Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels

November 5, 2021 Coin Telegraph

Altcoins like XYO, CRO and WNXM are capitalizing on BTC and ETH’s consolidation by moving higher.

Price action in the crypto market has not been for the faint of heart over the past 48-hours and it's clear that volatility following Bitcoin (BTC) and Ether’s (ETH) breakouts to new all-time highs.

While the top two cryptocurrencies fight to hold key support levels, the altcoin market has seen a handful of tokens post double-digit gains on Nov. 5 and Cointelegraph Markets Pro’s altseason indicator suggests the current market conditions line up with previous altseason price moves.

*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 XYO Network (XYO), Crypto.com Coin (CRO) and Wrapped NXM (WNXM).

XYO lists on Crypto.com

The XYO Network is a blockchain-based geospatial oracle network that taps into decentralized devices that anonymously collect, validate and record data on the XYO blockchain.

According to data from Cointelegraph Markets Pro, market conditions for XYO have been favorable for some time.

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. XYO price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for XYO began to pick up on Nov. 2 and reached a high of 77 around four hours before the price surged 103% over the next two days.

The spike in price of XYO comes as the token was listed on the Crypto.com app and a liquidity mining pool was launced on Gate where depositors can earn a 543.22% return on their investment.

CRO benefits from the Coinbase bump

CRO is the native token of the Crypto.com ecosystem and users can stake CRO alongside other cryptocurrencies on its app to earn rewards, as well and utilize their holdings to make everyday purchases via the Crypto.com Pay mobile payments app.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CRO on Nov. 3, prior to the recent price rise.

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

As seen in the chart above, the VORTECS™ Score for CRO began to pick up on Nov. 3 and reached a high of 76 around two hours before the price increased 64% over the next two days.

The strengthening momentum for CRO comes following the token's Nov. 3 listing on Coinbase and the signing of a multi-year contract with esports tournament host Twitch Rivals.

Nexus Mutual launches a new Shield campaign

WNXM is the wrapped version of the NXM governance token for the Nexus Mutual protocol. Nexus Mutual is a decentralized insurance protocol on the Ethereum network that offers users the ability to take out cover on smart contracts through the use of its native NXM token.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CRO on Nov. 4, prior to the recent price rise.

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

As seen in the chart above, the VORTECS™ Score for CRO began to pick up on Nov. 3 and reached a high of 74 on Nov. 4, around one hour before the price spiked 47% over the next day.

The jump in the price of WNXM comes following the launch of a new shield mining campaign for the Premia Finance (PREMIA) project and the platform’s progress toward launching Nexus V2 which will enable the fund to pay out on partial claims.

The overall cryptocurrency market cap now stands at $2.702 trillion and Bitcoin’s dominance rate is 42.6%.

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.

Parabolic gains for OriginTrail, Maker and XYO Network rouse ‘altseason’ hopes

November 3, 2021 Coin Telegraph

Coin Telegraph

The near triple-digit gains seen in TRAC, XYO and MKR have traders hopeful that an altcoin season is underway.

Calls for the arrival of an altseason are growing louder on Nov. 3 after the price action for altcoins is on the rise and Bitcoin (BTC) price lingers at the $62,000 support level.

At the moment, gaming tokens, supply chain-related projects and decentralized finance (DeFi) protocols are scorching hot and as shown below, many altcoins posted double and triple-digit gains on Nov. 3.

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were OriginTrail (TRAC), XYO Network (XYO) and Maker (MKR).

TRAC gets a boost from the “Coinbase effect”

OriginTrail is a protocol that refers to itself as “the world’s first decentralized knowledge graph” and is designed to help people organize important assets and make them discoverable and verifiable on a blockchain network.

According to data from Cointelegraph Markets Pro, market conditions for TRAC have been favorable for some time.

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

As seen in the chart above, the VORTECS™ Score for TRAC climbed into the dark green zone on Oct. 30 and reached a high of 81 around 49 hours before the price began to increase 232% over the next two days.

The sudden surge in price for TRAC comes as the token was listed on several new cryptocurrency exchanges, including Coinbase.

