Altcoins book 40% gains after Bitcoin and the crypto market enter a relief rally

As the wider cryptocurrency market sees green, and Bitcoin (BTC), price trading close to $38,000, crypto investors are feeling a renewed sense of hope. Even though the market has seen a surge, traders warn against overreacting ahead of the Federal Open Market Committee meeting at which the Federal Reserve will likely announce their plans to raise interest rates.

Altcoin projects that are based on bullish sentiment have seen their prices rise more than 41%, as dip buyers seek to protect their positions ahead of any market rally.

The top 7 coins that saw the largest 24-hour price changes. Source: Cointelegraph Markets Pro

Cointelegraph Markets Pro data and TradingView show that Frontier (FRONT), Decentral Games(DG) and Quantstamp® (QSP) were the largest gainers in the last 24 hours.

Bithumb has frontier lists

Frontier is a decentralized, chain-agnostic, decentralized finance aggregator that allows users to store, trade, and invest in crypto assets across multiple blockchain networks using one interface.

Data from Cointelegraph Markets Pro showing VORTECS(tm), began to identify a bullish outlook on FRONT in January 24, before the recent price increase.

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. the FRONT price. Source: Cointelegraph Markets Pro

The chart shows that the VORTECS(tm), Score for FRONT increased into the green zone on January 23 and reached a peak of 86 on January 24, 33 hours before the price spiked 100 percent over the next day.

FRONT prices have risen since the token was listed on Bithumb, a Korean cryptocurrency exchange.

Decentral Games launches ICE poker

Decentral Games, a play-to earn gaming protocol, offers players the opportunity to make a living by incentivized gameplay and self-custody. It also allows for the delegation of yield-bearing Metaverse resources.

Cointelegraph Markets Pro data and CoinGecko data show that the price for DG has risen 55% from a low point of $0.236 on January 25 to a high of $0.366 daily on Jan 26.

DG/USD 1-hour chart. Source: CoinGecko

The beta version of protocols ICE poker is now available and allows users to create avatars.

Related: Bitcoin price hits $38K, as Bitcoin analysts concentrate on the weekly close

Services like Quantstamp are highly in demand

Quantstamp, a blockchain security and code audit provider, saw its token price increase 66% on January 26 to reach a daily high $0.357.

Data from Cointelegraph Markets Pro showed that VORTECS(tm), a data service of Cointelegraph Markets Pro, began to show a bullish outlook on QSP in January 23, before the recent price increase.

VORTECS(tm), Score (green) vs. the QSP price. Source: Cointelegraph Markets Pro

The chart shows that the VORTECS(tm), Score for QSP rose to 73 on January 23, just 10 hours before the market staged a 69% rally in the following two days.

Quantstamp’s audits of multiple projects, including the code for CasperSwap and MakersPlace NFT markets, have led to QSP’s rising price.

The total cryptocurrency market is now worth $1.734 trillion, and Bitcoin’s dominance rate at 41.8%.

com. You should do your research before making any investment or trading decision.
https://cointelegraph.com/news/altcoins-book-40-gain-after-bitcoin-and-the-crypto-market-enter-a-relief-rally

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Donna Burk

Donna Burk– Business News My Name is Donna Burk and I am also the main source from the ‘Dailynewssheet.com’ of all the exclusive and most delicate visualization of the activities in the business sector. My first step towards this journey was taken in the very early years of my life. I started with an independent financial consultant. However, I only had almost 4 years of skills and experience in this market. I have always been a free personality and like to fly one place to another, to explore more and more. Moreover, this passion and craze of traveling gave me a chance to report a section for best news associations. Last but not least, I am presently working full-time as an editor.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami