Bitcoin (BTC) and Ether (ETH) prices have dropped to lower support levels today after an exciting week as Bitcoin rallied to new all-time highs following the successful launch of two exchange-traded funds.
While most of the attention has been focused on BTC and Ether, several altcoins have made significant strides as some traders seem to be gearing up for a potential round.
Top 7 currencies with the maximum price change in 24 hours. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data show that THORChain (RUNE), Moonriver (MOVR) and OKB (OKB) have seen the biggest gains in the last 24 hours.
THORChain Resumes Ethereum Trading
THORChain is a decentralized liquidity protocol that provides cross-chain access to various blockchain networks and allows users to fully store their assets when trading between networks.
According to Cointelegraph Markets Pro, market conditions have been favorable for RUNE for some time.
The VORTECS score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions taken from a range of data points, including market sentiment, trading volume, recent price movements, and Twitter activity.
VORTECS ™ score (green) versus RUNE price. Source: Cointelegraph Markets Pro
As shown in the chart above, the VORTECS ™ score for RUNE was increased in green for most of the past week and peaked at 74 on October 18, about 19 hours before the price rallied 60% over the next two days.
The RUNE update comes after the resumption of trading on the Ethereum network, which was halted following a $ 8 million protocol hack in July 2021.
Moonriver Expands Its Ecosystem
Moonriver is the recently launched Kusama parachain protocol, which is an Ethereum-compatible smart contract platform that powers the ever-stimulated Canary network.
Data from Cointelegraph Markets Pro and TradingView show that after hitting a low of $ 234 on October 19, the MOVR price rose 75% to an intraday high of $ 410 on October 22, when the 24-hour trading volume surpassed $ 59 million. …
4-hour MOVR / USDT chart. Source: TradingView
A notable increase in the price of MOVR comes as the project builds new partnerships in the cryptocurrency ecosystem, including collaboration with the Graph protocol and integration with SushiSwap.
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OKEx Launches Memo Coin Campaign
OKB is the original token of the OKEx Stock Exchange in Malta and acts as a token for the OKEx ecosystem.
VORTECS data from Cointelegraph Markets Pro began to open up positive prospects for OKB on October 21, ahead of the recent price hike.
VORTECS ™ score (green) versus OKB price. Source: Cointelegraph Markets Pro
As shown in the chart above, the OKB VORTECS result began to rally on Oct 21 and peaked at 76, about nine hours before the price rallied 25% over the next day.
According to Cointelegraph Markets Pros NewsQuakes ™, OKB’s rise came after the stock exchange allowed one-click US dollar (USDC) coin installation, which provides a 20% yield, and launched a meme coin campaign in which users can compete. for coins of favorite memes They are listed.
The total market value of the cryptocurrency is now $ 2.51 trillion, and the dominance of Bitcoin is 45.5%.