The roller coaster in the cryptocurrency market continued on an erratic trajectory on December 8, when the price of Bitcoin (BTC) briefly dropped below the $ 49,000 level. Despite the setback, there are still clear signs of cryptocurrency adoption, a good example is Visa’s announcement of the launch of cryptocurrency advisory and advisory services for merchants and banks.
Analysts expect Bitcoin to continue looking for a more stable foothold, and as this process develops, Ether and a few mid-cap and low-cap cryptocurrencies are making moderate gains.
Top 7 currencies with the maximum price change in 24 hours. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data show that Tezos (XTZ), WAX (WAXP) and Aleph.im (ALEPH) have seen the biggest gains in the last 24 hours.
Ubisoft Launches NFT on Tezos
Tezos is a Layer 1 blockchain protocol that includes a built-in mechanism that allows the network to evolve and update over time without the need for hard forks.
VORTECS data from Cointelegraph Markets Pro began providing an upbeat outlook for XTZ on December 5, ahead of the recent price hike.
The VORTECS Men’s Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions compiled from a range of data points including market sentiment, trading volume, recent price movements, and Twitter activity.
VOTECS ™ result (green) versus XTZ price. Source: Cointelegraph Markets Pro
As you can see in the chart above, VORTECS for XTZ pips began to rally on December 4 when it climbed to a high of 87 on December 5, about 21 hours before the price rallied 60.5% over the next two days.
The rise in the XTZ award comes after Ubisoft, one of the top three video game companies, announced that it will release its first line of in-game NFTs to play on the Tezos network, starting with Ghost Recon: Breakpoint.
WAX Welcomes Amazon and Mattel to Its Ecosystem
WAX is an NFT blockchain specifically designed to provide brands with all the tools they need to launch an NFT suite and accelerate and enhance the security of e-commerce transactions for all parties involved.
VORTECS data from Cointelegraph Markets Pro began to determine the optimistic outlook for WAXP on December 4, ahead of the recent rally in prices.
VORTECS ™ score (green) versus WAXP price. Source: Cointelegraph Markets Pro
As shown in the chart above, the VORTECS ™ result for WAX turned green on December 4, peaking at 81 about 40 hours before the price rallied 84.8% over the next two days.
WAXP peaked when it was announced that Amazon was entering the WAX ecosystem after investing in the Dibbs collectors market, and it was announced that three leading toy companies, Funko, Mattel and Hasbro, had partnered with WAX to “sell” … our collections “.
Related: Bitcoin Bounces On Wall Street As BTC Reserves Drop In The Stock Market After A $ 42,000 Drop
Aleph Provides Serum Analytical Support
Aleph.im is an internet protocol focused on the creation of a decentralized database, including file storage, data processing, and a decentralized identity structure (DID).
VORTECS data from Cointelegraph Markets Pro began to show positive outlook for ALEPH on December 5, prior to the recent price hike.
VOTECS ™ Result (Green) and ALEPH Award. Source: Cointelegraph Markets Pro
As shown in the chart above, the ALEPH VORTECS ™ valuation reached 80 on December 5, about 31 hours before a 38 percent rise in prices over the next two days.
The price hike for ALEPH comes after the protocol announced that it is now introducing its own Solana decentralized exchange serum indexing solution, a move that should help expand the DeFi analytics experience across the Solana network.
The total cryptocurrency market capitalization is now $ 2.373 trillion, and the bitcoin dominance rate is 40.1%.