Why do crypto traders “buy the rumor, sell the news”?
Simple. Because whispers of exchange listings or big-name partnerships reach very few people… while an article in Cointelegraph can reach hundreds of thousands of crypto enthusiasts in seconds. While insiders are quietly amassing tokens on rumors, the rest of us are completely ignorant of what may be coming.
But with rumors, there are no guarantees. Which can lead to disappointment and serious loss of investment for those traders who gamble that they’re true… and end up wrong.
So how can you possibly compete with thousands of other market participants when important news actually breaks? You’d have to be one of the very first to know in order to catch the price before it spikes.
Look at the examples below — the time between a closely-guarded announcement and a massive price spike of 144% can be just a few minutes!
NewsQuakes™ on the Cointelegraph Markets Pro data intelligence platform allow you to completely outsource monitoring the crypto news space to AI. The machine learning algorithm automatically combs through thousands of relevant sources and instantly alerts members via mobile notifications when potential market-moving events are detected.
NewsQuake™ announcements are snapped from primary sources such as exchange websites, Medium posts, or projects’ Twitter accounts, meaning that traders don’t have to wait for the media or their favorite influencers to turn raw information into a story.
Extensive research has identified three types of news — exchange listings, staking, and partnership announcements — that are most likely to spark strong rallies.
Here are 5 stories that alerted traders to massive profit opportunities in 2021… and a few dramatic illustrations of how NewsQuakes™ tipped off Markets Pro members.
WAX (WAXP): +144% in 2 hours
WAXP price following Cointelegraph Markets Pro NewsQuake™
Exchange listings reliably boost crypto prices, especially when it is a small or medium-cap coin being listed on a major exchange.
On Aug. 23, before the news of WAXP’s listing on Binance came in, the token was trading at 18 cents. In…