TBEN Markets Pro, a data platform designed to level the playing field for players in the cryptocurrency market, is now available to the public after a successful live testing period.
The platform, in development for a year, is the result of a comprehensive analysis of the crypto markets and the main drivers of asset price movements. It was jointly developed by TBEN and The TIE, a leading provider of crypto data, analytics and software that counts major hedge funds, market makers and over-the-counter as its clients.
VORTECS score test
At the heart of the platform is the VORTECS Score, which compares current market conditions for over 130 crypto assets to historically similar markets. A proprietary algorithm analyzes these historical conditions, looking for consistent patterns of market behavior in the following days.
“Even though crypto markets may appear volatile, volatility often demonstrates remarkable consistency,” said Jay Cassano, CEO of TBEN. “While we are all aware that past performance is not indicative of future results, the Markets Pro platform combines sentiment analysis and social media activity with real-time market conditions in a way. which allows us to create very specific models. ”
“The story doesn’t predict, but it can be deeply informative.”
Beta testing of VORTECS has yielded convincing results, according to Joshua Frank, CEO of The TIE.
“We tested every score that exceeded a certain threshold in our live beta phase,” Frank explained. “When the VORTECS score for a particular crypto asset passed 70, we saw an average price increase of 7.61% over the next 24 hours and 25.9% over the next seven days.”
Frank noted that when scores exceeded the 80 threshold, asset gains were 8.58% over the next 24 hours – and 28.2% over the following week.
“Of course, given that most crypto traders look to other assets like Bitcoin, the real measure of success in a bull market is whether the assets that crossed those thresholds generated gains. relative to the overall crypto market, ”Frank continued.
“And in fact, that’s exactly what happened: in one week, assets rated 70 gained an average of 21.3% over the coins universe, rising to 23.8% for assets with a score greater than 80. ‘
Breaking NewsQuakes deliver headlines faster
TBEN Markets Pro also offers NewsQuakes, a comprehensive news aggregator considered to be the fastest in the cryptocurrency industry.
“We’ve been working with The TIE for the past year to identify and isolate the most important price factors in the news cycle,” said Jon Rice, editor of TBEN.
“Token burns, exchange listings, partnerships and staking announcements are some of the headlines that tend to move the markets. The Markets Pro platform uses AI to sift through the thousands of sources we analyze every minute, delivering key information about these events directly to Markets Pro subscribers, often within seconds. “
Rice suggested that when a cryptocurrency asset is listed on Coinbase, for example, it often sees rapid and significant price appreciation. “These announcements can provide quick returns to traders who pick them up quickly,” he said.
“For example, our NewsQuake system broadcast the news of the Filecoin listing in December within one minute of the announcement – and almost 60 seconds before the Coinbase team tweeted. This window is important for traders.
Rice also noted that for many foreign exchanges, the delay between an announcement in the native language of the exchange and an English version can be much longer, but the NewsQuake service supports multiple languages and translates them in real time. .
Business intelligence for all
Markets Pro subscribers also have access to community features. Managed by teams from TBEN and TIE, members can participate in the discussion with other enthusiasts, share strategies and ideas, and access unique research from experts.
Cassano hopes the combination of real-time information and algorithmic modeling will make the crypto markets more accessible to investors from all walks of life. “We have witnessed a resurgence of global interest in cryptocurrencies, as well as a realization that the information asymmetries inherent in existing financial markets tend to be compared to the average investor. . I hope Markets Pro can help level these playing field in the crypto industry. “
Frank echoed this sentiment, expressing that “when we started to create The TIE over three years ago, we had a single goal: to empower millions of everyday investors around the world to make more decisions. enlightened with reliable and transparent cryptocurrency data. The challenge was to synthesize the billions of data points we captured and share actionable and relevant information for all. “
TBEN market pro is available here