markets pro

Markets are weak, but ALGO, FXS and HNT book a 20%+ rally — Here’s why

May 3, 2022 Coin Telegraph

Algorand

Algorand, Frax Share and Helium staged brief double-digit rallies in an otherwise stagnant market, thanks to a major partnership and new project developments.

Large-cap cryptocurrency continue to slump as investors await comments from the Federal Open Markets Committee regarding the exact size of the next interest rate hike.

There are, however, a few bright spots in the market and select altcoins managed to post double-digit gains in trading on Tuesday thanks to a big-time partnership announcement and cross-protocol collaborations that led to a spike in demand.

Data from Cointelegraph Markets Pro and TradingView shows that three of the biggest gainers over the past 24-hours were Algorand (ALGO), Frax Share (FXS) and Helium (HNT).

Algorand

The pure proof-of-stake blockchain network had perhaps one of the most notable partnership deals for a crypto project in recent months after this week's announcement that it had been selected as the official blockchain of FIFA, the globally recognized international governing body for football.

BREAKING: @FIFAcom has announced #Algorand will become the official blockchain of FIFA, empowering the global football community with cutting-edge, sustainable technology. Read more https://t.co/LTTUqGNLNA @FIFAWorldCup #FIFAWorldCup pic.twitter.com/LuEFTY3WK6
— Algorand (@Algorand) May 2, 2022

ALGO was trading at a price of $0.58 prior to the announcement and the price proceeded to rally 28% to a daily high of $0.743 as news of the collaboration spread across the crypto ecosystem.

*ALGO/USDT 4-hour chart. Source: TradingView*

At the time of writing, ALGO is trading at $0.673, representing a 16% gain on the 24-hour chart.

In addition to the FIFA announcement, Algorand has been expanding its ecosystem by launching decentralized finance and nonfungible token protocols on the network. The project also launched a blockchain-based card game called Aegir Tactics and a real estate tokenization platform called Vesta Equity.

Frax Share

Frax Share, the native token of the Frax protocol, is the first fractional-algorithmic stablecoin project to launch in the cryptocurrency ecosystem and today the asset staged a 23% rally despite the wider market being in a downtrend.

FXS price staged a 23% rally from $21.89 on May 2 to $26.94 on May 3 after a 200% increase in its 24-hour trading volume.

*FXS/USDT 4-hour chart. Source: TradingView*

The sudden turnaround in FXS price comes as the popularity of 4pool, a new Curve Finance stablecoin liquidity pool that was developed by Terra, began gaining momentum as it deploys on Fantom, Arbitrum and other networks.

4pool is composed of the TerraUSD (UST), FRAX, USD Coin (USDC) and Tether (USDT) stablecoins and it is designed to help concentrate stablecoin liquidity across 4pools located on every major chain through the Curve protocol.

Helium

Helium is a decentralized blockchain network for Internet of Things (IoT) devices and it is powered by a global system of low-power nodes run by miners.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for HNT on May 1, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

*VORTECS™ Score (green) vs. HNT price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for HNT spiked to a high of 79 on May 1, around 13 hours before the price increased 20.35% over the next day.

The gains for HNT followed a developer announcement detailing plans to implement Helium 5G data transfer rewards. This will enable 5G hotspot operators to earn HNT when a compatible 5G device sends data over the network by connecting with the users' hotspot.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Major exchange listings spark a 40% rally in Steem, TrustSwap and 0x

April 21, 2022 Coin Telegraph

Coin Telegraph

STEEM, SWAP and ZRX prices surged shortly after a round of listings at major crypto exchanges.

Sentiment in the cryptocurrency market is on the upswing after small gains from Bitcoin (BTC) and altcoins hint that the market could be in the process of a bullish breakout.

A handful of altcoins are also finding momentum and a round of fresh partnership announcements appear to back the 40% gains seen in select assets on April 21.

*Top 7 coins with the highest 24-hour price change. Source:* *Cointelegraph Markets Pro*

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Steem (STEEM), TrustSwap (SWAP) and 0x (ZRX).

