Home Bitcoin 3 altcoins show signs of increasing holdings, while Bitcoin prices fall

3 altcoins show signs of increasing holdings, while Bitcoin prices fall

Jul 15, 2021 0 Comments


On July 15, due to the price of Bitcoin (Bitcoin) Down to its “Final support area“The close to $31,000 has prompted traders to make terrible predictions about the future in which the bulls fail to maintain this level.

Although the entire cryptocurrency market is facing difficulties, relatively obscure altcoins such as Aavegotchi (GHST), Centric Cash (CNS) and Alien Worlds (TLM) have achieved positive returns in the past 48 hours and appear to be in a stealth accumulation mode.

Aavegotchi transaction volume soars before DinoSwap is released

Aavegotchi (GHST) is a non-homogeneous token (NFT) focused on DeFi. It runs on the Aave protocol and allows users to use the avatar in the game called Gotchi as collateral to obtain pledge rewards.

GHST/USDT 4-hour chart. source: Transaction view

Data from Cointelegraph Markets Pro with Transaction view It shows that the price of GHST has risen 21% from a low of $0.997 on July 14 to an intraday high of $1.21 on July 15. Its 24-hour trading volume has doubled from the previous day.

Viewing Aavegotchi’s Twitter feed reveals that the new enthusiasm for GHST is due to the upcoming release Dinosaur Exchange, A multi-chain agricultural agreement that helps attract and establish the liquidity of existing automated market makers (AMM).

The new way for token holders to obtain additional income on the Polygon (MATIC) network helps to increase liquidity and transaction volume, which leads to an increase in the price of GHST.

After migrating to Binance Smart Chain, Centric Cash rose

Centric Cash (CNS) is another token. Due to the successful migration to Binance Smart Chain (BSC), it has made positive gains in the originally red market.

According to the project’s website, CNS is a dual-token protocol that rewards adoption in the form of a fixed hourly rate of return, and “stable over time, because it will self-regulate the token supply to meet Changing needs”.

The project migrated from the Tron blockchain to BSC to help increase exposure and transaction volume by accessing the broader Binance ecosystem.

Due to the increased attention and transaction volume of CNS after the migration, its price rose 36% from a low of $0.0003 on July 14 to an intraday high of $0.00042, as traders wanted to obtain tokens and provide them for its launch on PancakeSwap Working capital.

The alien world shows signs of accumulation

Alien Worlds (TLM) also outperformed the field this week. The blockchain game platform provides an NFT meta-world connected to DeFi, where users can collect and play unique digital items, in an environment that stimulates economic competition and collaboration between players.

TLM/USDT 4-hour chart. source: Transaction view

The price of TLM has skyrocketed by 307% in the past week, from a low of $0.08 on July 9 to an intraday high of $0.33 on July 15, with a 24-hour trading volume of $884 million.

related: New data hints at why Bitcoin price movement took two months to reach $30,000

Although there has not been an important protocol announcement that can be easily identified as a reason for increasing momentum, the project’s Twitter feed shows some new NFT versions that are recently available through the game, as well as an announcement that Binance Planet will be very It will soon be added to the Alien Worlds ecosystem.

In general, projects that include NFT functions and a few DeFi protocols continue to perform well, while large projects in the crypto market have been negatively affected by Bitcoin’s repeated rise to the $31,000 level.

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