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