XYO Network surpasses 3 million nodes

The XYO protocol is a geospatial oracle network comprised of a decentralized ecosystem of devices that anonymously collect, validate and record data on the XYO blockchain.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for XYO on Oct. 30, prior to the recent price rise.

As seen in the chart above, the VORTECS™ Score for XYO climbed into the green zone on Oct. 30 and reached a high of 76 around 67 hours before the price increased 88% over the next two days.

The building momentum for XYO comes as the network surpassing the 3 million node mark on Oct. 14.

Maker's TVL hits a new high

Maker is the native token of the MakerDAO DeFi lending protocol that allows users to lock up assets to mint DAI stablecoins.

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

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

As seen in the chart above, the VORTECS™ Score for MKR turned green on Nov. 1 and reached a high of 70 around three hours before the price began to increase 51.4% over the next two days.

The boost in price and momentum for MKR comes as the total value locked (TVL) on the protocol reached a record $17.98 billion, according to data from DeFi Llama. This makes Maker the second-ranked DeFi protocol by TVL.

The overall cryptocurrency market cap now stands at $2.711 trillion and Bitcoin’s dominance rate is 43.2%.

Altcoins book 50% gains after Bitcoin and Ethereum set a path to new highs

September 3, 2021 Coin Telegraph

Altcoin Watch

POLY, BCHA and XYO led altcoins higher after BTC flipped $50,000 to support and ETH hit $4,000.

The bullish momentum across the cryptocurrency market continued to build on Sept. 3 as a market-wide rally lifted the prices of most altcoins and boosted Bitcoin (BTC) and Ether (ETH) above their respective resistance levels at $51,000 and $4,000.

The recent price gains seen in the altcoin market show no sign of slowing down and several altcoins gained more than 30% on Friday.

Data from Cointelegraph Markets Pro and TradingView shows that the best performers over the past 24-hours were Polymath (POLY), Bitcoin Cash ABC (BCHA) and XYO Network.

Polymath rallies as its 'Polymesh' mainnet launch approaches

Polymath is an Ethereum-based project focused on digital asset management.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.345 on Sep. 1, the price of POLY rallied 56% to an intraday high at $0.54 on Sept. 3 as its 24-hour trading volume exploded by 2,040%.

*POLY/USD 4-hour chart. Source:* *TradingView*

The sudden burst of momentum for the project comes following the Sept. 1 upgrade to the Polymesh incentivized testnet which puts the project one step closer to the full launch of the Polymesh mainnet.

Bitcoin Cash ABC rebrands to eCash

Bitcoin Cash ABC, formerly known as Bitcoin Cash (BCH), recently underwent a rebrand to eCash (XEC).

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic 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. BCHA price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for BCHA climbed into the green zone on Aug. 29 and reached a peak of 81 on Aug. 30, around 74 hours before its price increased 78% over the next day.

Excitement for the project comes following its official rebranding to eCash which also included a token revaluation that increased the circulating supply from 21 million to 21 trillion.

XYO Network benefits from a new collaboration

The XYO Network is a decentralized network of devices that anonymously collect and validate geospatial data and record it on the XYO blockchain.

According to data from Cointelegraph Markets Pro, market conditions for XYO have been favorable for some time.

As seen in the chart above, the VORTECS™ Score for XYO began to pick up on Sept. 1 and reached a high of 77 around seven hours before the price increased 285% over the next day.

This price spike comes after the XYO community got a boost to its visibility on Sept. 1 after CoinApp launched a campaign allowing users to earn XYO tokens for participating in a case study on the application.

The overall cryptocurrency market cap now stands at $2.289 trillion and Bitcoin’s dominance rate is 41.5%.

Altcoins sell off while exchange listings boost COTI and Conflux Network

August 26, 2021 Coin Telegraph

Altcoin Watch

Crypto markets sold off on Thursday, but data from Cointelegraph Markets Pro shows COTI and CFX rallied after new exchange listings.

Bears pressed harder on the market on Aug. 26 after Bitcoin (BTC) continued its pullback to an intra-day low at $46,250 and altcoins nursed near double-digit losses.