Binance lists STEEM

The community-focused blockchain network Steem is the underlying chain for the social media platform Steemit, which allows users to earn rewards for their posts and interactions within the community.

Data from Cointelegraph Markets Pro and TradingView shows the price of STEEM hit a low of $0.344 on April 20 and then proceeded to surge 77.16% to hit a daily high at $0.61 on April 21 as its 24-hour trading volume exploded.

*STEEM/USDT 4-hour chart. Source: TradingView*

The sudden burst in momentum and trading volume for STEEM follows an announcement from Binance exchange that it was adding support for the STEEM/USDT trading pair.

TrustSwap trades at Bithumb

TrustSwap is a decentralized finance protocol that specializes in the creation of multi-chain token swaps and offers a host of other features including staking, the ability to mint new tokens and an in-house launchpad.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for SWAP on April 16, prior to the recent price rise.

*VORTECS™ Score (green) vs. SWAP price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for SWAP spiked into the green zone and hit a high of 75 on April 16, around 65 hours before the price surged 120.96% higher over the next three days.

The rally in SWAP price follows a new listing on the South Korean cryptocurrency exchange Bithumb and an increased effort to market the protocol's minting module, which allows users to easily create a cryptocurrency and launch it on the BNB Smart Chain as well as the Ethereum and Polygon blockchains.

0x partners with Coinbase

ZRX is a decentralized exchange infrastructure protocol that specializes in facilitating the trading of assets on the Ethereum blockchain without needing to rely on centralized intermediaries.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ZRX on April 19, prior to the recent price rise.

*VORTECS™ Score (green) vs. ZRX price. Source:* *Cointelegraph Markets Pro*

As shown above, the VORTECS™ Score for ZRX peaked at a high of 75 on April 19, just one hour before its price began to rally 71.56% higher over the next two days.

The rapid spike in ZRX price came on the heels of an announcement that Coinbase had partnered with 0x to power their new social marketplace for nonfungible tokens, or NFTs.

The overall cryptocurrency market cap now stands at $1.94 trillion and Bitcoin’s dominance rate is 41.3%.

Upcoming airdrop and boosted staking rewards send Origin Protocol (OGN) price higher

April 21, 2022 Coin Telegraph

Altcoin Watch

OGN booked a 140% rally as increased staking rewards, the launch of a governance token and new NFT launches excite investors.

Stablecoin minting and nonfungible tokens (NFTs) have been the latest trending topics in the cryptocurrency market and protocols like Terra (LUNA) have led the discussion on why stablecoins should be backed by assets like Bitcoin and Avalanche (AVAX).

One project that appears to be following Terra's lead is Origin Protocol (OGN), a platform focused on NFTs and decentralized finance.

Data from Cointelegraph Markets Pro and TradingView shows that over the past month, the price of OGN has rallied 143% from a low of $0.25 on March 10 to a daily high of $0.725 on April 19.

*OGN/USDT 1-day chart. Source: TradingView*

Three reasons for the OGN rally include a reorganization of staking rewards, developments in the protocol's Origin Dollar (OUSD) stablecoin and the expansion of its NFT ecosystem.

Updated staking rewards

Holding and staking OGN tokens is set to become more lucrative following the passage of a governance proposal that will distribute Origin Story platform fees to stakers.

️ A recent governance proposal was passed that will allow Origin Story platform fees, whether primary sales commissions or secondary trading/royalty fees, to be distributed to $OGN stakers after an upcoming re-launch of our staking program.

Read more https://t.co/63WlOPTkGH
— Origin Protocol (@OriginProtocol) April 12, 2022

Origin Story is the protocol's NFT launchpad that has been utilized by musicians, celebrities and creators to mint new lines of NFTs for interested parties to purchase.

The proposal, which was put forward by the core development team at Origin, will establish a direct connection between Origin Story’s product traction and revenue growth and OGN performance and it passed with 100% approval from voting participants.

Following its full implementation, OGN stakers will begin to accrue rewards from primary sales commissions and secondary trading and royalty fees on Origin Story.

Origin revamps its stablecoin

Another development providing a boost for OGN is an increase in the capabilities of the Origin Dollar stablecoin, plus the addition of a governance token and a new exchange listing.

In March, OGN holders voted on a proposal for the creation of a new governance token for OUSD that will be distributed to OGN hodlers.

Important governance proposal for all $OGN holders:

Should we launch a new governance token for $OUSD with a 1:1 airdrop to all $OGN holders?https://t.co/d80l6Kh2qf
— Origin Protocol (@OriginProtocol) March 10, 2022

The measure passed the community vote and helped spark the mid-March rally in OGN price after traders accumulated the token to qualify for the airdrop.

On top of the momentum generated by the governance token launch, OUSD has also benefited from a listing on Gate.io, which is offering OUSD holders extra yield as an additional way to earn aside from the 15% that OUSD holders earn by simply holding the token in a wallet.

Growth of the Origin Protocol NFT ecosystem

A third factor helping to boost the price and on-chain activity for Origin Protocol is the continued expansion of its NFT ecosystem which has seen multiple new projects launch in the past month.

We’re proud to join forces with @praise_pals to bring this collection of 8,888 unique characters to Origin Story. Praise Pals has partnered with celebrities, brands, & thought-leaders to create one-of-a-kind Web3 experiences to give back back to community!https://t.co/USbKiRvCf8
— Origin Protocol (@OriginProtocol) April 11, 2022

The upcoming launch of Blades of Valor, a player-versus-player role-playing game and NFT ecosystem, is also helping to generate buzz for the gaming community on Origin.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for OGN on April 12, prior to the recent price rise.

*VORTECS™ Score (green) vs. OGN price. Source: Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for OGN hit a high of 82 on April 12, around one hour before the price began to increase 68.38% over the next seven days.

QSP, XDB and AST post double-digit gains amid sideways moving market

April 15, 2022 Coin Telegraph

Altcoin Watch

Quantstamp, DigitalBits and AirSwap climb higher as the wider market stagnates and traders take an early weekend in observance of Good Friday.

Activity across the cryptocurrency market has been largely subdued on April 15 as traders in the United States have taken an early weekend thanks to the closure of financial markets for the observance of Good Friday.

A survey of the top 20 tokens indicates a relatively flat trading day, with Bitcoin (BTC) clinging to support above $40,000. Several lower-ranking altcoins managed to post double-digit gains on the back of recent protocol developments.

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Quantstamp (QSP), DigitalBits (XDB) and AirSwap (AST).

Quantstamp launches NFT Combinator

Blockchain security and code audit provider Quantstamp led the altcoin charge as its token price spiked 35% on April 15 to reach a daily high of $0.0804.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for QSP on April 14, prior to the recent price rise.

*VORTECS™ Score (green) vs. QSP price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for QSP spiked into the green and hit a high of 76 on April 14, around three hours before the price increased 35% over the next day.

The move higher for QSP follows the launch of NFT Combinator, a new platform created by Quantstamp that is designed to help incubate up-and-coming digital artists and help them launch their early collections.

DigitalBits partners with David Beckham

DigitalBits is a protocol layer blockchain that is specifically designed to support brand currencies and consumer digital assets.

Data from Cointelegraph Markets Pro and TradingView shows that the price of XDB has climbed 28% from a low of $0.317 on April 14 to an intraday high at $0.404 on April 15, as its 24-hour trading volume spiked 162%.

*XDB/USDT 4-hour chart. Source: TradingView*

XDB's momentum was sparked by the signing of well-known footballer David Beckham as the global ambassador for DigitalBits to help spread awareness of the project around the world.

Airswap launches on Avalanche

The Airswap protocol is a developer-focused decentralized autonomous organization (DAO) that specializes in the creation of decentralized trading systems.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for AST on April 12, prior to the recent price rise.

*VORTECS™ Score (green) vs. AST price. Source:* *Cointelegraph Markets Pro*

As shown in the chart above, the VORTECS™ Score for AST hit a high of 76 on April 12, around 60 hours before the price increased 24% over the next day.

The price reversal for AST follows the March 30 launch of AirSwap v3 and the protocol's April 15 integration with the Avalanche network, which offers AirSwap users lower transaction fees when performing token swaps.

The overall cryptocurrency market cap currently stands at $1.877 trillion and Bitcoin’s dominance rate is 40.9%.

Here’s why Chiliz (CHZ) multi-team NFL partnership and Web3 expansion plan could be bullish

April 14, 2022 Coin Telegraph

Altcoin Watch

Bullish momentum builds for CHZ following a new partnership between Socios.com and multiple NFL teams.

One of the biggest challenges cryptocurrency projects face is finding the right type of real-world integration and a use case that can spark a new waves of adoption.

Integrating blockchain and cryptocurrency with professional sports has been the expected "next wave" for some time and Chiliz (CHZ), a protocol focused on creating a fan engagement platform for various sports leagues, made headlines for its new developments this week.

Data from Cointelegraph Markets Pro and TradingView shows that the price of CHZ has increased 69% from its 2022 low of $0.144 to hit a daily high of $0.256 on April 13.

*CHZ/USDT 1-day chart. Source: TradingView*

CHZ price has been building momentum and a new partnership between the Socios.com fan engagement platform and thirteen National Football League (NFL) teams, plus the success of the platform's European Football team tokens appear to be adding to the bullish sentiment. The project also plans to host its public testnet launch of Chiliz Chain 2.0.

New NFL partnerships could spark growth

The most recent development to spark a price rally in CHZ was the April 13 announcement that the network’s Socios.com sports fan engagement platform signed multi-year marketing agreements with 13 NFL teams.

13 in one day.

Take a bow, @SociosUSA
— Socios.com (@socios) April 13, 2022

This agreement marks a significant escalation in the project's presence in American sports leagues and the NFL in particular because it had previously only been working with the New England Patriots.

Success of the European football team tokens

Another reason for the building momentum for Chiliz has been the success of the fan tokens, which were created for a handful of European football teams.

With football being the most popular sport in Europe, Socios has focused on forming partnerships with some of the most popular teams, leagues and players to help expand its presence and attract new users.

Most recently, the platform signed a marketing partnership with Lionel Messi, making the star forward the first global ambassador for the platform.

Lionel Messi and Fan Token creators @socios have joined forces, uniting to build a more inclusive, exciting and rewarding future for fans across the world. @alex_dreyfus https://t.co/2d87cwBUJW pic.twitter.com/rp0DBf3bX8
— Leo Messi (@WeAreMessi) March 29, 2022

Like other mainnet launches, Chiliz Chain 2.0 could be a catalyst

On March 31, the “Scoville” public testnet launched a new layer-1 blockchain network called Chiliz Chain 2.0.

We're extremely happy to present to you, the CC2 testnet - Chiliz Scoville Testnet ️https://t.co/Fn3ATVvinm
— Chiliz ($CHZ) - Powering Socios.com ⚡ (@Chiliz) March 31, 2022

CC2 is designed to help sports and entertainment brands introduce Web3 capabilities, including the ability to mint NFTs and fan tokens. It will also build out decentralized finance (DeFi) products and play-to-earn games, create events, and host loyalty and merchandising programs.

The new chain has adopted a proof-of-stake authority (PoSA) model, which is estimated to be up to 2,000 times more energy-efficient than proof-of-work models and it will be Ethereum Virtual Machine (EVM)-compatible but offer transaction costs that are 200 times cheaper than the Ethereum network.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CHZ on April 12, prior to the recent price rise.

*VORTECS™ Score (green) vs. CHZ price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for CHZ climbed into the green zone on April 12 and hit a high of 81 around 16 hours before the NFL partnership was announced and sparked a 17.3% rally.

Indicators flash bullish on COTI ahead of its mainnet and Djed stablecoin launch

April 13, 2022 Coin Telegraph

Altcoin Watch

COTI turns bullish after increased integration with the Cardano ecosystem and the upcoming launch of MultiDAG 2.0 and the Djed stablecoin reflect strengthening fundamentals.

Development never stops in the fast-paced and competitive crypto sector and COTI is one project that is flashing some bullish signs.

VORTECS™ charts from Cointelegraph Markets Pro show that COTI, an enterprise-grade financial technology platform focused on decentralized payments and digitization for any form of currency, could be on the verge of a breakout.

The indicator began to detect a bullish outlook for COTI after the metric hit a high of 89 on April 13.

*VORTECS™ Score (green) vs. COTI price. Source:* *Cointelegraph Markets Pro*

Three reasons for the improving outlook for COTI include anticipation for the upcoming launch of MultiDAG 2.0, deeper integration with different facets of the Cardano ecosystem and an increase in adoption of the protocol's Djed stablecoin.

Upcoming launch of MultiDAG 2.0

One of the biggest upcoming developments for Coti is the protocol's plan to launch its MultiDAG 2.0 layer which will enable the issuance of new tokens on top of the network's Trustchain.

Launching MultiDAG 2.0 on the COTI mainnet will also enable the creation of a governance token for COTI’s treasury, which will be the first enterprise token and a payment token on top of the COTI Trustchain.

The team currently plans to release a FoxNet for MultiDAG 2.0 in April followed by a Testnet toward the end of May. Once the Testnet is launched, COTI plans to define a new token standard and has tentatively set a goal to launch MultiDAG 2.0 on Mainnet in Q3.

Cardano ecosystem integration

A second factor helping to attract attention to COTI has been its increasing involvement with the Cardano ecosystem, which has started to see the rollout of its first decentralized applications (DApps) and DeFi protocols.

Some of the Cardano-based protocols that COTI has established working relationships with include the Cardano DeFi Alliance, Adaswap, Project Catalyst and NFT-Maker.

Djed stablecoin adoption

Another bullish development for COTI has been the adoption of its Djed stablecoin. Stablecoin issuance has been a trending tactic across the cryptocurrency market as it entices investors to shovel more funds into the related ecosystem in exchange for yield.

Djed is a crypto-backed algorithmic stablecoin developed by Cardano and COTI that uses smart contracts to maintain a stable price and intended to power the Cardano DeFi ecosystem.

Once the project has been fully vetted on Testnet and has completed an external security audit, COTI plans on releasing Djed on its Mainnet by the end of Q2.

We are pleased to announce our new partnership with @RevelarEngine, Cardano’s first NFT Gaming platform.
The integration of Djed will help bring a stable way to buy & sell NFT game assets to the Revelar’s system.

Read more: https://t.co/mOYKwr4bj5 $COTI $DJED pic.twitter.com/scZf2fZeNQ
— COTI (@COTInetwork) April 11, 2022

More than 15 strategic partnerships have been signed with DeFi and NFT protocols in the Cardano ecosystem and there are plans for further expansion. This suggests that Djed will have adequate liquidity and application once it is fully launched and if stablecoin launches from other protocols can be viewed as an indicator of future performance, it's possible that COTI could benefit from the expected boost in protocol TVL.

Kava turns bullish as Ethereum Co-Chain launch initiates push toward EVM compatibility

April 11, 2022 Coin Telegraph

Altcoin Watch

KAVA price continues to trend upward as excitement builds over the upcoming launch of Ethereum and Cosmos Co-Chains.

Protocols in the Cosmos ecosystem have seen a significant amount of growth in 2022 due to the intensifying focus on blockchain interoperability and compatibility with the Ethereum network.

One protocol that has seen a buildup in momentum since the middle of March is Kava, a project that is developing a co-chain architecture for the Cosmos and Ethereum network.

Data from Cointelegraph Markets Pro and TradingView shows that the price of Kava’s native token KAVA has climbed 72.3% after hitting a low of $2.92 on March 13 to establish a daily high of $5.03 on April 8.

*KAVA/USDT 1-day chart. Source: TradingView*

Three reasons for the increase in price and momentum for KAVA include the Ethereum Co-Chain beta launch, the launch of a $750 million developer incentive program and a series of partnerships and protocol launches that have expanded the size of the Kava ecosystem.

Ethereum Co-chain beta launch

One of the most anticipated developments to come out of the Kava ecosystem was the successful completion of the alpha phase of the Ethereum Co-chain launch.

Ethereum Co-Chain Alpha was AMAZING!

Beta is LIVE & already a powerhouse.

Mainnet launches May 10th, 2022! #Kava #EVM pic.twitter.com/tnfyAkeLoN
— Kava Network (@kava_platform) April 7, 2022

The Ethereum Co-Chain enables support for Ethereum Virtual Machine (EVM) smart contracts while the Cosmos Co-Chain enables support for the Tendermint consensus engine and the Inter Blockchain Communication Protocol (IBC). A translator module connects the co-chains and allows for seamless interoperability between the networks.

The mainnet launch of the Ethereum Co-Chain is expected to take place on May 10.

Kava launches a $750 million developer incentive program

A second reason for the building strength of KAVA was the March 3 launch of Kava Rise, a $750 million developer incentive program designed to help onboard developers from decentralized finance (DeFi), gaming and nonfungible projects into the Kava community.

Kava Rise is an on-chain incentive mechanism that will distribute 62.5% of all block rewards to developers who are building on Kava’s Ethereum and Cosmos Co-Chains as part of the protocol’s effort to become a builder-owned network. The remaining 37.5% of block rewards will be distributed to stakers.

The incentive program is expected to go live with the Kava 10 upgrade, which will also include the launch of the Cosmos and Ethereum Co-Chains on the Kava mainnet.

New partnerships and protocol launches

A third factor helping to boost the demand for KAVA has been the addition of new partnerships and protocols for the Kava network.

Some of the newest protocols to launch on the Kava co-chain architecture include the NFT marketplace OpenBiSea, the decentralized finance launchpad DexPad and the DeFi piggy bank WePiggy.

Other recent launches on Kava include the multichain DeFi lending protocol ForTube, the Ruby Protocol that brings the first algorithmic stablecoin to the Kava Ethereum Virtual Machine (EVM) and an Ethereum Co-Chain integration with the Ren protocol.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for KAVA on April 1, prior to the recent price rise.

*VORTECS™ Score (green) vs. KAVA price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for KAVA began to pick up on April 1, around 94 hours before the price increased 25% over the next three days.

IOST, SKALE Network and CELR gain 30% as traders call for an altseason

March 31, 2022 Coin Telegraph

Altcoin Watch

CELR, IOST and SKALE secured double-digit gains thanks to a handful of protocol upgrades and announcements related to cross-chain ability.

Volatility is back in full force in the cryptocurrency market and the price of Bitcoin (BTC) has undergone several $1,000 swings over the past few days and select altcoins have seen their prices surge to new highs after major announcements.

The big winners on March 31 include protocols that focus on interoperability between the major blockchain networks as well as projects that are looking to release major updates in the near future.

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were SKALE Network (SKL), IOST and Celer Network (CELR).

SKALE Network prepares to launch v2.0

The SKALE Network is an Ethereum (ETH) native multichain scaling network focused on helping to run Solidity smart contracts at a greater speed for a fraction of the cost compared to operating on the Ethereum mainnet.

Data from Cointelegraph Markets Pro and TradingView shows that the price of SKL blasted 141% from a low of $0.1374 on March 25 to an intraday high of $0.3322 on March 31 amidst a 100% spike in its 24-hour trading volume.

*SKL/USDT 1-day chart. Source: TradingView*

The sudden surge in interest for SKL comes ahead of the launch of SKALE v2.0 and an increase in project exposure at a recent NFTLA networking event hosted by Blockdaemon.

