Rumors of an alternate season intensified on November 9 as altcoins take advantage of Bitcoin’s move to a new all-time high and the subsequent consolidation that tends to occur after (BTC) retirement to retest key support levels.
As is often the case when Bitcoin fails during a bull market, some changes have hit the altcoin market, and the chart below shows this dynamic happening on the 9th of November.
Top 7 currencies with maximum price change in 24 hours. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data shows that Livepeer (LPT), Loopring (LRC) and Keep3rV1 (KP3R) have seen the biggest gains in the past 24 hours.
Livepeer COLLIDE co-host
Livepeer is a decentralized video streaming platform built on the Ethereum (ETH) network that appears to offer a viable alternative to centralized, blockchain-based streaming solutions.
VORTECS data from Cointelegraph Markets Pro began showing positive prospects for LPT on November 7, ahead of the recent price rally.
The VORTECS Men’s Assessment, exclusively for 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. LPT price. Source: Cointelegraph Markets Pro
As shown in the chart above, the VORTECS™ valuation of LPT started rising on November 7 and rose to a high of 75 in about an hour, before the price surged 226% over the next two days to a new all-time high at $99.83. …
The LPT price hike came after the protocol hosted a COLLIDE event with the Glass Streaming platform, which was the first ever live concert to include a live stamp for Intangible Video Tokens (NFTs).
Loopring increases presence in two-team races
Loopring is a Layer 2 (L2) scaling solution for the Ethereum network that uses zk-Rollups to reduce fees and increase throughput for decentralized exchanges (DEX) and payment protocols.
VORTECS data from Cointelegraph Markets Pro began to define the optimistic outlook for LRC on November 5, ahead of the recent price rally.
VORTECS™ result (in green) vs. LRC price. Source: Cointelegraph Markets Pro
As shown in the chart above, LRC’s VORTECS™ rating began climbing on November 4, peaking at 72 on November 5, about five hours before the price rose 142% over the next four days.
Loopring’s steady momentum comes as the protocol team continues to offer lower transaction fees compared to other L2 solutions including Arbitrum and Optimism as fees remain high on the Ethereum network.
Related: Kraken Expects Bitcoin to Reach $96,000, Analyst Says $1 Trillion Bitcoin Market Cap ‘Now Fixed’
Keep3rV1 has a community voice
Keep3rV1 is a project to help connect projects with external development resources by creating a decentralized blockchain-based message board.
VORTECS™ data from Cointelegraph Markets Pro began showing positive prospects for KP3R on November 5, ahead of the recent price hike.
VORTECS™ result (in green) vs. KP3R price. Source: Cointelegraph Markets Pro
As seen in the chart above, KP3R’s VORTECS has been higher in the green for several days and peaked at 71 on November 5, about 23 hours before the price surged 79% over the next three days.
The KP3R price hike comes as the protocol is going through an administrative vote, where token holders can vote for the best pools in the decentralized stablecoin structure, forex stablecoin.
The total market capitalization of the cryptocurrency is now $2.902 trillion, and the bitcoin dominance rate is 43.3%.