After Bitcoin and Ethereum hit new highs, altcoins gained 50%

this The bullish momentum of the entire cryptocurrency market The rise continued on September 3, as the overall market rebound raised the price of most altcoins and boosted Bitcoin (Bitcoin) And ether (Ethereum) Above the respective resistance levels of 51,000 USD and 4,000 USD.

The recent price increase in the altcoin market shows no signs of slowing down. Several altcoins rose by more than 30% on Friday.

The top 7 tokens with the biggest price changes in 24 hours. source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro with Transaction view The top performers in the past 24 hours are Polymath (POLY), Bitcoin Cash ABC (BCHA) and XYO Network.

With the launch of the “Polymesh” mainnet approaching, Polymath soars

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

Data from Cointelegraph Markets Pro with Transaction view It shows that after hitting a low of $0.345 on September 1, Poly’s price rose 56% to an intraday high of $0.54 on September 3, and its 24-hour trading volume surged by 2,040%.

POLY/USD 4-hour chart. source: Transaction view

After the upgrade to the Polymesh Incentive Testnet on September 1, the project suddenly exploded in momentum, which brought the project one step closer to the full launch of the Polymesh mainnet.

Bitcoin Cash ABC changed its name to eCash

Bitcoin Cash ABC, formerly known as Bitcoin Cash (BCH), was recently renamed eCash (XEC).

Cointelegraph’s unique VORTECS™ score is an algorithmic comparison of historical and current market conditions. These data points include a combination of market sentiment, trading volume, recent price changes, and Twitter activity.

VORTECS™ score (green) and BCHA price. source: Cointelegraph Markets Pro

As shown in the figure above, BCHA’s VORTECS™ score climbed to the green zone on August 29, and reached a peak of 81 on August 30. About 74 hours later, its price rose by 78% the next day.

The project is exciting after its official name change to eCash, which also includes a token revaluation, increasing the circulating supply from 21 million to 21 trillion.

related: Bitcoin price breaks through $50,000, share price declines after disappointing U.S. employment report

XYO Network benefits from new cooperation

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

According to the data from Cointelegraph Markets ProFor some time, XYO’s market conditions have been favorable.

VORTECS™ score (green) and XYO price. source: Cointelegraph Markets Pro

As shown in the figure above, XYO’s VORTECS™ score began to rise on September 1, and reached a high of 77 approximately 7 hours before the price rose by 285% the next day.

The price surge occurred after the popularity of the XYO community increased after CoinApp on September 1st. roll out An event that allows users to earn XYO tokens by participating in case studies of the application.

The overall market value of cryptocurrencies is now $2.289 trillion, and Bitcoin’s dominance rate is 41.5%.

The views and opinions expressed here only represent the views of the author and do not necessarily reflect the views of Every investment and trading action involves risk, and you should conduct your own research when making a decision.