As a digital-native asset class, the prices of cryptocurrencies are clearly susceptible to market-moving news developments that instantly spread on the internet.
Two major roadblocks get in the way: the abundance of potentially relevant information and the difficulty of making sure one is always among the first to learn the news that really matters.
The subscribers of Cointelegraph’s proprietary data intelligence platform, Markets Pro, have it easy.
Eighteen hours later, ANC’s price reached $4.90 and then pushed even higher to breach the $6.00 mark by March 5.
A rule of thumb is that if you have heard of a non-crypto entity that is partnering with a crypto project, the associated token’s price is likely to go up.
Sure enough, SAND’s price shot up almost vertically minutes after the Cointelegraph Markets Pro crowd was alerted to the news, spiking from $2.85 to $3.28 in just 18 hours.
Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss.