A year ago, the crypto industry was thriving with sky-high prices for Bitcoin and Ethereum, celebrities promoting expensive digital art, and blockchain company logos appearing in sports stadiums and Super Bowl ads. Now, the trend has changed.
Over the past year, cryptocurrency prices have plummeted by over 50%, trading volume has declined drastically, and several prominent companies have faced liquidity issues and gone bankrupt. The recent arrest of the former CEO of a top cryptocurrency exchange, Sam Bankman-Fried, in the Bahamas only adds to the perception that the crypto bubble has burst, resulting in billions of dollars in losses for regular investors, pension funds, venture capitalists, and traditional companies.
The crypto sector refers to the current situation as “crypto winter.” They assert that it follows a pattern, similar to a bear market in traditional finance and that it’s a phase that has occurred in the past and will eventually pass. That said, the last month of 2022 came with some sort of stability. The BTC was able to show strong resistance around the $16K price point and it’s value remained relatively consistent compared to preceding months.
Let’s see how our premium signal providers were able to make use of this much-needed stability in the crypto market in our December signal results.
December Signal Results 2022
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Universal Crypto Signals retain their top spot from November signal results. They’ve done pretty good with a 91% win rate. UCS issued 12 trades in the month and succeeded in making a profit on 11 of them.
The second spot surprisingly goes to CoinCodeCap with a 69% win rate. In the third spot, we’ve got Verified Crypto Traders, with a combined win rate of 62.5% for both their spot and margin channels.
1) Universal Crypto Signals
- Telegram Signals
- Bitmex Signals
Universal Crypto Signals demonstrated their reliability once again in November with a 91% success rate in their signals, even amidst a market downturn. This highlights their professional expertise in the field. Despite only issuing 12 trades, they achieved profit in 11 of them.
However, an increase in the number of signals could keep subscribers engaged and satisfied. Although their cautious approach is understandable in light of the market conditions, a higher volume of signals could help meet users’ demand.
Beware of scammers trying to impersonate reputable signal providers’ admins! You might encounter a scammer impersonating Saviour from UCS, it’s better to confirm their official Telegram usernames before having any conversation.
2) CoinCodeCap
- Telegram Signals
- Discord Signals
CoinCodeCap secured the second position with only a 69% success rate in their signals. Out of the 36 signals issued jointly by their Spot and Margin channels, only 24 generated profits. Although the win rate is not that impressive, they still managed to score the second spot due to a below average performance by Fat Pig Signals.
3) Verified Crypto Traders
- Telegram Signals
- Bitmex Signals
Verified Crypto Traders take the third spot. VCT Spot has posted a 62.5% win rate with a total of 66 trades which is a very large number.
4) Fat Pig Signals
- Telegram Signals
- Bitmex Signals
Fat Pig Signals have fallen from grace and have scored only a 60% win rate, taking the fourth position. They issued only five signals, out of which, three were successful. This win rate is not that great in a market like December. The number of signals issued per month must rise so users can get a good return on their investment in crypto signals.
6) OnwardBTC
December was okay for the folks at OnwardBTC as they had a relatively similar win rate of 47%! They’ve performed in a similar fashion in November with a 48% win rate. They’re still not profitable so have a long way to go, but the whopping 89 trades is something to applaud.
December Signal Results – Final Thoughts
December looked like a month marked with stability when you look at the charts. However, the crypto industry was dominated with a lot more uncertainty which explains why some of our signal providers were miserly with issuing signals. We don’t consider our signal providers brought forward their best performance to close off the year but we have high hopes for them in the new year.
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