Even if Bitcoin and Ethereum prices fall to key support levels, altcoins will still soar


In the past 48 hours, the price trend of the crypto market has not made people timid, it is obvious that the volatility after Bitcoin (Bitcoin) And ether (Ethereum) Break through a record high.

Although the first two cryptocurrencies are struggling to maintain key support levels, the altcoin market has seen a handful of tokens on November 5 and Cointelegraph Markets Pro The altseason indicator shows that the current market conditions are consistent with previous altseason price movements.

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

Data from Cointelegraph Markets Pro with Transaction view XYO Network (XYO), Crypto.com Coin (CRO) and Wrapped NXM (WNXM) showed the biggest gains in the past 24 hours.

XYO list on Crypto.com

XYO Network is a blockchain-based geospatial oracle network that uses decentralized equipment to anonymously collect, verify and record data on the XYO blockchain.

According to the data from Cointelegraph Markets ProFor some time, XYO’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 XYO price. source: Cointelegraph Markets Pro

As shown in the figure above, XYO’s VORTECS™ score began to rise on November 2 and reached a high of 77 approximately four hours before the price soared by 103% in the next two days.

When the price of XYO soared, the token was listed on the Crypto.com app, and a liquid mining pool was launched on Gate, and depositors could get a return on investment of 543.22%.

CRO benefits from the impact of Coinbase

CRO is the native token of the Crypto.com ecosystem. Users can pledge CRO together with other cryptocurrencies on its application to obtain rewards, and use the assets they hold to make daily purchases through the Crypto.com Pay mobile payment application.

Before the recent price increase, VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CRO on November 3.

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

As shown in the figure above, CRO’s VORTECS™ score began to rise on November 3, and reached a high of 76 in about two hours before the price rose by 64% in the next two days.

The strong momentum of CRO is when the token was released on Coinbase and Sign a multi-year contract Cooperate with Twitch Rivals, host of e-sports tournaments.

related: Cryptocurrency trading platform Crypto.com will launch UFC NFT

Nexus Mutual launches new Shield event

WNXM is a packaged version of the NXM governance token of the Nexus Mutual protocol. Nexus Mutual is a decentralized insurance protocol on the Ethereum network that allows users to provide protection for smart contracts by using its native NXM token.

Before the recent price increase, VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CRO on November 4.

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

As shown in the figure above, CRO’s VORTECS™ score began to rise on November 3, and reached a high of 74 on November 4, about an hour before the price soared 47% the next day.

The WNXM price increase came after the launch of a new shield mining activity for the Premia Finance (PREMIA) project and the platform’s progress in launching Nexus V2, which will allow the fund to pay part of the claim.

The overall cryptocurrency market value is now 2.702 trillion U.S. dollars, and Bitcoin’s dominance rate is 42.6%.

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