The cryptocurrency market faced another day of erratic price action on January 13th after the Bitcoin (BTC) bulls vehemently refused in their attempt to push the price above $44,000. This led to a quick sell-off that pushed the price back to the high line at $42,000.
Despite the midday battle over Bitcoin and many other major cryptocurrencies with market cap, many cryptocurrencies with small caps have managed to make significant progress.
Top 7 currencies with highest price change in 24 hours. Source: Cointelegraph Markets Pro.
Data from Cointelegraph Markets Pro and TradingView shows that the top three winners over the past 24 hours are Cream Funding (CREAM), Electroneum (ETN) and Rari Governance Token (RGT).
CREAM token holders are eligible to receive Iron Bank Token
Cream Finance, a lending protocol from DeFi, led the altcoin market with a gain of over 35% after 24-hour trading volume rose 365% to $75.2 million.
Data from Cointelegraph Markets Pro and TradingView shows that after dropping to $37.10 on Jan. 10, CREAM fell 112% to a daily high of $78.65 on Jan. 13, when trading volume jumped 351% to $75.3 million in 24 hours. . .
CREAM/USDT 4-hour chart. Source: Trading View
The price increase came after it was announced that CREAM token holders can now qualify for the upcoming Iron Bank token by investing in CREAM via the protocol for a longer closing period.
Electroneum focuses on the temporary job economy
Cryptocurrency mobile platform Electroneum has seen the original ETN token price rise 75% to $0.0134 in the last 24 hours, with 24-hour trading volume up 1552%.
VORTECS data from Cointelegraph Markets Pro began showing positive prospects for ETN on January 11, before the recent price rally.
The VORTECS Male Score, exclusive to 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™ score (in gray) vs. ETN Prize. Source: Cointelegraph Markets Pro.
As shown in the chart above, the VORTECS™ valuation for ETN hit a peak of 70 on January 11, roughly four hours before the price surged 77.5% over the next two days.
The sudden increase in ETN trading volume and price occurred when the project refocused its efforts on marketing its standalone AnyTask™ platform. This also contributed to an increase in the main VORTECS score for ETN, which was 80 at the time of writing.
Related: The Bitcoin Cycle Isn’t Over Yet Miners Are Working in the Long Term: Fidelity Report
Rari Capital adds new fuses
Rari Capital is a non-security advisory DeFi bot that allows users to independently profit from their cryptocurrency and uses RGT to perform governance voices over the protocol.
VORTECS data from Cointelegraph Markets Pro began showing a positive outlook for RGT on January 9, before the recent price rally.
VOTECS™ result (green) compared to RGT price. Source: Cointelegraph Markets Pro.
As seen in the chart above, RGT’s VORTECS™ climbed into the green on January 9, peaking at 83 approximately 21 hours before the price started to rise 60.35% over the next three days.
The RGT price increase comes on the heels of the launch of several new Fuse pools in Rari Capital for popular ventures including OlympusDAO, Babylon Finance and BadgerDAO.
The total market capitalization of the cryptocurrency now stands at $2.041 trillion, and the bitcoin dominance rate is 39.8%.