We've argued many times in the past that the correlation between Bitcoin's cost and the market capitalization of hundreds of altcoins makes very little sense.

Whether you lot buy into the idea that Bitcoin (BTC) is digital gold, or a payment mechanism, or both, information technology doesn't take a whole lot in common with Ether (ETH), Shiba Inu (SHIB) or FTX's native exchange token, FTX Token (FTT).

Well, whether we similar it or not, large moves in the price of Bitcoin define crypto markets.

Before Bitcoin slid from the latest best high above $68,000 dorsum to the region of $55,000 last week, dragging virtually altcoins down with it, the crypto market had seen 6 direct weeks of near uninterrupted growth.

Only as soon as the market place turns red, equally information technology did last week, many traders tend to succumb to 3 erstwhile enemies: fear, uncertainty and doubt (FUD).

This is why we say: FUD that. Experienced crypto traders know that periods of correction can also present turn a profit opportunities. And Cointelegraph Markets Pro's ain VORTECS™ Score institute vi of the 10 best-performing altcoins last week, even as the market took a dive.

Unparalleled bull runs, lookalike corrections?

The VORTECS™ Score is a machine learning-powered trading algorithm that compares historic and current marketplace conditions in digital asset markets to aid crypto traders' controlling.

The model takes in a host of quantitative indicators — including price movement, social sentiment and trading activity — to arrive at a score that assesses whether the nowadays conditions are historically bullish, neutral or surly for over 200 cryptocurrencies.

A VORTECS™ Score of eighty or higher up is considered confidently bullish for the next 12 to 72 hours. Assets that achieve such scores exhibit arrangements of key trading and social variables that in the by came before significant cost increases.

The table below shows 10 altcoins that delivered pregnant return on investment between Nov. xi and 18 — the calendar week that saw Bitcoin plunge from $68,000 to $58,000.

In bold are those tokens that hitting a VORTECS™ Score of 80 or higher before reaching their peak toll of the week.

Source: Cointelegraph Markets Pro

Six of the best crypto trading opportunities

Six out of 10 of the week's topperforming avails exhibited patterns of trading and social behavior that closely resembled historically bullish combinations before they rallied.

  • The Sandbox'south SAND
  • Crypto.com Money (CRO)
  • Voyager Token (VGX)
  • Koinos Network'south KOIN
  • TomoChain'south TOMO
  • AirSwap'due south AST

Six out of 10 is significant, given that the overall number of tokens that yielded whatsoever gains has been very modest.

What does information technology say about the nature of the crypto market place? When things are bullish, altcoins can rally for an infinite number of reasons, ofttimes simply due to a favorable macro context and exuberance taking over the market place.

Simply when much of the market is going south, analysis suggests that tokens supported past robust trading activeness and high social sentiment are near likely to cadet the trend.

These are also the times when traders need reliable information analytics to inform their strategies the most. When the floor is lava, it helps to have an actress pair of algorithmic eyes sifting through millions of data points to place potential safe havens.

This is exactly what the VORTECS™ Score is trained to do.

Cointelegraph is a publisher of fiscal data, non an investment adviser. We exercise non provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant adventure including the risk of permanent and full loss. By functioning 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 fiscal advisor before making financial decisions.