Governance proposals and second-tier releases provide impetus for altcoins


On September 14, as the price of Bitcoin (Bitcoin) Climbed higher all morning, now Aiming at the $47,000 level.

The momentum of construction has also had a positive impact on altcoins, with a few tokens achieving double-digit gains.

The top 6 currencies with the largest price changes in 24 hours. source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro with Transaction view Rari Governance Token (RGT), Curve (CRV) and Synthetix Network (SNX) showed the biggest gains in the past 24 hours.

RGT holders vote on the project’s first DAO proposal

Rari Governance Token is the native token of Rari Capital. Rari Capital is a non-custodial decentralized finance (DeFi) protocol that provides users with a way to independently trade encrypted assets and earn income.

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 began to rise on September 9 and climbed to a high of 85 on September 10, just one hour before its price began to rise by 57% in the next three days.

The initial surge in RGT’s momentum came after Coinbase’s listing, and the second wave of price increases seen on September 13 occurred after the agreement roll out Vote for its first on-chain DAO proposal.

Curve published on Arbitrum

The Curve DAO token is the native token of the Curve protocol. Curve is a decentralized stable currency exchange that focuses on using advanced binding curves to provide on-chain liquidity.

Before the recent price increase, VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CRV on September 9.

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

As shown in the figure above, CRV’s VORTECS™ score soared to the green zone on September 9 and hit a high of 75 in the hour before the price rose by 42% in the next four days.

The increase in CRV momentum seen on September 13 was due to announcement The Curve protocol has been launched on the Ethereum layer 2 scaling solution Arbitrum.

related: Due to “exhausted” short selling at a loss, Bitcoin bull market is expected

Synthetix improvement proposal provides impetus

Synthetix is ​​a DeFi protocol that provides liquidity for derivatives on Ethereum (Ethereum) A network that provides a wide range of encrypted and non-encrypted asset exposures.

According to data from Cointelegraph Markets Pro, the market conditions of SNX have been favorable for some time.

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

As shown in the figure above, SNX’s VORTECS™ score was in the green state for the past week and reached a high of 77 on September 11, approximately 41 hours before its price rose by 37% the next day.

After the price of SNX soared freed Part of Synthetix Improvement Proposal (SIP) 181, which addresses the simulated liquidity problem of the Synthetix exchange.

The overall cryptocurrency market value is now 2.11 trillion U.S. dollars, and Bitcoin’s dominance rate is 41.7%.

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