The cryptocurrency market obtained off to a sluggish begin on Aug. 19 after stimulus tapering talks from the U.S. Federal Reserve put stress on wor
The cryptocurrency market obtained off to a sluggish begin on Aug. 19 after stimulus tapering talks from the U.S. Federal Reserve put stress on world monetary markets, however momentum throughout the crypto market picked up within the afternoon session as Bitcoin (BTC) bulls lastly managed to interrupt above the $46,000 degree.
Whereas most altcoins have been sluggish to heat up on Thursday, a number of altcoins led the way in which with positive aspects in extra of 20% resulting from main protocol upgrades and alternate listings.
Knowledge from Cointelegraph Markets Professional and TradingView exhibits that the largest gainers over the previous 24-hours have been Voyager Token (VGX), SwissBorg (CHSB) and Power Net Token (EWT).
Voyager 2.Zero excites buyers
VGX is the native coin of the Voyager platform, a cryptocurrency dealer that gives buying and selling providers to retail and institutional buyers.
VORTECS™ knowledge from Cointelegraph Markets Professional started to detect a bullish outlook for VGX on Aug. 16, previous to the latest worth rise.
The VORTECS™ Rating, unique to Cointelegraph, is an algorithmic comparability of historic and present market situations derived from a mix of knowledge factors together with market sentiment, buying and selling quantity, latest worth actions and Twitter exercise.
As seen on the chart above, the VORTECS™ Rating for VGX turned inexperienced on Aug.15 and proceeded to climb to a excessive of 85 on Aug. 16, round 46 hours earlier than the value elevated 100% over the subsequent day.
Pleasure for the challenge comes as VGX and the platform are present process a token swap and improve to Voyager 2.0.
SwissBorg pumps after a brand new alternate itemizing
SwissBorg is one other platform centered on wealth administration and it supplies a community-centric setting the place customers can alternate and retailer their crypto property.
Knowledge from Cointelegraph Markets Professional and CoinGecko exhibits that after hitting a low at $0.714 on Aug. 18, the value of CHSB spiked 35% to an intraday excessive at $0.973 as its 24-hour buying and selling quantity surged 445% to $16.1 million.
The sudden enhance in momentum for the challenge was the results of the CHSB token being listed on the Bitfinex alternate on Aug. 18 and the rising energy of the ecosystem is evidenced by the latest revelation that the SwissBorg group now has 450,000 verified customers.
Associated: Stablecoin adoption and the way forward for monetary inclusion
Power Net Token staking attracts customers
The value of Power Net Token additionally rallied at this time after the challenge debuted new staking options. In accordance with knowledge from Cointelegraph Markets Professional, market situations for EWT have been favorable for a while.
As seen within the chart above, the VORTECS™ Rating for EWT started to choose up on Aug. 13 and reached a excessive of 77 on Aug. 14, round 84 hours earlier than the value elevated 33% over the subsequent day.
Curiosity within the challenge has begun to rise because of an ongoing series of staff member-led discussions that designate the totally different elements of the protocol, together with staking and the ‘switchboard’ consumer interface.
The general cryptocurrency market cap now stands at $1.954 trillion and Bitcoin’s dominance fee is 43.9%.
The views and opinions expressed listed here are solely these of the creator and don’t essentially mirror the views of Cointelegraph.com. Each funding and buying and selling transfer includes threat, you must conduct your personal analysis when making a call.