What can you say about Dogecoin that hasn’t been said before? How about this: Elon Musk’s tweets aren’t the only thing that let the DOGE out.
This week, right in the middle of the retail trading frenzy that has turned everyone’s favorite cartoon puppy into a rabid bull-doge, Cointelegraph Markets Pro subscribers had the opportunity to chow down on a NewsQuake
Dogecoin (DOGE) Analysis
In the chart below you can see where the news was delivered to Markets Pro members via Discord and their mobile notifications (the red circle) and the immediate and dramatic price rise that followed.
In this case, everything seems to have worked as if it was a regular coin: A listing on a big exchange resulted in immediate price action that began to recede after roughly a day. Yet, when dealing with Dogecoin-related news, it doesn’t hurt to exercise caution and remember that this asset’s relationship with the news cycle is unlike any other.
iExec (RLC) Analysis
On the subject of NewsQuakes
iExec (RLC) was hit by two consecutive NewsQuakes
A similar announcement from Bithumb came in just 36 hours after the first, compounding the coin’s momentum (second red circle).
At this point, it becomes challenging to attribute the price dynamic to one of the two events, since the Coinbase announcement’s effects hadn’t yet expired (the system looks at 72-hour returns) when Bithumb’s kicked in.
Those Markets Pro subscribers who quickly acted on either of the NewsQuakes
Telcoin (TEL) Analysis
This analysis wouldn’t be complete without a word about Telcoin (TEL), which rallied dramatically to ascend from just $0.11 to over $0.48 shortly after a Markets Pro member suggested adding the cryptocurrency to the platform.
As seen in the chart below, VORTECS
Score returns since January 3
The Markets Pro team has been tracking 42 sample strategies since January 3 2021, based on entering a position when the VORTECS
Holding Bitcoin: 79% return
Holding Top 100 altcoins: 485% return
Best-performing time-based VORTECS
Best-performing score-based VORTECS
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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.