Having briefly touched $34,000 in the second half of January, Bitcoin is on its way up again, touching the $45,000 mark on Feb.
Luckily, bullish marketwide reversals tend to look similar in terms of both price movement and other variables that shape market activity: rising trading volumes, spikes of online attention to individual tokens, and the elevated sentiment of social media chatter around them.
The basic principle behind the VORTECS™ Score is a comparison between the asset’s trading conditions right now and those in the past.
If a coin hits 90 or goes even higher, it means that the model is highly confident that it observes a pattern that consistently preceded past upsides.
On average, the assets that achieved a Score of 90 added 7% of value 24 hours after hitting the 90-VORTECS™ threshold and gained 15% after 72 hours.
The price of Keep Network’s KEEP token had been steadily rising in the first half of the week, largely mirroring the market’s overall favorable trend and going from $0.46 on Feb.
MNW, the utility token of supply chain management-focused Morpheus.Network, has sported robust fundamentals since mid-January when the protocol saw a smart contract upgrade and new masternodes integrated into the network.
Unus Sed Leo , an asset tied to crypto exchange Bitfinex, experienced massive upside pressure this week when the news emerged that the United States Department of Justice had recovered some 80% of Bitcoin stolen from the platform in a 2016 hack.
As a famous saying goes, history does not repeat itself, but it often rhymes.
Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss.