Alert #39 — #43: 203.17% ROI on Storm (STORM) within 2 Days
On Wednesday, March 21st, CryptoSpotlight detected abnormally high search volume for Storm and our 39th to 43rd text alerts went out to all our customers. The price at the time of the first alert was approximately $0.0273.
How did this alert perform?
Alerted Cryptocurrency: Storm (STORM)
Date/Time of Alert(s): Wednesday, March 21st @ 1pm PST
Price at Time of Alert #39: $0.02743
Price at Time of Alert #40: $0.02565
Price at Time of Alert #41: $0.02658
Price at Time of Alert #42: $0.0282
Price at Time of Alert #43: $0.02869
Peak Price after Alert (within 2 days): $0.08244
What caused this alert?
On March 21st, UpBit announced that they would be listing 3 new tokens on their exchange*, ICX, EOS, and STORM. The notice also mentions that they were allowing deposits for the tokens, but trading started on the 23rd.
What is CryptoSpotlight?
If you haven’t heard of CryptoSpotlight (we’re fairly new), our service sends you a text message the moment search volume starts surging on the top 100 cryptocurrencies.
Multiple university studies have shown that a spike in search volume for a cryptocurrency can anticipate price changes and increased trading volumes “almost three days” in advance — pointing to “a 91% correlation with volume of Google search requests.” Read the research here.
If you’re interested, skeptical, or both, here are a couple links to more research we recommend:
Can We Predict Bitcoin Price With Google Trend?
This is the second post in this series of ‘Analyzing Bitcoin Price’ data. If you haven’t, you can check out the…
Bitcoin’s huge 2017 rally synched almost perfectly with the number of online searches for ‘bitcoin’
The value of bitcoin moved almost perfectly in line with internet searches for the term in 2017, new analysis by…
You can always find more research on this topic on our website.
Tip: Make sure to set a sell limit order
To all our customers, if you receive an alert and decide to purchase, we strongly advise setting a sell limit order immediately afterwards with your exchange.
Because prices are so volatile and unpredictable, having a trigger event that will allow you not to miss price points can increase your odds of capturing a return on your investment.
Please remember, CryptoSpotlight is not a registered investment advisor or broker/dealer. You should conduct your own research and due diligence and obtain professional advice before making any investment decision. CryptoSpotlight will not be liable for any loss or damage caused by information from our alerts. You are solely responsible for their own investment decisions.