After Bitcoin recovered $43,000, altcoins rebounded by 35%

Since Evergrande informed investors that it intends to repay its debts on time, the sharp correction that threatened to bring Bitcoin and altcoin prices back to their lows seems to have dissipated. As the global market felt relieved, the prices of major stocks, Bitcoin and altcoins all rebounded at the opening.

After quickly falling below $40,000 on September 21, Bitcoin The trading price is now higher than $43,300 and Ether (Ethereum) Has returned to the level of 3,000 USD. Altcoins have also seen a strong recovery, many of which have gained as much as 15% at the time of writing.

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

Data from Cointelegraph Markets Pro with Transaction view Livepeer (LPT), COTI (COTI) and Axie Infinity (AXS) showed the biggest gains in the past 24 hours.

Livepeer list on the Web3 index

Livepeer is a decentralized video streaming network based on Ethereum, designed to replace traditional broadcast solutions.

VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, a bullish outlook for LPT began to be discovered on September 21.

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 LPT price. source: Cointelegraph Markets Pro

As shown in the figure above, LPT’s VORTECS™ score began to rise on September 20, and reached a high of 71 on September 21, approximately 19 hours before the price soared by 36% the next day.

After the price of LPT rises emission The Web3 index, with Livepeer as one of the initial projects, helps to increase the visibility of the project.

COTI’s Ministry of Finance publishes its “technical” white paper

COTI is an enterprise-level financial technology platform that focuses on decentralized payments, and is the second largest winner in the past 24 hours.

VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, the outlook for COTI began to be found to be bullish on September 21.

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

As shown in the figure above, COTI’s VORTECS™ score climbed to green on September 2 and reached a high of 77 approximately 10 hours before the price soared by 35% the next day.

COTI price rebound freed COTI financial technical white paper and token list on

related: Avalanche recovered from Evergrande-led sell-off, AVAX rebounded by more than 30%

Axie Infinity rebounds after a long period of decline

Axie Infinity (AXS) is a blockchain-based game earning trading and battle game where users can collect, breed, raise, and battle token-based creatures in the game, called Axies.

According to data from Cointelegraph Markets Pro, AXS has been in market conditions for some time.

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

As shown in the graph above, AXS’s VORTECS™ score has been in the green zone for most of the past week and peaked at 82 on September 20, approximately 24 hours before its price rose by 33% the next day.

The price increase of AXS occurred after the token was listed on Bitfinex, and the “NewsQuakes™” alert system of Cointelegraph Markets Pro registered for this announcement approximately 15 hours before its price started to rise.

The overall cryptocurrency market value is now $1.921 trillion, and Bitcoin’s dominance rate is 42.3%.

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