IOST announces EVM-compatibility

IOST is a decentralized blockchain network that implements a “proof-of-believability” consensus protocol to achieve higher processing speeds than competing networks.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for IOST on March 26, prior to the recent price rise.

*VORTECS™ Score (green) vs. IOST price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for IOST began to pick up on March 26, around two hours before the price began to increase 112% over the next five days.

The increase in demand for IOST came after the protocol revealed Project Entroverse, which will bring Ethereum Virtual Machine (EVM) compatibility to the IOST network and allow assets and applications to migrate between the two networks with ease.

Celer Network shifts to the BNB Smart Chain

The Celer Network is a layer-two scaling solution that employs off-chain transaction handling as a way to help increase processing speeds and decrease transaction costs.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CELR on March 29, prior to the recent price rise.

*VORTECS™ Score (green) vs. CELR price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for CELR climbed into the green on March 29 and hit a high of 82 around nine hours before the price increased by 41.48% over the next day.

The move higher for CELR follows the revelation that the network was chosen to become the official interoperability layer of the BSC Application Sidechain (BAS) on the BNB Smart Chain (BSC).

The overall cryptocurrency market cap now stands at $2.097 trillion and Bitcoin’s dominance rate is 41.7%.

Aave v3 launch triggers 50% rally from long-term descending channel pattern

March 30, 2022 Coin Telegraph

Aave

AAVE price broke from its long-term downtrend after the launch of Aave v3 added support for six different blockchain networks in the DeFi space.

The decentralized finance (DeFi) market has been undergoing a period of maturation over the past year and many of last year's fast risers have faded into obscurity but this does not mean the formerly "famous" protocols have not continued to build.

One blue-chip project that is regaining momentum is Aave (AAVE), a non-custodial liquidity protocol that allows users to lend, borrow or stake their assets to earn yield from their holdings.

Data from Cointelegraph Markets Pro and TradingView shows that the price of AAVE has rallied 110% from a low of $114 on March 15 to a daily high at $242 on March 29 as its 24-hour trading volume spiked 442% to $1.26 billion.

*AAVE/USDT 4-hour chart. Source: TradingView*

Three reasons for the price resurgence in AAVE have been the release of AAVE v3, the expansion of the protocol's ecosystem and steadily improving fundamentals.

AAVE v3

Traders have long anticipated the release of Aave v3 which was announced on March 16.

1/ Aave V3 is here!
The most powerful version of the Aave Protocol to date, V3 brings groundbreaking new features than span from increased capital efficiency to enhanced decentralization. Read what's new in V3 in the thread belowor visit https://t.co/H3jTyKRqNs to dive in! pic.twitter.com/LXzn7660nA
— Aave (@AaveAave) March 16, 2022

According to Aave, the new features will help provide greater capital efficiency, increased security and cross-chain functionality, while also helping to promote decentralization across the DeFi ecosystem.

Some of the new features include portals, which offer only “permit listed” bridge protocols that have been approved by Aave governance to facilitate cross-chain transactions, a high-efficiency mode (E-Mode) that allows users to extract the most out of their collateral by providing a higher borrowing power within the same asset category and an isolation mode which limits the available collateral for newly listed assets as a way to help limit exposure and risks to the protocol.

Aave v3 is currently deployed on Polygon, Fantom, Avalanche, Arbitrum, Optimism and Harmony, with more integrations planned in the future.

Ecosystem expansion

A second factor bringing fresh momentum to AAVE has been the expansion of the Aave ecosystem, which includes launching on new networks and forming partnerships and integrations with other DeFi protocols.

On top of now being available on seven different networks, Aave continues to explore new networks to launch on, including Metis.

Aave has also seen an uptick in support from wallet providers and Web3 aggregators, including Instadapp, Debank, 1inch, Paraswap, Zapper, DeFisaver and Zerion.

