The cryptocurrency market once again found itself waiting for some form of catalyst to push prices up, and the market started to trade sideways this week as Bitcoin struggled to gain a foothold near US$48,000.
Some altcoins have succeeded in getting rid of the broader market malaise and have achieved impressive gains, which makes Cointelegraph more credible Market Professional Edition Data Intelligence Service, now Indicates that altseason has arrived.
Celo launched the “DeFi for the people” project
The biggest increase in the past 24 hours is Celo, a blockchain ecosystem that focuses on increasing the adoption of cryptocurrency by smartphone users to help improve global financial inclusion.
VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, a bullish outlook for CELO began to be discovered on August 29.
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.
As shown in the figure above, CELO’s VORTECS™ score turned green on August 29 and reached a high of 75 in about 20 hours, and then its price soared by 170% the next day.
The sudden spike in the price of CELO is launching a $100 million “DeFi for the people” initiative It is jointly developed by Celo and many partners including AAVE, SushiSwap, Curve, 0x and PoolTogether. The plan is based on the Celo blockchain and aims to use the decentralized nature of the blockchain ecosystem to help improve the financial inclusion of 6 billion mobile phone users worldwide.
Fantom’s liquidity mining plan attracts investors
Fantom is a smart contract platform that uses a directed acyclic graph architecture to try to solve common problems faced by other blockchain networks, including slow transaction speed and high cost.
According to the data from Cointelegraph Markets ProFor some time, FTM’s market conditions have been favorable.
As shown in the figure above, FTM’s VORTECS™ score began to rise on August 28, and climbed to a high of 70 on August 29, approximately four hours before the price rose by 80% the next day.
After August 30, interest in FTM surged announcement A 370 million FTM incentive plan for builders, protocols, and teams that connect assets to the Fantom blockchain and participate in the ecosystem.
Keep3rV1 rebounds after protocol upgrade
Keep3rV1 is a decentralized working committee designed to help projects that require external development operations to connect with individuals or organizations that can provide the required services.
VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, the bullish outlook for KP3R began to be discovered on August 25.
As shown in the figure above, KP3R’s VORTECS™ score began to rise on August 24, and reached a high of 75 on August 25, approximately 48 hours before its price began to rise by 93% in the next three days.
With the release of Keep3r expansion and integration, the momentum of the project is rising include Option liquidity mining (olm), fixed foreign exchange and v3 liquidity incentives.
The overall cryptocurrency market value is now 2.08 trillion U.S. dollars, and Bitcoin’s dominance rate is 43.5%.
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