Here’s how traders knew LUNA and RAY were on the verge of a bullish breakout
Online information flows take a tremendous influence on the prices of crypto assets. Just this week, investors witnessed how even fake news can sometimes make the market value of a token explode, even if for just an hour. Fortunately, the effects of legitimate news tends to last longer, but the play a joke on for investors is to figure out which stories to look at when making trading decisions.
Extensive inquiry suggests that in that location are 3 types of news announcements that consistently affect crypto prices: exchange listings, staking program launches and new partnerships. While at that place hasn't been a legitimate partnership announcement that resulted in massive toll movements lately, two crypto assets benefitted immensely from last week's listing and staking news.
Specifically, the listing of Terra's LUNA token on Bitfinex resulted in a tiptop cost increment of 61.17%, while the launch of staking on Binance for Raydium's RAY contributed to a 52.65% increase in the nugget'due south price over the next few days.
The question is: Was there a hazard for those without the inside scoop to capitalize on these events?
The early bird always gets the worm
LUNA'southward price had been sliding from its local elevation at around $34 early in the week, reaching a local lesser merely above $27 on Sept. 8. And then, Bitfinex posted a listing announcement on its website.

The nugget'south price immediately responded with explosive growth, ascent from effectually $27 to $30.92 within six hours. Only that was just the beginning.
List announcements ofttimes spur the price in two consecutive phases: First comes the pure issue of the news, and then the result of the newly added liquidity kicks in. This seems to be the case for LUNA's toll action. Post-obit the initial explosion in the wake of the announcement, the up tendency has somewhat smoothened. Yet the momentum remained potent for another two days, with the asset'due south price hitting equally high as $43.71, a more than sixty% increment since the moment the news hitting.
Major staking announcements tend to have a more concentrated result, equally excited marketplace participants blitz to stack upwards on the nugget when an bonny staking opportunity has only opened.

RAY's toll line shot up in the wake of Binance unveiling its RAY staking programme with an APY of up to 17.69% and was, therefore, more vertical than the movement of LUNA, with the asset exploding from $10.49 to $16.01 in just 24 hours.
Real-time data is what puts investors ahead of the pack
Ane similarity that both cost-moving announcements share is that the subscribers of Markets Pro, Cointelegraph's data intelligence platform, were alerted within seconds of their publication in primary sources. This was made possible past an industry-grade alert system called NewsQuakes™, which Cointelegraph's writers also utilise to discover news leads at lightning speed.
NewsQuakes™ are automatic notifications driven by an AI algorithm that monitors thousands of information sources to deliver potentially market-moving news to members, often inside seconds. In the charts, NewsQuakes™ alerts are marked by gold circles — annotation how in each case, they precede upward cost movement.
In a marketplace that powerfully reacts to relevant news inside minutes, a tool that automatically alerts users to the kinds of events that have in the by reliably moved digital asset prices tin greatly empower retail traders.
Cointelegraph is a publisher of financial data, not an investment adviser. We exercise not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant adventure including the risk of permanent and total loss. Past performance is not indicative of hereafter results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions.
Source: https://cointelegraph.com/news/here-s-how-traders-knew-luna-and-ray-were-on-the-verge-of-a-bullish-breakout
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