for changes to how it works.

Other ideas

Other ideas have either fizzled out or have already been implemented, such as plans to use blockchain technology and charging 0.1 Dogecoin (DOGE) per tweet or retweet, which Musk later said would not be feasible.

Related: Musk’s deal for Twitter looks set to go with original $44B price tag

Musk also had the idea of adding an edit button and long-form tweets. However, Twitter may have beaten him to the punch with the edit button after the platform revealed that option recently.

The crypto community continues to be divided over whether the move will be a positive move for the platform, but others have taken to poking fun at the whole situation.

Twitter appears ready to accept the terms of the deal, announcing in an Oct. 4 Twitter post it intends to close the transaction at $54.20 per share.