Everipedia VORTECS™ set a record before NFT’s next drop to IQ makers – News Couple

Everipedia VORTECS™ set a record before NFT’s next drop to IQ makers

In the world of technical analysis, any tool that gives a trader insight into the next potential market movement is greatly appreciated because an early signal of impending price movement can turn an average trade into a multi-bag.

In a rare event, Cointelegraph Markets Pro just recorded a VORTECS™ score of 98, one of the highest scores ever recorded, for an alternative currency called Everipedia (IQ). The project is a blockchain-based encyclopedia with a vision to create a “world where all knowledge is available to all people.”

VORTECS™ Score (in green) vs. IQ price. Source: Cointelegraph Markets Pro

While the VORTECS™ score is only an indication and does not guarantee any definitive result regarding the scores you provide, past instances of scores over 95 are often followed by significant price increases in the associated asset. The indicator works by comparing historical and current market conditions derived from a range of data points including market sentiment, trading volume, recent price movements and Twitter activity.

Scrolling through the Everipedia Twitter page indicates that the VORTECS™ score rise may be related to the recent launch of a non-fungible token (NFT) for IQ service providers through a partnership with Polygon and Chainlink.

According to the announcement, interested parties who wish to have a chance to win one of the NFT limited chains are required to participate in IQ tokens with HiIQ before November 1 at 18:00 UTC.

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