As the price of Bitcoin reaches $44,000, Rari, Telos, and Polymath rebound

On September 30, crypto traders breathed a sigh of relief after media headlines reflected positive news about crypto industry adoption and future regulation.Earlier in the day, Visa announced that it has developed a layer 2 based Blockchain Interoperability Center This will support cryptocurrency payments. Federal Reserve Chairman Jerome Powell stated that regulators have no intention of banning cryptocurrencies.

The rise in sentiment coincided with a positive day for Bitcoin prices. Bitcoin rose by 5.74% and was trading at close to $44,000 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 Rari Governance Token (RGT), Polymath (POLY) and Telos (TLOS) showed the biggest gains in the past 24 hours.

Rari Capital TVL exceeds US$500 million

Rari Governance Token is the native token of Rari Capital, allowing users to guide the future of the project’s DeFi protocol.

According to data from Cointelegraph Markets Pro, RGT’s market conditions have been favorable for some time.

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 RGT price. source: Cointelegraph Markets Pro

As shown in the figure above, RGT’s VORTECS™ Score climbed to the green zone for the first time on September 25, and finally reached a high of 82 on September 28, approximately when its price began to rise by 29% in the next 33 hours.

As the price of RGT rises, the community celebrates that the total value locked in the Rari Capital agreement exceeds US$500 million, as it is now striving to break the US$1 billion mark.

Telos is popular because holders expect airdrops

Telos is a blockchain network based on the EOSIO network, focusing on creating smart contracts for non-fungible tokens (NFT), DeFi, games, and social media.

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

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

As shown in the figure above, for most of the past week, the VORTECS™ score of TLOS has been rising in the green zone, and reached a high of 73 on September 28, which is about the same time that the price started to rise by 42%. Within two days of coming down.

As the price of TLOS soars, the community has been active and excited about the continued airdrops of the Fortis and Destiny World projects, which aims to demonstrate the capabilities of the Ethereum Virtual Machine (EVM) and the ability of the Telos network to provide a unified natural gas price.

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Polymath added a new security token

Polymath is a decentralized protocol running on Ethereum (Ethereum) Network and focus on the development of technologies that allow the creation, issuance and management of digital securities on the blockchain.

From Cointelegraph Markets Pro and Transaction view It shows that after hitting a low of US$0.51 on September 29, the price of POLY rose 51.58% to a daily high of US$0.772 on September 30, and its 24-hour trading volume soared from an average of US$21 million to US$544 million.

POLY/USDT 4-hour chart. Source: TradingView

The price and transaction volume of POLY have soared because the developers behind the agreement continue to update and expand network functions, while new projects such as RedSwan and its commercial real estate market are launched on the Polymath network.

The overall cryptocurrency market value is now $1.91 trillion, and Bitcoin’s dominance rate is 42.7%.

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