The cryptocurrency market fell on October 27, when several major assets were in the red the day after Bitcoin (BTC) plunged to $ 58,000 at the start of the trading session.
Despite wider market struggles, many altcoins were able to achieve gains of over 22% as major protocol integrations and stock exchange listings helped protect them from wider market downturns.
Top 7 currencies with the maximum price change in 24 hours. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data show that the largest gains in the last 24 hours were 1 inch (1 inch) Shiba Inu (SHIB) and Mask Network (MASK).
1 inch integrates with Exodus wallet
1Inch is a distributed decentralized network and exchange (DEX) aggregator that connects decentralized protocols across multiple blockchain networks, including Ethereum (ETH), Binance Smart Chain, Polygon (MATIC), and Arbitrum.
VORTECS data from Cointelegraph Markets Pro on October 26 started showing upbeat forecasts for 1 inch ahead of the recent price hike.
Exclusive to Cointelegraph, VORTECS ™ 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.
The result is VORTECS ™ (highlighted in green) for the price of one inch. Source: Cointelegraph Markets Pro
As shown in the chart above, the valuation of the 1-inch VORTECS steg rose to green on Oct 26 and peaked at 72 about two hours before the price rallied 100.5% over the next day.
The sudden 1 INCH price hike follows an earlier announcement that the protocol has been integrated with Exodus Wallet to bring functionality directly to the multi-currency wallet and across platforms.
Shiba Inu fights to reach new heights
Shiba Inu is a dog-themed project that gained traction in 2021 as the project evolved from a meme into an evolving ecosystem that provides Decentralized Funding (DeFi) and Non-Fungible Token (NFT) features.
According to Cointelegraph Markets Pro, market conditions have been favorable for SHIB for some time.
VOTECS ™ score (highlighted in green) versus SHIB score. Source: Cointelegraph Markets Pro
As shown in the chart above, the SHIB VORTECS ™ result first rose to green on October 23rd and reached 89 on October 24th, about seven hours before the price rallied 119% over the next three days.
The increase in SHIB’s growth rate is due to the listing of the token on new exchanges in the last month and by the protocol developers who introduced the Shiboshi NFTs, which were available for purchase using the LEASH protocol token.
RELATED: Shiba Inu May Beat Dogecoin After SHIB Price Rises 700% In October
NFT Avatar netmask update
Mask Network is a social media-focused protocol that allows users to encrypt messages and chats on platforms like Twitter and Facebook and make them so that only friends and contacts can decrypt and access them.
Cointelegraph Markets Pro and TradingView data show that after hitting a low of $ 9.29 on October 26, the MASK price rose 98.9% to an intraday high of $ 18.47 on October 27, and 24-hour trading volume surged 1,610% to 599 , 42 million dollars.
4-hour chart MASK / USDT. Source: TradingView
The sudden increase in the price of MASK came after the update of the “NFT Avatar” protocols, which allow users to replace Twitter avatars with custom avatars based on the user’s own NFT, which also serves as proof of ownership.
The total market value of the cryptocurrency is now $ 2.475 trillion, and the dominance of Bitcoin is 44.9%.