After Bitcoin bulls held $50,000, traders poured into altcoins


Bitcoin is back above $50,000 and the bulls are currently trying Make sure that the daily close is at the top Often controversial level.

The strength of BTC has also helped to promote the development of altcoins. At the time of writing, some tokens have risen by more than 20%.

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

Data from Cointelegraph Markets Pro with Transaction view Show the biggest gains in the past 24 hours are Linear (LINA), Secret (SCRT) and Presearch (PRE).

LINA is closer to launching a complete governance function

Linear is a decentralized delta-one asset protocol that is cross-chain compatible between the Ethereum (ETH) network and Binance Smart Chain (BSC). The network supports the creation, trading and management of liquid synthetic assets.

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

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

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

As shown in the figure above, LINA’s VORTECS™ score climbed to the dark green area on September 29, and reached a high of 93 in 26 hours or so before the price began to rise by 73% in the next four days.

After the project released more details about the upcoming Linear DAO, the momentum skyrocketed, which will include a new governance model that supports community voting.

SCRT rally before supernova upgrade

SCRT is the native currency of Secret Network. Secret Network is a blockchain protocol with built-in data privacy for smart contracts and decentralized applications, without permission and protecting privacy.

Before the recent price increase, VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for SCRT on September 30.

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

As shown in the graph above, SCRT’s VORTECS™ score climbed to green on September 29 and reached a high of 75 on September 30, approximately 12 hours before its price began to rise by 135% in the next five days.

As SCRT prices soar, the agreement is preparing for its Supernova protocol update, which will be able to integrate with the Cosmos Inter-Blockchain Communication (IBC) protocol.

related: Evolution or death: How smart contracts can change the balance of power in the crypto industry

PRE cooperates with CoinMarketCap

Presearch is a blockchain-based decentralized search protocol, driven by the community, allowing users to search privately and reward users for their activities.

Before the recent price increase, VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for PRE on October 2.

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

As shown in the figure above, PRE’s VORTECS™ score climbed to the dark green area on October 2 and reached a high of 88 approximately 3 hours before its price began to rise by 50% in the next three days.

As the price of PRE increased, the project announced Cooperation with CoinMarketCap It directly integrates its data source into the Presearch search engine.

The overall cryptocurrency market value is now 2.17 trillion U.S. dollars, and Bitcoin’s dominance rate is 43.1%.

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