On October 4th, due to Bitcoin (Bitcoin) The surge above $49,000 over the weekend was overshadowed by more global concerns related to the global financial system, rising inflation and supply chain challenges.
Despite these struggles, many altcoins have successfully rebounded. At the time of this writing, crypto games and decentralized finance continue to be popular.
Data from Cointelegraph Markets Pro with Transaction view The biggest gains in the past 24 hours are Axie Infinity (AXS), PowerPool (CVP) and Polkastarter (POLS).
Table of Contents
Axie Infinity announces new character details
Axie Infinity is a blockchain-based battle and collection game. It is one of the breakthrough stars in 2021. In addition to booking 5,000% of the outstanding gatherings, the game also helps introduce the power earned by the game to the wider public Games and the revenue opportunities they bring.
According to the data from Cointelegraph Markets ProFor some time, the market conditions of AXS have been very 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.
As shown in the figure above, AXS’s VORTECS™ score began to rise on October 2nd, and climbed to the dark green area on October 3rd, just one hour before its price rose by 51% the next day.
The price increase on October 4th was because a live chat with the developers behind the project leaked some new details about the upcoming update, including adding Axie scores for each character and adding new abilities and effects to the game.
related: Is Axie Infinity overheating? AXS price hits a record high after QTD rises by 100%
Power Pool list on Binance
PowerPool is a decentralized financial protocol that specifically helps users accumulate governance rights in Ethereum-based protocols by creating a token pool and community voting.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CVP on September 29, before the recent price increase.
As shown in the graph above, CVP’s VORTECS™ score climbed to the green zone on September 29 and reached a high of 74 in about two days before its price began to rise by 60% in the next three days.
The price of CVP increased because the project was listed on the cryptocurrency exchange Binance and added to the Binance Smart Chain.
Polkastarter v2 released
Polkastarter is a protocol in the Polkadot ecosystem that aims to provide an easy-to-use launchpad for early blockchain projects to initiate token pools and auctions as a way to raise funds and distribute tokens.
Before the recent price increase, VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for POLS on October 2.
As shown in the figure above, POLS’s VORTECS™ score began to rise on October 2 and reached a high of 74 in about 29 hours, and then its price rose by 23% the next day.
As the price of POLS soared, the project released Polkastarter v2 to the community, which included updates to the dashboard and the ability to stake POLS on Ethereum or Binance Smart Chain.
The overall cryptocurrency market value is now 2.141 trillion U.S. dollars, and Bitcoin’s dominance rate is 42.8%.
The views and opinions expressed here only represent the views of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading action involves risk, and you should conduct your own research when making a decision.
