A RUNE with a view: How smart crypto traders caught a 48% price pump

Disparities in information access and data analytics tech are what give institutional players an edge over regular retail investors in the digital asset space.

The core idea behind Markets Pro, Cointelegraph’s crypto intelligence platform powered by data analytics firm The TIE, is to equalize the information asymmetries that permeate cryptocurrency markets.

Markets Pro bridges the gap with two world-class functionalities: the quant-style VORTECS™ score, and breaking NewsQuake™ alerts.

The former is an algorithmic comparison of several key market metrics around each coin to years of historical data, which assesses whether at any moment the outlook for this asset is bullish, bearish, or neutral given the historical record of price action.

NewsQuakes™ are automated notifications driven by an AI routine that monitors thousands of information sources to deliver potentially market-moving news to members, often within seconds.

Neither of these is a predictive tool. What both the VORTECS™ score and NewsQuakes™ are designed to do is to notify traders that something has just happened that, in the past, reliably moved asset prices. That’s why a good Markets Pro chart is the one that shows events happening in the right order and in the right time: First comes the indicator, and then price action follows.

In the last couple of days, we have observed a number of exemplary scenarios illustrating classic Markets Pro reads on the market.

RUNE: VORTECS™ shoots up, price follows shortly

June 13 did not start off as a particularly great day for those who were invested in THORChain (RUNE) and looking to make some gains. The coin has been on its way down, falling from above $9.00 a couple of days ago to just above $7.00.

However, the coin’s VORTECS™ score has been steady in the green (bullish) zone, sometimes even venturing into dark green (confidently bullish).

While most traders only saw what was on the surface — a coin’s weak performance — Markets Pro members have had access to a wider view. Even if the price trend did not look promising at all, the market conditions remained historically favorable for RUNE, suggesting a dip potentially worth buying.

Shortly before noon, RUNE’s VORTECS™ line tipped over 80, foreshadowing a rally that began to unfold six hours later. When the price went up, it went up sharply: from $7.00 to the peak of $10.34 twenty-six hours later.

It might also seem from the chart that fuel for the rally came from a NewsQuake™ detected a couple of hours before the pump. While the announcement of a RUNE giveaway by an investment company Qi Capital has definitely added to the momentum, it is unlikely that it had actually triggered the massive pump: As a sequence of strong VORTECS™ scores pointed out, RUNE’s breakout was propped up by an overall healthy outlook in the first place.

KNC: Polygon partnership news shakes up the market

Big announcements that promise more liquidity for the DeFi sector are usually a boon for the coins involved. When Kyber protocol’s team announced the deployment of their first liquidity mining program on Polygon and Ethereum, worth $30M in rewards, the market rewarded the KNC token with a pump from $1.78 to $2.06 (a 16% increase) within 8 hours.

However, the effect of the news began to recede almost as quickly as it kicked in, so only those quick to react were allowed to feast at the profit table. A safe way to secure a spot was through receiving a NewsQuake™ (red circle in the graph) notifying users of the collaboration. Alerts were sent to Markets Pro several minutes after the deal was publicly unveiled, but before the price of KNC had begun ascending.

These classic patterns are replicated day in, day out on Cointelegraph Markets Pro, where the top-performing strategy the team has been monitoring since Jan 3 2021 (Buy at 80, Sell after 24 hours) has now delivered a staggering 3,694% return in live-testing. Full details of the methodology used are available here.

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 advisor before making financial decisions. Full terms and conditions.


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Orbs & Krystal Team Up to Focus on DeFi

Orbs, a company that is creating an open-source blockchain, and Krystal, a crypto wallet that offers major functionality in a single place, are working together to make DeFi easy for everyone.

Orbs recently announced a new platform called Liquidity Nexus, which allows liquidity farmers to provide ETH, but still, earn in ETH/USDC.

