Decentral Block Post

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.

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.

Bitcoin (BTC) has been stuck below the $18,600 resistance for the past 19 days and while bears successfully breached the $16,000 support on Nov. 21, the 8% range is pretty narrow for an asset class with 60% annualized volatility.

This gives investors good reason to doubt that BTC price will hold its current gains leading into the $430 million BTC options expiry on Dec. 2.

Investors are still unsure about whether $15,500 was the Bitcoin bottom and the consequences of the FTX and Alameda Research demise continue to emerge. The latest contagion victim was Auros Global, an algorithmic trading and market-making firm, which missed a repayment on a decentralized finance loan.

Regulatory uncertainty also continues to limit Bitcoin's price ascension, especially after United States Senator Elizabeth Warren reinforced the importance of blocking direct exposure of the insured financial institutions and the "highly speculative activity, highly leveraged, and vulnerable" crypto space.

Considering these risks, it seems essential that bulls defend $17,000 ahead of the Dec. 2 options expiry.

The price of GMX rallied to its second-highest level in history on Dec. 1 as traders assessed the decentralized exchange's ability to evolve as a serious competitor to its top rival Uniswap (UNI).

GMX established an intraday high of $54.50 in a recovery that started on Nov. 29 from $40.50. Its rally's beginning coincided with crypto research firm Delphi Digital's tweet on the GMX decentralized exchange, as shown below.  

GMX beats Uniswap in fees for the first time

Notably, GMX had earned about $1.15 million in daily trading fees on Nov. 28, which surpassed Uniswap's $1.06 million trading fees on the same day.

This seemingly renewed buying sentiment in the GMX market, helping its price rally 35% to $54.50 afterward.

Moreover, GMX also benefited from the growing discontent against centralized exchanges in the wake of the FTX collapse. The decentralized exchange's revenue rose by 107% to $5 million in November, boosted by a 128% increase in annualized trading volume and a 31% rise in daily active users.

The price of GMX rallied to its second-highest level in history on Dec. 1 as traders assessed the decentralized exchange's ability to evolve as a serious competitor to its top rival Uniswap (UNI).

GMX established an intraday high of $54.50 in a recovery that started on Nov. 29 from $40.50. Its rally's beginning coincided with crypto research firm Delphi Digital's tweet on the GMX decentralized exchange, as shown below.  

GMX beats Uniswap in fees for the first time

Notably, GMX had earned about $1.15 million in daily trading fees on Nov. 28, which surpassed Uniswap's $1.06 million trading fees on the same day.

This seemingly renewed buying sentiment in the GMX market, helping its price rally 35% to $54.50 afterward.

Moreover, GMX also benefited from the growing discontent against centralized exchanges in the wake of the FTX collapse. The decentralized exchange's revenue rose by 107% to $5 million in November, boosted by a 128% increase in annualized trading volume and a 31% rise in daily active users.