Last week was challenging for crypto traders, with news of the FUD-triggering crypto-ban on September 24 coming out of China as investors were able to make gains earlier in the week. Between September 18 and September 25, the top 100 altkins lost up to 14.4% of their total value, while Bitcoin (BTC) lost 12.5%.
The number of Altcoins posting double-digit returns was also unusually low. From the information Cointelegraph’s subscription-based data intelligence platform Markets Pro shows that out of hundreds of tracks, only eight assets have gained more than 10% against the US dollar.
When trading is an activity characterized by a steady flow of gains and losses, how can investors see coins that are in a good position for stormy weather first?
The best actors of the tough week
The table below lists eight altcoins that were able to ensure a strong return even amid the Red Sea that swept the market last week.
COTI has continued its winning streak, inspired by the recent publication of the Coti Treasury White Paper, a list of assets on Crypto.com and the prospect of a new stable partnership with Cardano.
CELR speeds up after launching Cellar Network’s cross-chain Sibridge 2.0, which is designed to facilitate the transfer of digital funds between major blockchains.
The third best performing asset of the week is Trace (TRAC), OriginTrail’s local token, a blockchain ecosystem and protocol aimed at improving the global supply chain by providing the infrastructure for reliable data exchange. The recent rise in the valuation of tokens has been due to a growing trend, such as the U.S. Home Improvement Business Home Depot Acceptance Scan Trusted Factory solution built on OriginalTrail.
TRAC and REN posted very high VORTECS 6 scores last week. The VORTECS ™ score is a machine learning algorithm that compares the historical and current market conditions around crypto assets to help traders make more informed decisions.
The model considers a quantitative indicator – which includes market outlook, price movement, social sentiment and trading activity – to create a score that assesses whether the current state of a currency is historically bullish, neutral or bearish.
Here’s how it worked for TRAC and REN last week.
VORTECS a catches the initial signs of a breakout
The VORTECS ™ model has been optimized to identify patterns of social and market activity that have consistently appeared in the past 12 to 72 hours before currency price increases. A score of 80 or higher indicates that the observed condition has a strong history of prior price increases.
TRAC prices were volatile throughout the week with mostly favorable-low to seventies-VORTECS ores scores. Sep1’s highest score briefly shines on September 21 (red circle on the chart), indicating the model’s growing confidence that the market and patterns of social activity around the currency are looking historically bright.
Despite the price decline shortly after the top VORTECS ™ score was recorded, TRAC soon saw its fortunes reverse, with the two-day rally starting at $ 0.37 to $ 0.56.
Against the backdrop of a very strong VORTECS ™ score sequence, the price of REN continued to decline in the first half of the week.
The REN finally dropped to 70 0.70 before starting to rise again, and the second-order VORTECS of the week saw ™ 80-plus register scores soon. Intelligent traders know that an asset whose VORTECS ™ score stays high for a long time – even if the price is equivalent – can present a great profit opportunity.
At the end of September 23, the price of REN exploded from $ 0.81 to 13 1.13 after about 29 hours.
Digital assets do not always behave similarly to what has been seen in the past, especially during market downturns.
After all, of the eight best performers last week, only two coins created the familiar bullish pattern before their prices exploded. However, additional insights from VORTECS ore score providers may be essential in a situation where very few coins can be expected to lose the struggling market.
Cointelegraph is a publisher of financial information, not an investment advisor. We do not offer personalized or personalized investment advice. Cryptocurrencies carry significant risks, including volatile investments and permanent and complete losses. Past performance is not indicative of future results. Statistics and charts are accurate as of the time of writing or otherwise specified. Live-tested techniques are not recommended. Consult your financial advisor before making a financial decision.