While most of the market is seeing red, a few altcoins managed to notch notable gains due to exchange listings and new staking opportunities.

*Top seven 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 COTI, XYO Network (XYO) and Conflux Network (CFX).

COTI rallies after listing on Coinbase

The top-performing coin over the past 24 hours was COTI, an enterprise-grade fintech platform focused on decentralized payments.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for COTI on Aug. 22, prior to the recent price rise.

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

As seen in the chart above, the VORTECS™ Score for COTI turned solidly green on Aug. 22 and proceeded to climb to a high of 79 on Aug. 25, around two hours before the price increased 81% over the next day.

The burst of momentum for COTI came after it was announced that the token would be listed on Coinbase Pro and Huobi, two of the largest cryptocurrency exchanges by daily trading volume.

XYO volume surges

The XYO Network is comprised of a network of devices that anonymously collect and validate data with a geographic component (geospatial). All data obtained from the tracking devices on the network are stored on the XYO blockchain.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for XYO on Aug. 21, prior to the recent price rise.

As seen in the chart above, the VORTECS™ Score for XYO climbed into the green zone on Aug. 21 and reached a high of 72, around 67 hours before its price increased 36% over the next two days.

Conflux Network expands its NFT ecosystem

The Conflux Network is a public, permissionless blockchain network that has the goal of bridging the communities and economies of Asian and Western societies in order to facilitate the secure and interoperable flow of assets and data.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.269 on Aug. 25, the price of CFX rallied 40% to an intraday high at $0.377 on Aug. 26 as its 24-hour trading volume surged by 242% to $66 million.

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

The sudden price surge comes as the CFX ecosystem works on building out its NFT ecosystem, and the token appears to have also benefited from recently being listed on the Mexo and Tokocrypto exchanges.

The overall cryptocurrency market capitalization now stands at $1.993 trillion, and Bitcoin’s dominance rate is 41.2%.

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

Altcoins and DeFi tokens push higher as Bitcoin price falters at $40K

August 4, 2021 Coin Telegraph

Altcoins and DeFi tokens push higher as Bitcoin price falters at K

Altcoin Watch

QNT, SFI and XYO gained more than 20% while bulls attempt to push BTC and ETH back to their local highs.

Bitcoin (BTC) price has recovered from its recent $37,500 low and the digital asset's run back toward the $40,000 mark spurred bullish activity from many altcoins.

Data from Cointelegraph Markets Pro and TradingView shows that the top gainers over the past 24-hours are XYO Network (XYO), Saffron Finance (SFI) and Quant (QNT).

XYO/USD

In the past 24-hours, XYO Network, a location-based data network that uses blockchain to track and record location information, rallied by 72%.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for XYO on Aug. 2, prior to the recent price rise.

As seen in the chart above, the VORTECS™ Score for XYO began to register in the green on Aug. 1 and climbed to a high of 71 on Aug. 2, around 22 hours before its price increased 72 percent.

The growth seen in XYO comes on the heels of a teaser announcement that the developers are working on a “big change to improve how minting works.”

SFI/USD

Saffron.finance, also broke out with a 20% gain, a trend seen among many DeFi tokens today.

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

As seen on the chart above, the VORTECS™ Score elevated into the green zone and reached a high of 75 on Aug. 1, around 55 hours before its price increased 20% over the next day.

Excitement for the project has been building over the past week as community members prepare for the release of Saffron v2 which will offer perpetual SFI staking and an expansion of price protection.

QUANT/USD

Quant (QNT), an interoperability-focused project designed to help enterprises integrate and operate distributed ledger technology, also rallied today, and data from Cointelegraph Markets Pro, market conditions forQNT have been favorable for some time.

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

As seen in the chart above, the VORTECS™ Score for QNT has been in the green for the majority of the past week and reached a high of 79 on Aug. 3, just seven hours before its price increased 25%.

Bullish momentum for QNT has been in an upswing since the July 30 announcement that the token would be listed on the Binance exchange, a development which was registered by the NewsQuakes™ alert system on July 28 and again on July 30.

Xyo Network