AXS wrested control of the 2021 bull market to become one of the top-performing tokens, and Cointelegraph’s Markets Pro indicators accurately tracked each step of the journey.
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™ Score indicator’s performance in tracking potential bullish and bearish developments.
Here are some of the highlights of the latest report:
- Axie Infinity Shard (AXS) recorded a new all-time high following a strong VORTECS™ Score.
- Three out of ten top price movers flashed a VORTECS™ Score van 80 or higher before peaking.
- NieuwsQuakes™ 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 en 72 hours after assets flash scores of 80 en 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). Er zijn nu meer dan 1.85 million active players in the game, which marks a 4,500% increase since April 2021.
Duidelijk, 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™ indicator, exclusief voor CoinTelegraph, to get exceptionally good at recognizing the telltale signs of AXS’ breakouts.
De VORTECS™ Score, exclusive to Cointelegraph Markets Pro, is an algorithmic comparison of historical and current market and social conditions around a coin calculated from a combination of variables including market sentiment, handelsvolume, recente prijsbewegingen en Twitter-activiteit.
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 naar 72 uren.
In the case of AXS, historical precedent seems to be particularly instructive.
Between Sept. 25 and Oct. 2, AXS gained 76.67% tegen de VS.. dollar en 56.05% tegen Bitcoin, reaching a new all-time high above $117.
AXS saw its VORTECS™ Score peak at 87 op sept. 26 when its price was $63.15, and the model recognized a historically bullish setup of market dynamics and social sentiment. The breakout began some 2 1/2 days later when the token began to steadily climb from $65 naar $117 op oktober. 2.
With an overall 60 days during which its VORTECS™ Score hit 80 of hoger, AXS remains the second-best all-time performer in terms of high-score days, trailing only THORChain’s RUNE.
Echter, AXS’ average returns following high scores are much better than those of RUNE.
Gemiddeld, AXS gained 4% 24 hours after its VORTECS™ Score hit 80, 7% after 48 hours and 10% after 72 uren. When looking at the occasions when the coin hit the 90 VORTECS™ Score mark, the coin’s average returns are even more impressive: 7% after 24 uren, 13% after 48 hours and 21% after 72 uren.
The token’s price plateaued on Oct. 2 en 3 after recording its then-all-time high above $117. With the price still flat, AXS’ VORTECS™ Score began sharply rising again, crossing the 80 threshold when it traded for $105 and surging to 96. Fifteen hours after hitting 80, AXS price reached a record $153.70.
Momenteel, AXS’ VORTECS™ Score is again in the high eighties, so it is quite possible that the feast is not over yet.
CoinTelegraph is een uitgever van financiële informatie, geen beleggingsadviseur. Wij bieden geen persoonlijk of geïndividualiseerd beleggingsadvies. Cryptocurrencies zijn vluchtige investeringen en brengen een aanzienlijk risico met zich mee, waaronder het risico van permanent en totaal verlies. In het verleden behaalde resultaten zijn geen indicatie voor toekomstige resultaten. Cijfers en grafieken zijn correct op het moment van schrijven of zoals anders aangegeven. Live-geteste strategieën zijn geen aanbevelingen. Raadpleeg uw financieel adviseur voordat u financiële beslissingen neemt.