MATIC attack: How smart crypto traders “got out” before a 35% price drop

Published at: Dec. 1, 2022

Disparities in information access and data analytics technology 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 present in the cryptocurrency market.

Markets Pro bridges the gap of these asymmetries with its world-class functionality: the quant-style VORTECS™ Score.

The VORTECS™ Score is an algorithmic comparison of several key market metrics for each coin utilizing years of historical data that assesses whether the outlook for an asset is bullish, bearish or neutral at any given moment based on the historical record of price action.

The VORTECS™ Score is designed 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 one that shows events happening in the right order and at 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 insights into the market.

MATIC: VORTECS™ provides an exclusive foreshadowing of price drop

November started off promising for those invested in Polygon (MATIC) — but any expectations for lasting gains would be left in ruins. The token, despite seeing a comfortable rise to $1.25 on November 8, 2022, would suffer a steep fall of 35.4% down to $0.807 just two days later.

Following this was a surprising resurgence, with MATIC going back up to $1.13 on November 11. But here’s the kicker: While most traders only saw what was on the surface — MATIC’s potential resurgence in a bear market — Markets Pro members had access to a wider view.

Even if the price trend looked promising, the market conditions remained historically unfavorable for MATIC, suggesting a prime selling opportunity — which came to fruition with another 22.1% dip to $0.883.

Since August, MATIC’s VORTECS™ Score remained below 74, foreshadowing a price drop that, by all traditional measures, ran contrary to MATIC’s early November bull run up to $1.25.Throughout the first half of November, its VORTECS™ Score hovered between 54 and 60. This provided fantastic opportunities to cash in on not one, but two, price dips for all investors with access to Markets Pro — regardless of their level of experience.

GST: VORTECS™ predicts 12% dip

Similarly, the Green Satoshi Token (GST) token saw a pump from $0.023 to $0.042 — an 82.6% increase — between November 3–6.While the average investor may have been spurred on to buy in case the price continued upwards, Markets Pro members were able to deduce that this price action was a red herring.

This is because at the very height of GST’s bull run, its VORTECS™ Score took a nosedive from 48 down to 24.

Members familiar with Markets Pro’s VORTECS™ scoring system would know that 40, much less 24, meant the equivalent of red flags and warning bells — and would have had an opportunity to prevent a major loss to their position in the coin.

At the time of this writing, GST's VORTECS™ Score is 50 and its token price is back around $0.022.

Cointelegraph Markets Pro is available exclusively to members at $99 per month with a 100% satisfaction guarantee. We are offering you access to the only crypto-intelligence platform in the world that can provide you with the exact same trading alerts as institutions and hedge funds in real time … before this information becomes public knowledge.

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.

All ROIs quoted are accurate as of 8:00 am UTC on Dec. 1, 2022

Tags
Related Posts
Presearch, Aragon and IOTA explode higher after Bitcoin price clips $50K
Optimism across the crypto market continues to rise as bullish developments in the price of Bitcoin (BTC) and Ethereum (ETH) renewed discussions about a 2013-style double-pump rally that could push Bitcoin's price past $100,000. The positive price action hasn’t been limited to the top two market leaders. Many altcoins continue to rally, and the "altseason" indicator from Cointelegraph Markets Pro is signaling that the momentum could continue for a while longer. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Presearch (PRE), Aragon (ANT) and IOTA (MIOTA). Presearch's Android app will …
Adoption / Sept. 2, 2021
Enegra migrates digitized equity tokens from Ethereum to Polygon blockchain
Enegra Group, a commodities trading firm based in Malaysia with a net asset value of $28 billion, has migrated its equity-tied EGX security tokens from to the Polygon (MATIC) blockchain from Ethereum (ETH). In 2019, Energra tokenized 100% of its equity, enabling shareholders to digitally exercise their dividend, voting, and governance rights. Both the initial tokenization and token migration were facilitated by Tokeny, an asset tokenization and compliance infrastructure provider. Matthew Averay, managing director and CEO at Enegra, said: We tokenized our equity to improve liquidity. And, now that the technology is available for faster, cheaper, and compliant transactions on …
Adoption / Nov. 5, 2021
Polygon’s expanding ecosystem backs MATIC’s rise toward a new all-time high
Layer-two (L2) solutions for the Ethereum network have become a popular topic of discussion and speculation on their associated tokens backed the massive rally seen in many of the protocols this year. The parabolic growth of the decentralized finance (DeFi) and nonfungible token (NFT) sector also led to a surge in the cost carrying out simple transfers and this prompted developers and investors to migrate to L2-supportive platforms. One L2 solution that saw its token price rise to new highs earlier in the year and now looks poised to make another breakout higher is Polygon (MATIC), a proof-of-stake blockchain protocol …
Markets / Dec. 1, 2021
5 times quickfire crypto traders bought the news for double (or triple) digit profits
Why do crypto traders “buy the rumor, sell the news”? Simple. Because whispers of exchange listings or big-name partnerships reach very few people… while an article in Cointelegraph can reach hundreds of thousands of crypto enthusiasts in seconds. While insiders are quietly amassing tokens on rumors, the rest of us are completely ignorant of what may be coming. But with rumors, there are no guarantees. Which can lead to disappointment and serious loss of investment for those traders who gamble that they’re true… and end up wrong. So how can you possibly compete with thousands of other market participants when …
Markets Pro / Dec. 11, 2021
DeGods and Y00ts NFTs are bridging off Solana. Here's why
Nonfungible token (NFT) firm Dust Labs is migrating its two top-performing Solana NFT projects — DeGods and y00ts — onto Ethereum and Polygon in a bid to expand their adoption. The news was announced on DeGods and y00ts Twitter page on Dec. 25, with both NFT projects expected to be officially bridged onto Ethereum and Polygon respectively in the first quarter of 2023. Rohun Vora — the creator of DeGods and y00ts who is known by the alias Frank III — said the decision was made to “explore new opportunities” and to allow for the continued growth of the collection. …
Adoption / Dec. 27, 2022