Bullish sentiment returned to the cryptocurrency ecosystem on October 1 after a 10% rally in the price of Bitcoin (BTC) pushed it above $47,500 and liquidated over $270 million in short positions.
The altcoin market soon followed with most coins in the top 200, which posted double digit gains for the day.
Top 7 currencies with maximum price change in 24 hours. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data shows that the biggest winners in the last 24 hours are Oasis Networks ROSE, Axie Infinity Shards (AXS) and ICX Icon.
Privacy Spell Attracts Merchants to Oasis Grid
The Oasis Network is a privacy-enabled blockchain dedicated to unlocking finance and creating a responsible computing economy.
VORTECS data from Cointelegraph Markets Pro began showing an optimistic outlook for ROSE on September 30, ahead of the recent price rally.
The VORTECS Raw Points, 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 (green) compared to the ROSE award. Source: Cointelegraph Markets Pro
As shown in the chart above, ROSE’s valuation VORTECS started rising on September 29 and reached a high of 74 on September 30, about three hours before the price climbed 60% over the next two days.
The rise in ROSE’s price comes because Ethereum-compatible networks offer significantly better scalability with the Oasis network and outperform many competitors thanks to the built-in privacy features.
Axie Infinity launches staking and sends gifts to early adopters
Axie Infinity is a blockchain-based fighting game that allows players to collect, breed, breed, fight and exchange token-based objects known as Axies, while earning income in the process.
Market conditions have been favorable for AXS for some time, according to data from Cointelegraph Markets Pro.
Pricing VORTECS™ (in green) against the price of AXS. Source: Cointelegraph Markets Pro
As shown in the chart above, VORTECS for AXS valuation entered the dark green on September 26 and reached 87 points about 35 hours before the price started to rise by 55% over the next three days.
The price increase for AXS came after the implementation of the betting function for AXS holders, as well as after the application of the Airdrop to the community, which distributed 800,000 AXS tokens to early users of the game.
Related: NFT Trading Game Axie Infinity Launches AXS Betting Program
ICX meeting before mainnet upgrade
Icon is a shared blockchain protocol and aggregator chain designed to host decentralized applications and facilitate interoperability between separate networks.
Data from Cointelegraph Markets Pro and TradingView shows that after reaching $1.38 on September 29, ICX price surged 45% to a daily high of $1.93 on October 1, when 24-hour trading volume rose 385% to $362. Million.
ICX/USDT 4-hour chart. Source: TradingView
The ICX price hike comes after the release of the ICX package, which is compatible with ERC-20 and can be used in conjunction with decentralized funding on Ethereum. The update is part of the protocol finalization prior to the implementation of the Icon 2.0 major network update.
The total market capitalization of the cryptocurrency now stands at $2.079 trillion, with the dominance of Bitcoin at 43%.