Volatility increased on the second day after concerns grew about a new variant of Omicron for COVID-19 and the Federal Reserve’s admission that an earlier than expected adjustment of the bond buying program continues to affect global stock markets. The impact of these concerns appears to have affected the price of Bitcoin, as the digital asset retreated from its intraday high of $ 59,175 this morning, falling to $ 55,875.
However, this is not just bad news for holders of cryptocurrencies, as many digital currencies have risen significantly in the last 24 hours.
Top 7 currencies with a maximum price change of 24 hours. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data show that Shiba Inu (SHIB), Rari Governance Token (RGT) and Ampleforth (AMPL) have seen the biggest gains in the last 24 hours.
Shiba Inu reveals the game plan and Metaverse
Shiba Inu is a meme coin that runs on the Ethereum network (ETH) and has become popular through 2021, and includes new trends such as non-financial tokens (NFT) and decentralized finance (DeFi).
VORTECS fra data from Cointelegraph Markets Pro began to define the optimistic outlook for SHIB on November 29, ahead of the recent price increase.
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. SHIB price. Source: Cointelegraph Markets Pro
As you can see from the chart above, while SHIB’s VORTECS s score has remained relatively unchanged over the past week, the Cointelegraph Markets Pros NewsQuakes system system released three updates approximately 15 hours before the price rose 42% over the next day.
SHIB’s price increase follows the Kraken-listed token and the news that Shiba Inu is teaming up with William Wolf, former Vice President of Technology at Activision, to create games for the project’s ecosystem and conquer Metaverse.
Related: Shiba Inu gets over 30% in just two days as Kraken announces its inclusion in SHIB
Rare Capital has a net worth of $ 1.5 billion.
Rari Governance Token is a token from Rari Capital, a non-custodial DeFi robo advisor that allows users to independently generate revenue from their cryptocurrencies.
VORTECS fra data from Cointelegraph Markets Pro began to define optimistic prospects for RGT on November 25, ahead of the recent price increase.
VOTECS ™ result (in green) vs. RARI price. Source: Cointelegraph Markets Pro
As you can see from the chart above, the RGT VORTECS steg reading rose sharply to the green and peaked at 77 on November 25, about 78 hours before the price rose 51.5% over the next two days.
The RGT rally was created when the total cost of the protocol exceeded 1.5 billion dollars and a new shield mining campaign was launched with Nexus Mutual (NXM) where NXM members could earn RGT for their gaming actions.
Ampleforth adds an envelope
Ampleforth is a repatriation project hosted on the Ethereum network that uses an algorithmically modified trading offering that aims to be the mainstay of a decentralized economy that can remain independent of the price movement of other cryptocurrencies.
Data from Cointelegraph Markets Pro and TradingView show that after reaching a low of $ 0.75 on November 22, the AMPL price rose 87.5% to a daily high of $ 1.41 on November 30.
AMPL / USDT 4-hour chart. Source: TradingView
The spike appears to be related to the wAMPL version, which is an encapsulated AMPL version that cannot be updated and can be used more easily across the entire DeFi ecosystem.
The total market value of cryptocurrency is now $ 2.613 trillion, with bitcoin dominance at 41.1%.