According to a press release shared with Blockonomi:

Krystal was created by the team from Kyber and is an advanced cryptocurrency wallet that provides an all-in-one DeFi platform, available on Android and iOS mobile apps.  Krystal provides a frictionless and secure DeFi experience with the following key features:

  • Seamless token swap: Integration to top DEX platforms, such as Kyber Network and Uniswap, to provide token swap functionality for about 30,736+ token pairs.
  • Token Lending for interest: single-click lending and withdrawal services with AAVE and Compound to provide convenient lending services for any user.
  • Hassle-free portfolio management: convenient portfolio management tools so that you can easily monitor and track your assets across multiple platforms and stay on top of your DeFi game.
  • Solid security: Krystal is non-custodial and does not hold your assets at any time. All Krystal smart contracts have been fully audited by external third parties.

Orbs and Krystal Are a Great Fit

Orbs blockchain is all about inclusion, and the working partnership with Krystal will likely see the Orbs’ token listed in Krystal’s wallet, which is good from a liquidity standpoint. The markets thrive on liquidity, which is good for everyone in the DeFi ecosystem.

Accoding to Orbs:

“The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus. The Orbs protocol relies on the ORBS token used for the settlement of fees related to app execution and provides the system of incentives used to elect validators in a secure and decentralized manner.”

As a PoS blockchain, Orbs is in a good position to grow with the global crypto ecosystem, and offer people everywhere to fast services, at a very low cost.

PoS is the Future of Blockchain

Orbs is going in the right direction with its PoS system, as the original Proof-of-Work systems that brought blockchain into the global arena are very limited in their ability to scale on to larger user bases.

PoS systems eliminate this hindrance and allow the systems that use them to become income-bearing. Unlike a PoW system, PoS means that anyone who has tokens that can be staked will be able to gain something – like an interest rate.

Lot Yields Make PoS a Winner

One of the foundational ideas of fiat currency is an interest rate – AKA – the price of capital. In the modern world, central banks have destroyed this vital part of the monetary system, but in the world of DeFi – yields are good!

Krystal makes gaining these yields easy so that investors can relax, and allow their holdings to grow without any issues. Making money with money should be simple, and Krystal’s wallet makes it easy.

The simple fact of the matter is that the established financial system is not working for the people that have given their trust to the central bankers, and now, there is room for innovation. This takes the form of decentralization and assets like cryptos.

Let’s be honest – who wants to hold money that can be taken away with either inflation or outright theft – like the expiration date that CBDCs can be built with. The answer is no one. To learn more about Orbs, just click here.

If you want to check out Krystal’s wallet, this link will get you sorted out. Get into cryptos – they are a real asset that no one else can control.



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Finance Redefined: What can you do about those gas fees? Jan. 20–27

This is a repost of Finance Redefined’s latest installment, where Cointelegraph unpacks the latest developments in DeFi. The newsletter is delivered to subscribers every Wednesday.

DeFi was reasonably quiet in terms of major fundamental developments, instead letting prices do the talking. Many tokens rallied, both the popular and the almost forgotten. Save for a few hiccups due to Bitcoin’s shaky price action, we are still well into DeFi season.

This price action, unfortunately, means that using DeFi is pretty much impossible. Ethereum gas fees steadily hovered above 100 Gwei, which to any veteran will seem like an impossibly large number. While we’re not quite at the 300 Gwei seen in the summer of DeFi, it’s worth remembering that Ether is also worth about 3-4 times as much.

For a fun exercise, try inputting your wallet address in fees.wtf and marvel at just how much money you threw to miners.

Average gas prices in 2021, source: Etherscan.

The good old days when you could confidently send a transaction for 2 Gwei seem so far away now. Until we get back to that point, fees will remain a serious deal-breaker for mere mortals who can’t transact with tens of thousands of dollars at a time.

With DeFi, you also can’t really afford to be stingy. A transaction sent to Uniswap or another decentralized exchange has to be confirmed pretty quickly, or it’s likely to fail due to slippage protection or other limits. A failed transaction stings twice: Not only does it not do what you want, it also consumes the gas fee anyway.

Unfortunately, there isn’t much that you can really do about this. I did, however, write a piece this week on how to find the right time to send a transaction.

Picking the right time is probably the most accessible trick. Fixing the problem entirely, on the other hand, requires ditching Ethereum and its liquidity. I suggest you still explore the various non-Ethereum options available, including layer-two chains and external blockchains. Chances are you’ll find what you need, assuming you’re not a sophisticated ape tracking Andre Cronje’s wallet for his latest unreleased project.