Altcoin is up next after Bitcoin price holds $ 47.5,000
Optimism returned to the crypto ecosystem on October 1, after Bitcoin (BTC) price rose 10%, surged above $ 47,500, and resulted in the liquidation of over $ 270 million in short positions would have.
The altcoin market quickly followed, with the majority of tokens in the top 200 seeing double-digit gains that day.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest winners over the past 24 hours are Oasis Network (ROSE), Axie Infinity (AXS) and ICON (ICX).
The appeal of privacy draws traders to the Oasis Network
The Oasis Network is a privacy-friendly blockchain that was developed for open finance and creates a responsible data economy.
VORTECS ™ data from Cointelegraph Markets Pro began to see a bullish outlook for ROSE on September 30, ahead of the recent price rally.
The VORTECS ™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions, derived from a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity.
As can be seen in the graph above, the VORTECS ™ Score for ROSE began rising on September 29th and climbed to a high of 74 on September 30th, about three hours before the price rose 60% over the next two days.
The ROSE price hike is due to Ethereum (ETH) compatible networks that offer better scalability, with the Oasis Network outperforming many of its competitors thanks to its built-in security features.
Axie Infinity introduces staking and airdrops for early adopters
Axie Infinity is a blockchain-based game for money that enables players to collect, breed, raise, battle and trade token-based creatures known as the Axies while generating income in the process.
According to data from Cointelegraph Markets Pro, market conditions have been quite favorable for AXS for some time.
As can be seen in the graph above, the VORTECS ™ Score for AXS rose to dark green on September 26th, hitting a high of 87 in about 35 hours before the price started rising 55% over the next three days.
The price increase for AXS comes after the implementation of staking features for AXS holders as well as a community airdrop that distributed 800,000 AXS tokens to early adopters of the game.
Related: The NFT trading game Axie Infinity launches the AXS .Staking program
ICON gathers before its main network upgrade
ICON is a general purpose blockchain protocol and synthetic chain designed to host decentralized applications and facilitate interoperability between separate networks.
Data from Cointelegraph Markets Pro and TradingView show that after hitting a low of $ 1.38 on September 29, the price of ICX rose 45% to a daily high of $ 1.93 in October . Its 24-hour trading volume rose 385% to $ 362 million. .
ICX price skyrocketed after the release of the packaged ICX, which complies with the ERC-20 standard and can be used interoperably with decentralized finance on Ethereum. The upgrade is part of the final preparation of the protocol prior to the implementation of the ICON 2.0 mainnet upgrade.
The total capitalization of the crypto market is currently $ 2,079 trillion and the dominance of Bitcoin is 43%.
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Bitcoin
Altcoin is up next after Bitcoin price holds $ 47.5,000
Optimism returned to the crypto ecosystem on October 1, after Bitcoin (BTC) price rose 10%, surged above $ 47,500, and resulted in the liquidation of over $ 270 million in short positions would have.
The altcoin market quickly followed, with the majority of tokens in the top 200 seeing double-digit gains that day.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest winners over the past 24 hours are Oasis Network (ROSE), Axie Infinity (AXS) and ICON (ICX).
The appeal of privacy draws traders to the Oasis Network
The Oasis Network is a privacy-friendly blockchain that was developed for open finance and creates a responsible data economy.
VORTECS ™ data from Cointelegraph Markets Pro began to see a bullish outlook for ROSE on September 30, ahead of the recent price rally.
The VORTECS ™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions, derived from a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity.
As can be seen in the graph above, the VORTECS ™ Score for ROSE began rising on September 29th and climbed to a high of 74 on September 30th, about three hours before the price rose 60% over the next two days.
The ROSE price hike is due to Ethereum (ETH) compatible networks that offer better scalability, with the Oasis Network outperforming many of its competitors thanks to its built-in security features.
Axie Infinity introduces staking and airdrops for early adopters
Axie Infinity is a blockchain-based game for money that enables players to collect, breed, raise, battle and trade token-based creatures known as the Axies while generating income in the process.
According to data from Cointelegraph Markets Pro, market conditions have been quite favorable for AXS for some time.
As can be seen in the graph above, the VORTECS ™ Score for AXS rose to dark green on September 26th, hitting a high of 87 in about 35 hours before the price started rising 55% over the next three days.
The price increase for AXS comes after the implementation of staking features for AXS holders as well as a community airdrop that distributed 800,000 AXS tokens to early adopters of the game.
Related: The NFT trading game Axie Infinity launches the AXS .Staking program
ICON gathers before its main network upgrade
ICON is a general purpose blockchain protocol and synthetic chain designed to host decentralized applications and facilitate interoperability between separate networks.
Data from Cointelegraph Markets Pro and TradingView show that after hitting a low of $ 1.38 on September 29, the price of ICX rose 45% to a daily high of $ 1.93 in October . Its 24-hour trading volume rose 385% to $ 362 million. .
ICX price skyrocketed after the release of the packaged ICX, which complies with the ERC-20 standard and can be used interoperably with decentralized finance on Ethereum. The upgrade is part of the final preparation of the protocol prior to the implementation of the ICON 2.0 mainnet upgrade.
The total capitalization of the crypto market is currently $ 2,079 trillion and the dominance of Bitcoin is 43%.
.
.
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