Altcoins move higher after Bitcoin price remains at $47,500

After the Bitcoin price surged by 10%, the bullish sentiment returned to the cryptocurrency ecosystem on October 1st (Bitcoin) Raise it to more than $47,500 and result in Cleared more than 270 million U.S. dollars Short position.

The altcoin market quickly followed suit, and most of the top 200 tokens recorded double-digit gains that day.

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

Data from Cointelegraph Markets Pro with Transaction view The biggest gains in the past 24 hours are Oasis Network (ROSE), Axie Infinity (AXS) and ICON (ICX).

The charm of privacy attracts traders to join Oasis Network

Oasis Network is a privacy-supporting blockchain designed for open finance and the creation of a responsible data economy.

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

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 ROSE price. source: Cointelegraph Markets Pro

As shown in the figure above, ROSE’s VORTECS™ score began to rise on September 29, and climbed to a high of 74 on September 30, approximately three hours before the price rose by 60% in the next two days.

The price of ROSE has soared because of Ethereum (Ethereum) Compatible networks provide better scalability. Oasis Network outperforms many competitors due to its built-in privacy features.

Axie Infinity launches staking and sends airdrops to early adopters

Axie Infinity is a blockchain-based game earning battle game that allows players to collect, breed, breed, fight, and trade token-based creatures, called Axies, and earn income in the process.

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 soared to the dark green area on September 26 and reached a high of 87 in approximately 35 hours before the price began to rise by 55% in the next three days.

The AXS price surge was after the implementation of the pledge function for AXS holders and the distribution of 800,000 AXS tokens to the early adopters of the game community airdrop.

related: NFT trading game Axie Infinity launches AXS pledge plan

ICON rebounds before the mainnet upgrade

ICON is a universal blockchain protocol and aggregation chain designed to host decentralized applications and promote interoperability between different networks.

Data from Cointelegraph Markets Pro with Transaction view It shows that after hitting a low of $1.38 on September 29, the price of ICX rose 45% to a daily high of $1.93 on October 1, and its 24-hour trading volume soared 385% to $362 million.

ICX/USDT 4-hour chart. Source: TradingView

The ICX price increase came after the release of the ERC-20-compliant packaged ICX, which can interoperate with decentralized finance on Ethereum. The upgrade is part of the final preparations for the agreement before the implementation of the ICON 2.0 mainnet upgrade.

The overall cryptocurrency market value is now $2.079 trillion, and Bitcoin’s dominance rate is 43%.

The views and opinions expressed here only represent the views of the author and do not necessarily reflect the views of Every investment and trading action involves risk, and you should conduct your own research when making a decision.