After Bitcoin’s ETF news triggered a market-wide rally, privacy-focused altcoins soared

Traders and the market showed extreme optimism on October 15, after rumors and various documents indicate that there are fewer obstacles to the approval of Bitcoin ETFs.

After the good news, the price of Bitcoin (Bitcoin) It rose to nearly US$63,000 for the first time since April, and the prices of multiple altcoins recorded triple-digit increases.

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

Data from Cointelegraph Markets Pro TradingView shows that the biggest gains in the past 24 hours are NuCypher (NU), Keep Network (KEEP) and Orchid (OXT).

NuCypher cooperates with Keep Network

NuCyper is a protocol focused on creating decentralized encryption, access control and key management system services for public blockchains by providing end-to-end encrypted data sharing and decentralized storage solutions.

Data from Cointelegraph Markets Pro with Transaction view It shows that after hitting a low of US$0.283 in early trading on October 15, the price of new shares soared 535% to an intraday high of US$1.80, and 24-hour trading volume soared 19440% to US$2.152 billion.

NU/USD 4-hour chart. Source: TradingView

As the price and transaction volume of NU surged, the project helped promote the launch of tBTC v2 on Keep Network, aiming to “extend Bitcoin’s anti-censorship feature to every network that can interoperate with Ethereum (Ethereum).

Censorship resistance comes to the Ethereum network

Keep Network is a protocol designed to provide privacy-conscious infrastructure on a public blockchain by creating an incentive network for storing and encrypting private data.

VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, a bullish outlook for KEEP began to be discovered on October 12.

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 KEEP price. source: Cointelegraph Markets Pro

As shown in the figure above, KEEP’s VORTECS™ Score began to rise on October 12, and climbed to a high of 75. The price increased by 585% the next day.

With the two projects cooperating to release tBTC v2 on Keep Network, the momentum of KEEP soared along with the soaring price of NU.

related: Suddenly: Nasdaq listing hints that the SEC may soon approve Valkyrie’s ETF application

Blockchain-based VPN service increases Orchid’s price

Orchid, a virtual private network (VPN) powered by cryptocurrency, describes itself as “the world’s first incentivized peer-to-peer privacy network.

VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, a bullish outlook for OXT began to be discovered on October 12.

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

As shown in the figure above, OXT’s VORTECS™ score climbed to the green zone on October 12 and reached a high of 75 on October 14, approximately 15 hours before its price soared by 82% the next day.

Scrolling through the Twitter feed of the project pointed out that people are paying more and more attention to privacy issues, which is the driving force behind the price surge on Friday, which is consistent with the main goals of Nu and KEEP, indicating that privacy-related project areas may begin to attract more attention. Multi-person attention.

The overall cryptocurrency market value is now $2.482 trillion, and Bitcoin’s dominance rate is 46.6%.

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