Livepeer, Loopring and Keep3rV1 bounced back, while Bitcoin tests potential support


Altseason rumors rose on November 9th as altcoins used Bitcoin to rise to all-time highs and subsequent consolidation (Bitcoin) Pull back to retest potential support levels.

As in the case of Bitcoin’s pullback during the bull market, some funds flowed out into the altcoin market. The chart below shows that this dynamic came into play on November 9.

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

Data from Cointelegraph Markets Pro with Transaction view Livepeer (LPT), Loopring (LRC) and Keep3rV1 (KP3R) showed the biggest gains in the past 24 hours.

Livepeer co-host COLLIDE

Livepeer is a decentralized video streaming platform built on Ethereum (Ethereum) Network, which aims to provide a viable blockchain-based alternative to centralized broadcast solutions.

VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, a bullish outlook for LPT began to be discovered on November 7.

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 LPT price. source: Cointelegraph Markets Pro

As shown in the figure above, LPT’s VORTECS™ score began to rise on November 7 and rose by 226% to a new record high of $99.83 in the next two days to climb to 75 about an hour before.

The price increase of LPT came after the agreement and the Glass streaming platform co-hosted the COLLIDE event, which was the first live concert ever to include a video non-fungible token (NFT) live minting.

Loopring’s presence in the second-tier competition

Loopring is the second layer (L2) scaling solution of the Ethereum network. It uses zk-Rollups to help reduce fees and increase the throughput of decentralized exchanges (DEX) and payment protocols.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for LRC on November 5th, before the recent price increase.

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

As shown in the figure above, LRC’s VORTECS™ score began to rise on November 4th and reached a high of 72 on November 5th, approximately five hours before the price rose by 142% in the next four days.

Loopring’s continued momentum is due to the fact that the second layer protocol continues to provide lower transaction fees compared to other L2 solutions (including Arbitrum and Optimism) because the fees on the Ethereum network are still high.

related: Kraken predicts the highest Bitcoin price at $96,000 because analysts say that the Bitcoin market value of $1T is “now consolidated”

Keep3rV1 has community votes

Keep3rV1 is a project that aims to help connect the project with external development resources by creating a decentralized, blockchain-based work board.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for KP3R on November 5, before the recent price increase.

VORTECS™ score (green) and KP3R price. source: Cointelegraph Markets Pro

As shown in the figure above, KP3R’s VORTECS™ score increased in the green area for several days and reached a high of 71 on November 5th. About 23 hours later, the price increased by 79% in the next three days.

As the price of KP3R soars, the agreement is undergoing governance voting, and token holders can vote for top mining pools on its fixed foreign exchange decentralized stable currency framework.

The overall market value of cryptocurrencies is now $2.902 trillion, and Bitcoin’s dominance rate is 43.3%.

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