Today Bitcoin price and Ether (ETH) price pulled again to decrease help ranges after an thrilling week that noticed BTC soar to a brand new all-time excessive after the profitable launch of two exchange-traded funds.
While a lot of the main target has been on BTC and Ether, a number of altcoins have racked up notable beneficial properties on as some merchants seem be making ready for a potential altseason run.
Data from Cointelegraph Markets Pro and TradingView reveals that the largest gainers over the previous 24-hours had been THORChain (RUNE), Moonriver (MOVR) and OKB (OKB).
THORChain resumes buying and selling on the Ethereum community
THORChain is a decentralized liquidity protocol that gives cross-chain asses to completely different blockchain networks and lets customers retain full custody of their belongings whereas transacting between networks.
According to information from Cointelegraph Markets Pro, market circumstances for RUNE have been favorable for a while.
The VORTECS™ Score, unique to Cointelegraph, is an algorithmic comparability of historic and present market circumstances derived from a mix of information factors together with market sentiment, buying and selling quantity, current price actions and Twitter exercise.
As seen within the chart above, the VORTECS™ Score for RUNE has been elevated within the inexperienced zone for almost all of the previous week and reached a excessive of 74 on Oct. 18, round 19 hours earlier than its price elevated 60% over the subsequent two days.
The renewed momentum for RUNE comes following the resumption of buying and selling on the Ethereum community, which had been halted for the reason that protocol suffered an $8 million hack again in July of 2021.
Moonriver expands its ecosystem
Moonriver is one of many newly launched Kusama parachain protocols that is an Ethereum-compatible smart-contract platform that gives a completely incentivized canary community.
Data from Cointelegraph Markets Pro and TradingView present that after hitting a low of $234 on Oct. 19, the price of MOVR has surged 75% to an intraday excessive at $410 on Oct. 22 as its 24-hour buying and selling quantity climbed above $59 million.
The rally seen within the price of MOVR comes as the challenge has established new partnerships throughout the cryptocurrency ecosystem, together with a collaboration with The Graph protocol and an integration with SushiSwap.
Related: Valkyrie Bitcoin futures-linked ETF launches on Nasdaq, with share prices dropping 3% in first hour
OKEx launches a meme-coin marketing campaign
OKB is the native token of the Malta-based cryptocurrency trade OKEx and it features as the utility token for the OKEx ecosystem.
VORTECS™ information from Cointelegraph Markets Pro started to detect a bullish outlook for OKB on Oct. 21, prior to the current price rise.
As seen within the chart above, the VORTECS™ Score for OKB started to rise into the inexperienced on Oct. 21 and reached a excessive of 76, round 9 hours earlier than its price elevated 25% over the subsequent day.
According to the NewsQuakes™ service from Cointelegraph Markets Pro, the rally in OKB got here after the trade enabled one-click staking for USD Coin (USDC) which presents a return of 20% as properly as the launch of a meme-coin marketing campaign the place customers can compete to have their favourite meme cash listed on the trade.
The general cryptocurrency market cap now stands at $2.51 trillion and Bitcoin’s dominance fee is 45.5%.
The views and opinions expressed right here are solely these of the writer and don’t essentially mirror the views of Cointelegraph.com. Every funding and buying and selling transfer entails threat, it is best to conduct your individual analysis when making a call.
