These 3 altcoins go up as the bitcoin price goes down

DeFi- and NFT-related tokens like GHST, CNS and TLM defied the broader market, posting double-digit gains in the past 48 hours.

The crypto market continues to face trouble as Bitcoin drops near the USD 31,000 support area, causing traders to make predictions about the future of the market if the bulls fail to hold the levels.

Despite the troubles the crypto market is currently facing, relatively obscure altcoins like Aavegotchi (GHST), Centric Cash (CNS) and Alien Worlds (TLM) have made incredible gains in the past 48 hours and appear to be in hidden accumulation mode.

Aavegotchi trading volume soars ahead of DinoSwap

Aavegotchi (GHST) is a non-fungible token (NFT) that works on the Aave protocol and allows users to use an in-game avatar called Gotchi’s as collateral to earn staking rewards.

GHST / USDT. 4 hour chart | Source: TradingView

Data from TradingView shows that GHST price rose 21% from $ 0.997 on July 14 to an intraday high of $ 1.21 on July 15 as 24-hour trading volume doubled compared to the previous day .

Data from Aavegotchi’s Twitter shows that renewed enthusiasm for GHST is due to the upcoming release of DinoSwap, a multi-chain farming protocol that helps attract and build liquidity accounts for existing automated market makers (AMMs).

Liquidity explodes on $ GHST-WETH couple @QuickswapDEX ????

Everyone is excited @DinoSwapHQ‘s new liquidity mining program coming to market tomorrow @ 0xPolygon ????

???????? Quadruple your earnings with $ GHST, $ DINO, FRENS and LP fees by following this handy cheat sheet ???? pic.twitter.com/ee1sN0KTyS

– Aavegotchi (@aavegotchi) July 15, 2021

“The liquidity of the GHST-WETH pair on QuickSwap is exploding.

Everyone is excited about the new liquidity mining program from DinoSwap, which starts tomorrow on Polygon.

Quadruple your income from GHST, DINO, FRENS and LP fees by implementing this handy fraud tracker. “

The new opportunity for holders to earn more on the Polygon (MATIC) network has resulted in increased liquidity and higher trading volume, which has led to a rise in GHST prices.

Centric Cash increases after migrating to Binance Smart Chain

Centric Cash (CNS) is another token that has rebounded positively in a bloody market thanks to its successful migration to Binance Smart Chain (BSC).

The @CentricRise Team will start a new story on July 15th when it is officially migrated to #BSC.#Centric allows BSC $ CNR/ $ CNS to be redeemed in a ratio of 1: 1 to TRON-CNR / CNS. #CentricCash will be renamed to #CentricSwap.https://t.co/sQOX4WpomD#BNB #BinanceSmartChain pic.twitter.com/BwlqSrf62L

– BSCDaily (@bsc_daily) July 14, 2021

“Team Centric will start a new story on July 15th when it officially moves to Binance Smart Chain (BSC). Centric will enable the exchange of BSC-CNR / CNS in a ratio of 1: 1 to TRON-CNR / CNS. Centric Cash will be renamed CentricSwap. “

CNS is a dual token protocol that offers rewards for adoption in the form of fixed hourly returns and “is stable over time as it self-regulates token supply in response to changes in demand,” according to the project’s website.

The project’s migration from the Tron blockchain to BSC is being carried out to increase visibility and trading volume through access to the broader Binance ecosystem.

Due to the increased attention and trading volume CNS gained after migrating to BSC, CNS price jumped 36% from $ 0.0003 on July 14 to an intraday high of $ 0.00042 as traders attempt the Redeem tokens and provide liquidity for its launch on PancakeSwap.

Alien Worlds is showing signs of accumulation

Alien Worlds (TLM) also has a pretty good record in this area this week. Blockchain gaming platform that DeFi-connected Metaverse NFT offers, where users can collect and play unique digital items in an environment that stimulates economic competition and cooperation between players.

TLM / USDT. 4 hour chart | Source: TradingView

TLM price soared 307% over the past week, rising from $ 0.08 on July 9th to an intraday high of $ 0.33 on July 15th with a 24-hour trading volume of 884 Million dollars.

While no official announcement has yet been made that can reveal the cause of the upward momentum, the project’s Twitter account is showing a number of new NFT versions that can also be earned through the game to be added to the Alien Worlds ecosystem.

We know everyone is excited about Planet Binance missions. While we wait, watch the video …https://t.co/Rzi847tDaI@binance #missions #soon pic.twitter.com/Fv3V1osZqp

– AlienWorlds (@AlienWorlds) July 9, 2021

“We know everyone is excited about Planet Binance missions.”

Overall, projects with NFT functionality and selected DeFi protocols continue to do well, while large-cap projects in the crypto market are negatively impacted by iteration excursions.

Teacher

According to Cointelegraph

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