The cryptocurrency market returned in a good mood on December 7, after the broader market recovered after the fall in the price of Bitcoin (BTC) on December 3. The bulls are currently aiming to lead the BTC price above the $ 52,000 support / resistance level, and Ether (ETH) is trying to recoup $ 4,400, but both assets face resistance at the upper resistance level.
Even with the consolidation of BTC and ETH, the change in traders’ sentiment has been a boon for altcoins, with many having seen gains of over 50% in the last 24 hours.
Top 7 currencies with a maximum price change of 24 hours. Source: Cointelegraph Markets Pro
Data from Cointelegraph Markets Pro and TradingView show that SuperFarm (SUPER), PolkaBridge (PBR) and BitTorrent (BTT) were among the biggest gains in the last 24 hours.
SuperFarm listings on Coinbase
SuperFarm is an Internet protocol that combines decentralized finance (DeFi) and non-financial tokens (NFT) to create an ecosystem where NFT creators, aggregators and vendors can interact in the open market.
Data from Cointelegraph Markets Pro and TradingView show that after reaching a low of $ 1.02 on December 6, the SUPER price rose 81% to a daily high of $ 1.81 on December 7, with 24-hour trading volume up 500 % to $ 323 million dollars. …
SUPER / USDT 4-hour chart. Source: TradingView
The SUPER price increase takes place after the token listed on Coinbase together with PolkaStarter (POLS) and Spell Token (SPELL).
Related: Coinbase Adds ETH2 Despite Tomorrow’s Ethereum Update Delays Difficulty Bomb
PolkaBridge opens registration for IDO
PolkaBridge is a multi-threaded decentralized protocol designed to act as the primary bridge between Polkadot and other networks. The platform also supports a single platform that includes an automated marketer (AMM) with farming, lending, token launch, prediction markets and NFT market.
Data from Cointelegraph Markets Pro and TradingView show that after reaching a low of $ 0.85 on December 6, the PBR price rose 99.4% and reached a daily high of $ 1.71 on December 7, with 24-hour trading volume increased by 80 percent. % to the dollar. 10.2. Million.
The rapid change in the price of PBR came when the platform opened registrations for several upcoming initial decentralized exchanges, which require users to wager at least 10,000 PBR tokens to qualify for distribution.
BitTorrent is preparing to launch its main network
BitTorrent is a well-established peer-to-peer torrent and file sharing platform that has made a shift towards a more decentralized design in the last couple of years after integration with the Tron ecosystem.
VORTECS ™ data from Cointelegraph Markets Pro began to define the positive outlook for BTT on December 4, ahead of the recent rally.
Exclusive to Cointelegraph, VORTECS is an algorithmic comparison of historical and current market conditions based on a number of data points, including market sentiment, trading volume, recent price movements and Twitter activity.
VOTECS ™ result (in green) vs. BTT price. Source: Cointelegraph Markets Pro
As you can see from the chart above, the VORTECS for reading for BTT rose to the green on December 4 and peaked at 82 around 29 hours before the price rose 75% over the next day.
The development of BTT comes when the project completes its final preparations for the launch of the BitTorrent main chain, which will include a token naming scheme where existing BTT holders will receive 1000 new BTT tokens for each old BTT stored in their wallet.
The total market value of cryptocurrency is now $ 2.384 trillion, with Bitcoin dominance at 40.7%.