Bitcoin’s (BTC) rise again above the $48,000 mark was again by comparable strikes from altcoins and analysts anticipate the market-wide rally to proceed if the top-ranked digital asset can take purpose on the $50,000 resistance stage.
Data from Cointelegraph Markets Pro and TradingView exhibits that the most important gainers over the previous 24 hours have been Frontier (FRONT), Ren (REN) and Keep Network (KEEP).
Frontier’s cross-chain app launch excites the group
Frontier is a decentralized finance (DeFi) aggregator that focuses on providing help for the Ethereum, Binance Smart Chain and Harmony blockchain.
VORTECS™ information from Cointelegraph Markets Pro started to detect a bullish outlook for FRONT on Sept. 11, previous to the latest worth rise.
The VORTECS™ Score, unique to Cointelegraph, is an algorithmic comparability of historic and present market circumstances derived from a mixture of information factors together with market sentiment, buying and selling quantity, latest worth actions and Twitter exercise.
As seen within the chart above, the VORTECS™ Score for FRONT turned inexperienced on Sept. 11 and climbed to a excessive of 80 round 34 hours earlier than its worth elevated 66% over the following two days.
The sudden surge in worth for FRONT got here after the challenge introduced the upcoming launch of model 2 of the Frontier app, which permits customers to hyperlink will all their cryptocurrency wallets by way of integration with pockets join.
Ren strikes in the direction of full decentralization
Ren is an open protocol designed to facilitate interoperability and liquidity between completely different blockchains and presents one of the crucial used options for integrating Bitcoin with the rising DeFi ecosystem.
VORTECS™ information from Cointelegraph Markets Pro started to detect a bullish outlook for Ren on Sept. 14, previous to the latest worth rise.
As seen within the chart above, the VORTECS™ Score for REN started to climb into the inexperienced zone on Sept. 13 and climbed to a excessive of 71 on Sept. 14, simply as the worth was starting to extend by 40% over the following day.
The constructing momentum for REN comes following the Sept. 13 announcement that the RenVM testnet has built-in Greycore, a semi-decentralized validator set that can assist the Ren ecosystem transfer nearer to its aim of changing into totally decentralized.
Related: MicroStrategy’s Bitcoin treasury exceeds money held by 80% of S&P 500 non-financial corporations
Keep Network launches a brand new DAO proposal
The third largest gainer on the 24-hour chart is Keep Network, a protocol comprised of off-chain containers for personal information identified as “keeps” that mix to create an “incentivized” community for storing encrypted non-public information on a public blockchain.
Data from Cointelegraph Markets Pro and TradingView exhibits that after reaching a low of $0.38 on Sept. 13, the worth of KEEP rallied 45% to an intraday excessive at $0.55 on Sept. 15 as its 24-hour buying and selling quantity spiked 250% to $80 million.
The spike within the worth of KEEP comes as the protocol launched a DAO proposal that goals to mix the NuCyper and Keep communities beneath one governance platform.
The general cryptocurrency market cap now stands at $2.182 trillion and Bitcoin’s dominance charge is 41.6%.
The views and opinions expressed listed here are solely these of the writer and don’t essentially mirror the views of Cointelegraph.com. Every funding and buying and selling transfer includes danger, it’s best to conduct your personal analysis when making a call.