Last week was challenging for crypto traders, with Sept. 24’s FUD-triggering crypto-ban news out of China wiping out much of the gains investors managed to rake in earlier in the week. Between Sept. 18 and Sept. 25, the top 100 altcoins shed as much as 14.4% of their aggregate value, while Bitcoin (BTC) lost 12.5%.
The number of altcoins posting double-digit returns was unusually low as well. Data from Markets Pro, Cointelegraph’s subscription-based data intelligence platform, shows that only eight assets out of the hundreds tracked gained more than 10% against the U.S. dollar.
While trading is an activity marked by a steady flux of gains and losses, how can investors spot ahead of time the coins that are well-positioned to weather the storm?
The top performers of a tough week
The table below lists the eight altcoins that managed to secure a robust return even amid the sea of red that swept through the market last week.
COTI continued its winning streak, boosted by the recent release of the Coti Treasury white paper, the asset’s listing on Crypto.com and anticipation of a new stablecoin partnership with Cardano.
CELR’s momentum accelerated following the launch of Celer Network’s cross-chain cBridge 2.0, which is designed to facilitate the transfer of digital funds between major blockchains.
The third best performing asset of the week, Trace (TRAC), is the native token of OriginTrail, a blockchain ecosystem and protocol that aims to improve global supply chains by providing infrastructure for trusted data exchange. The token’s valuation has recently been growing on the back of a series of bullish developments, such as United States home improvement business Home Depot’s adoption of the SCAN Trusted Factory solution built on OriginTrail.
TRAC and REN also posted very high VORTECS
The model considers a host of quantitative indicators — including market outlook, price movement, social sentiment and trading activity — to generate a score that assesses whether the current conditions for a coin are historically bullish, neutral or bearish.
Here is how it worked for TRAC and REN last week.
caught the early signs of a breakout
The price of TRAC was volatile throughout the week against mostly favorable — low to mid-seventies — VORTECS
Despite a price downturn that had begun shortly after the peak VORTECS
The price of REN had been steadily declining in the first half of the week against the backdrop of a sequence of very strong VORTECS
REN eventually bottomed out at $0.70 before starting to climb again, and the week’s second sequence of VORTECS
Sure enough, toward the end of Sept. 23, REN’s price exploded from $0.81 to reach a peak of $1.13 some 29 hours later.
Digital assets do not always behave in ways similar to what has been observed in the past, especially during market downturns.
After all, out of last week’s eight best performers, only two coins generated familiar bullish patterns before their prices exploded. However, the additional insight that the VORTECS
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 risks 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.