After Bitcoin soared to $33,000, altcoins received double-digit gains


With Bitcoin (Bitcoin) The price rose to $32,858, but some analysts also warned The market may not get out of trouble however.

Data from Cointelegraph Markets Pro with Transaction view The biggest gains in the past 24 hours are Telcoin (TEL), Polygon (MATIC) and Axie Infinity (AXS), indicating that the recovery is general and not limited to large-cap cryptocurrencies.

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

As shown in the table above, the best performing tokens represent various cryptocurrency sub-sectors, including irreplaceable tokens, artificial intelligence, and decentralized financial projects.

Telcoin secures new trading pairs on QuickSwap

Telcoin (TEL) is a blockchain protocol focused on sending and receiving mobile-based global remittances, which has performed best in the past 24 hours.

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

TEL rose 71% from its low of $0.0091 on July 20 to an intraday high of $0.0158, and its 24-hour trading volume soared by 136% to $43 million.

After the introduction of the “DeFi agent” in the Fetch agreement, interest in the project has increased significantly. The agent aims to help users manage their liquidity and protect them from impermanent loss or drag.

The price of MATIC has soared after the release of Polygon Studios

The second-best performing token on the 24-hour chart is Polygon (MATIC), which is a popular second-layer solution for Ethereum (Ethereum) Network adoption rate increased significantly in the first half of 2021.

VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, a bullish outlook for MATIC began to be discovered on July 20.

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 MATIC price. source: Cointelegraph Markets Pro

As shown in the figure above, the VORTECS™ Score of MATIC turned green for the first time on July 19, and climbed to a high of 77 on July 20, as its price fell to a low of $0.62, just after its price Rose by 52% in 29 hours.

Polygon’s strong momentum is largely due to freed Polygon Studios is the “new arm of the blockchain game and NFT ecosystem” of the agreement.

related: The trading company of the richest cryptocurrency billionaire revealed that it bought “more” bitcoins for less than $30,000

AXS regains momentum

The third-best performer in the past 24 hours is Axie Infinity (AXS), a protocol focused on NFT, due to the surge in user activity and Income opportunity It provides services to users in economically backward countries.

According to the data from Cointelegraph Markets ProFor some time, the market conditions of AXS have been very favorable.

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

As shown in the graph above, AXS’s VORTECS™ score has been rising for most of the past week and reached a high of 77 on July 20, which is about the hour before the price increased by 46% in the next 16 hours. . Currently, AXS is trading at $18.

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