Cryptocurrency price trading hasn’t been a losing streak in the past 48 hours, and it’s clear that the volatility following the hacking of Bitcoin (BTC) and Ether (ETH) has broken records.
While the two largest cryptocurrencies struggle to maintain key support levels, in the altcoin market on November 5, several tokens have seen double-digit gains, and the Cointelegraph Markets Pros Altseason Index shows current market conditions are in line with previous alt season price changes.
Top 7 currencies with the maximum price change in 24 hours. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data show that the biggest winners in the last 24 hours were XYO Network (XYO), Crypto.com Coin (CRO) and Wrapped NXM (WNXM).
XYO Announcements on Crypto.com
The XYO Network is a blockchain-based geospatial network of oracles that uses decentralized machines to collect, verify, and log data anonymously on the XYO blockchain.
According to Cointelegraph Markets Pro, market conditions have been favorable for XYO 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 XYO price. Source: Cointelegraph Markets Pro
As shown in the chart above, XYO’s VORTECS ™ result began to rally on November 2 and peaked at 77 about four hours before the price rallied 103% over the next two days.
The spike in prices for XYO came after the token was listed on the Crypto.com app, and a liquidity mining pool was launched on Gate, where contributors could earn 543.22% return on investment.
CRO Benefits From Coinbase Growth
CRO is the original token of the Crypto.com ecosystem, and users can share CRO with other cryptocurrencies in the app to receive rewards as well as use its features for daily purchases through the Crypto.com Pay mobile payment app.
VORTECS fra data from Cointelegraph Markets Pro began to show optimistic outlook for CROs on November 3, ahead of the recent price hike.
VORTECS ™ score (green) versus CRO price. Source: Cointelegraph Markets Pro
As shown in the chart above, the VORTECS for the CRO result began to rally on November 3, reaching 76 points about two hours before the price rallied 64% over the next two days.
The rise in popularity of CRO comes after the token was listed on Coinbase on November 3, and after the signing of a multi-year contract with eSports tournament organizer Twitch Rivals.
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Nexus Mutual Launches New Shield Campaign
WNXM is a version of the Nexus Mutual protocol encapsulated in NXM administration tokens. Nexus Mutual is a decentralized security protocol on the Ethereum network that allows users to reach the ceiling of smart contracts using their original NXM token.
VORTECS fra data from Cointelegraph Markets Pro began to show optimistic outlook for CROs on November 4, ahead of the recent price hike.
Pricing VORTECS ™ (green) versus WNXM price. Source: Cointelegraph Markets Pro
As shown in the chart above, the VORTECS for the CRO result began to rise on November 3, peaking at 74 on November 4, about an hour before the price rallied 47% over the next day.
The jump in WNXM’s reward follows the launch of a new shield mining campaign for Premia Finance (PREMIA) and the platform’s progress towards the launch of Nexus V2, which will allow the fund to pay partial claims.
The total market value of the cryptocurrency is now $ 2.702 trillion, and the dominance of bitcoin is 42.6%.