Calls for an alt season will be higher on November 3 after altcoin price action increases and bitcoin (BTC) price continues to maintain its $ 62,000 support level.
Gaming and project tokens related to supply chain and decentralized finance (DeFi) protocols are currently very popular, and as shown below, several altcoins registered double and triple digit wins on November 3rd.
Top 7 currencies with the maximum price change in 24 hours. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data show that OriginTrail (TRAC), XYO Network (XYO) and Maker (MKR) have seen the largest gains in the last 24 hours.
TRAC receives support from the Coinbase effect
OriginTrail is a protocol that calls itself “the world’s first decentralized knowledge graph” and is designed to help people organize important assets and make them visible and verifiable on the blockchain network.
Market conditions have been favorable for TRAC for some time, according to data from Cointelegraph Markets Pro.
The VORTECS score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions taken from a range of data points, including market sentiment, trading volume, recent price movements, and Twitter activity.
VORTECS ™ score (green) versus TRAC price. Source: Cointelegraph Markets Pro
As shown in the chart above, the TRAC VORTECS steg result turned dark green on October 30, peaking at 81 about 49 hours before the price started to rise 232% over the next two days.
The sudden rise in the price of TRAC means the token is listed on several new cryptocurrency exchanges, including Coinbase.
XYO network exceeds 3 million nodes
The XYO Protocol is a geospatial network of oracles made up of a decentralized ecosystem of entities that anonymously collect, verify, and register data on the XYO blockchain.
VORTECS fra data from Cointelegraph Markets Pro began to show optimistic outlook for XYO on October 30, ahead of the recent price hike.
VOTECS ™ score (green) versus XYO price. Source: Cointelegraph Markets Pro
As shown in the chart above, the VORTECS ™ result for XYO rallied to green on October 30 and peaked at 76 around 67 hours, then rallied 88% over the next two days.
XYO picks up steam when the network crosses 3 million nodes on October 14.
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Maker’s TVL goes to the next level
Maker is the original symbol for the MakerDAO DeFi Lending Protocol, which allows users to freeze assets to mint coins in the DAI stack.
VORTECS fra data from Cointelegraph Markets Pro began to show optimistic outlook for MKR on November 1, ahead of the recent price hike.
VORTECS ™ score (green) versus MKR price. Source: Cointelegraph Markets Pro
As shown in the chart above, VORTECS for the result for MKR turned green on November 1 and peaked at 70 about three hours before the price started to rise 51.4% over the next two days.
According to DeFi Llama data, the rise in price and dynamics of MKR means that the total protocol locked cost (TVL) reaches $ 17.98 billion. This makes Maker the second DeFi protocol for TVL.
The total market value of the cryptocurrency is now $ 2.711 trillion, and the dominance of bitcoin is 43.2%.