Bitcoin’s (BTC), rise above $48,000 was backed by similar moves by altcoins. Analysts expect the market-wide rally will continue if the digital asset at the top of the heap can reach the $50,000 resistance level.
The top 7 coins that saw the largest 24-hour price changes. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data show that Frontier (FRONT), Ren(REN) and Keep Network were the largest gainers in the last 24 hours.
Frontier’s cross-chain app launch excites the community
Frontier is a Decentralized Finance (DeFi) Aggregator that focuses on providing support for the Ethereum Smart Chain, Harmony and Binance Smart chains.
VORTECS(tm), data from Cointelegraph Markets Pro, began to detect a bullish outlook on FRONT on September 11, before the recent price rise.
Cointelegraph’s exclusive VORTECS(tm), Score is an algorithmic comparison between historical and current market conditions. It is derived from a combination data points, including trading volume, market sentiment and recent price movements, as well as Twitter activity.
VORTECS(tm), Score (green), vs. FRONT Price. Source: Cointelegraph Markets Pro
The chart shows that the VORTECS(tm), Score for FRONT changed to green on September 11th and reached an all-time high of 80 just 34 hours later. Its price then increased 66% in the following two days.
FRONT’s price surge was caused by the announcement of version 2 of Frontier, the app that allows users to connect all their cryptocurrency wallets via integration with wallet connect.
Ren is moving towards total decentralization
Ren is an open protocol that facilitates interoperability between different blockchains. It’s one of the most popular solutions to integrate Bitcoin with the DeFi ecosystem.
VORTECS(tm), data from Cointelegraph Markets Pro started to detect a bullish outlook on Ren on Sept. 14, before the recent price increase.
VORTECS(tm), Score (green), vs. the REN price. Source: Cointelegraph Markets Pro
The chart shows that the VORTECS(tm), Score for REN started to climb in the green zone on September 13th and climbed to a peak of 71 on September 14th, just as the price began to rise by 40% the day after.
The Ren ecosystem is now moving closer to becoming fully decentralized, thanks to the September 13th announcement of Greycore, a semidecentralized validation set.
Related: MicroStrategy’s Bitcoin treasury surpasses cash held in 80% of S&P 500 companies non-financial
Keep Network announces a new DAO proposal
Keep Network was the third largest gainer in the 24-hour chart. This protocol is made up of off-chain containers known as “keeps” for private data and combines to create an “incentivized network” for storing encrypted private information on a public Blockchain.
Cointelegraph Markets Pro and TradingView data show that KEEP prices rallied 45% after hitting a low of $0.38 Sept. 13. The intraday high was $0.55 Sept. 15. As its 24-hour trading volume jumped 250% to $80 millions, the KEEP price surged 45% to $0.55 Sept. 15.
Chart for KEEP/USDT 4 hours Source: TradingView
The protocol has released a DAO proposal to merge the NuCyper with Keep communities under one governance platform. This caused a spike in KEEP’s price.
The total cryptocurrency market is now worth $2.182 trillion, and Bitcoin’s dominance rate at 41.6%.
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