On January 26, crypto investors started to feel hopeful again as the broader cryptocurrency market sees green and the price of Bitcoin (BTC) approaching $38,000. Even during the pandemic, traders are advised to exercise caution ahead of the FOMC meeting, when the Federal Reserve is expected to reveal its interest rate hike plans.
With the bullish trend starting to return, the prices of several altcoin projects rose more than 41% as buyers sought to secure a position ahead of a possible rally in the market.
Top 7 currencies with highest price change in 24 hours. Source: Cointelegraph Markets Pro.
Data from Cointelegraph Markets Pro and TradingView shows that Frontier (FRONT), Decentral Games (DG) and Quantstamp (QSP) posted the biggest gains over the past 24 hours.
Listing entries on Bithumb
Frontier is a decentralized, non-blockchain financial aggregator that allows users to store, earn, exchange and invest in cryptocurrencies across multiple blockchain networks from a single interface.
VORTECS data from Cointelegraph Markets Pro began showing a bullish outlook for FRONT on January 24, before the recent price rally.
The VORTECS Male Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions drawn from a range of data points, including market sentiment, trading volume, recent price movements, and Twitter activity.
VORTECS™ result (in green) vs. FRONT price. Source: Cointelegraph Markets Pro.
As shown in the chart above, the VORTECS™ valuation of FRONT went into the green on January 23 and peaked at 86 on January 24, about 33 hours before the price surged 100% over the next day.
The FRONT price increase occurs when the token is listed on the Korean crypto exchange Bithumb.
Decentral Games launches poker on ice
Decentral Games is a gaming protocol for creating games that enable users to earn a living through reward games, self-preservation, and delegate revenue-generating assets to the Metaverse.
Data from Cointelegraph Markets Pro and CoinGecko shows that the price of DG rose by 55% from the low of $0.236 on January 25 to a daily high of $0.366 on January 26.
DG/USD 1-hour chart. Source: CoinGecko
The DG price increase comes with ICE Poker Game Protocols beta now available and allows users to create avatars and earn money in the ICE Poker Lounge on the VR horizon.
Related Topics: BTC Price Reaches $38,000 As Bitcoin Analysts Focus On Weekly Close
Quantstamp Services Required
On January 26, the price of Quantstamp token, the blockchain security and verification token provider, surged 66% to a daily high of $0.357.
VORTECS data released by Cointelegraph Markets Pro began showing a bullish outlook for QSP on January 23, before the recent price rally.
VOTECS™ result (green) compared to QSP price. Source: Cointelegraph Markets Pro.
As shown in the chart above, the VORTECS™ score for QSP peaked at 73 on January 23, roughly 10 hours before the price surged 69% over the next two days.
The QSP price increase follows a series of changes the Quantstamp team made to several projects, including decentralized exchange token CasperSwap and MakersPlace NFT Marketplace.
The total market capitalization of the cryptocurrency now stands at $1.734 trillion, with the bitcoin dominance rate at 41.8%.
