As the total market capitalization of cryptocurrencies exceeds $2.63 trillion, altcoins are going downhill

After Bitcoin, the crypto market is in a state of absolute excitement (Bitcoin) Bid and hit All-time high of $67,000.

Bitcoin’s soaring to $67,000 also helped to inspire double-digit gains for multiple altcoins, as the old adage of ebb and flow seems perfectly valid.

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

Data from Cointelegraph Markets Pro with Transaction view Show that the biggest gains in the past 24 hours are OriginTrail (TRAC), Kadena (KDA) and Cartesi (CTSI).

OriginTrail shot

OriginTrail is a protocol that runs on Ethereum (Ethereum) Network, specifically using blockchain technology to improve logistics and supply chain management.

According to the data from Cointelegraph Markets ProFor some time, TRAC’s market conditions have been favorable.

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 TRAC price. source: Cointelegraph Markets Pro

As shown in the figure above, TRAC’s VORTECS™ score began to rise on October 19, and reached 72 points about an hour before the price rose by 48% the next day.

As the price of TRAC is soaring, the project is reshaping its image as “the world’s first decentralized knowledge graph” and has been working with Dr. Bob Metcalfe as part of its advisory board.

Kadena undergoes a transformation

Kadena is an enterprise-centric blockchain project. As the overall market momentum increases, prices have seen a healthy breakthrough in the past 24 hours.

Data from Cointelegraph Markets Pro with Transaction view It shows that after hitting a low of $2.60 on October 19, the price of KDA surged 33.65% to an intraday high of $3.47 on October 20 after its 24-hour trading volume surged.

KDA/USDT 4-hour chart. Source: TradingView

The price increase of KDA comes after the project website revision and the collaboration with Immutable Records to bring a fully functional non-fungible token market to the Kadena network.

Cartesi bridge to avalanche

Cartesi is a blockchain protocol that focuses on combining traditional tools used by the developer community with decentralized tools, which will help develop smart contracts and make them widely available to everyone.

Data from Cointelegraph Markets Pro with Transaction view Shows that the price of CTSI has risen 51% from a low of $0.70 on October 19 to an intraday high of $1.07, and its 24-hour trading volume has soared by 587% to $288 million.

CTSI/USDT 4-hour chart. Source: TradingView

As CTSI prices soared, the project announced the launch of a bridge to the Avalanche network and is preparing to launch its main network, which will include entrusted pledges.

The overall cryptocurrency market value is now $2.637 trillion, and Bitcoin’s dominance rate is 47.5%.

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