Aave V3 has landed at Zapper⚡️

Track your @aaveaave V3 portfolio across six networks including @0xPolygon, @avalancheavax, @arbitrum, @FantomFDN, @harmonyprotocol, and @optimismPBC!

Visit https://t.co/UvfknT87el to get started. pic.twitter.com/ASFFGNsTu4
— Zapper ⚡️ (@zapper_fi) March 21, 2022

TVL is on the rise

A third sign of the building strength for Aave can be found by looking at the community behind the protocol, which has continued to see new users onboard into the ecosystem despite the wider struggles of the DeFi sector.

*Total Aave users over time. Source: Dune Analytics*

According to data from Dune Analytics, there are now more than 92,000 unique wallet addresses that have engaged with the AAVE protocol. With the number of chains supported by Aave continuing to increase, there is a strong possibility that this number will rise further in the future.

As a result of new users and the addition of support for new chains, the total value locked (TVL) on the protocol is once again on the rise and currently sits at $13.99 billion according to data from DeFi Llama.

*Total value locked on Aave. Source: Defi Llama.*

The recent addition of support for liquid staking assets such as stETH from Lido Finance has also helped boost the TVL on AAVE, possibly because ETH stakers are looking to maximize their return.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for AAVE on March 24, prior to the recent price rise.

*VORTECS™ Score (grey) vs. AAVE price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for AAVE climbed to a high of 73 on March 24, around one hour before the price began to increase 45.8% over the next five days.

Here is how studying tokens’ price history helps patient traders enjoy consistent average gains.

March 27, 2022 Coin Telegraph

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To those who prefer consistency to lucky guesses, this algorithmic indicator has a lot to offer.

Whether you consider cryptocurrency trading as art, science or a game of skill, one thing is beyond dispute: Those who excel at it are not the traders who maintain the longest series of lucky one-offs but those who establish sustainable trading processes yielding consistent returns.

Ask a sample of seasoned pros if they would prefer to catch one obscure token’s 300%-in-a-day brush with fame or learn a strategy that systematically generates a 3% return on investment. You will be surprised how many of them (likely close to 100% of the sample) prefer modest yet systematic profits.

How does one make their trading processes more systematic? One way is to rely on automated data analytics tools with a proven track record of consistent performance. One such tool is the VORTECS™ Score, an artificial intelligence (AI)-powered algorithm exclusively available to the subscribers of Cointelegraph Markets Pro. Its job is to compare the current combination of trading and social metrics around each crypto asset to past ones, giving traders a heads-up when historical conditions begin to look ripe for a rally.

Here are some numbers from an average week in the March sideways market. To understand what they mean, you only need to wrap your head around two simple notions. First, the higher the token’s VORTECS™ Score, the more favorable its outlook is, historically speaking. Scores of 80 and above are conventionally considered to be strongly bullish. Meanwhile, Scores above 90 indicate the algorithm’s extreme confidence that, in the past, similar patterns consistently showed up ahead of massive rallies.

Second, the algorithm is designed to detect patterns of trading activity and social sentiment that in the past preceded big upsides by 12 to 72 hours. On average, assets tend to perform better after longer times from hitting high Scores.

The data from this week largely supports this observation. As the table shows, forty coins that hit the VORTECS™ Score of 80 added an average of 2.53% of value 48 hours after reaching the threshold and 3.67% after 72 hours. The average gains generated by the assets that hit the Score of 90 are less reliable because they are based on only three observations: nineties occur way less frequently than eighties. Nevertheless, in most weeks, nineties outperform eighties, as was the case this week.

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This week’s average returns are representative of the broader picture of how the VORTECS™ algorithm performs. Over one year between January 2021-2022, crypto assets that reached the Score of 80 delivered an average gain of 2.45% after 72 hours. The 90-hitters yielded 4.46% after 72 hours.

While these numbers may look modest, more than a year’s worth of observations speak to their consistency. This makes the VORTECS™ Score a sound addition to the arsenal of those who wish to make their trading strategies more systematic.

Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial adviser before making financial decisions.

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