Near Protocol, Algorand, and PowerPool rebounded when Bitcoin integration


The broader cryptocurrency market seems to be in the early stages of recovery. Many altcoins regained their foothold after a correction of 20% to 30% on September 7. Bitcoin (BTC) fell below $43,000.

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

Data from Cointelegraph Markets Pro with Transaction view Shows that the biggest gains in the past 24 hours are NEAR Protocol (NEAR), Algorand (ALGO) and PowerPool (CVP).

NEAR agreement revenue 64%

The most profitable NEAR protocol is a decentralized proof-of-stake protocol that focuses on providing faster transaction speeds at a lower cost to help promote the adoption of blockchain technology.

Data from Cointelegraph Markets Pro with Transaction view It shows that after falling to a low of US$5.44 on September 7, the price of NEAR surged 100% to a record high of US$10.79 on September 8, and its 24-hour trading volume soared 260% to a record US$2.27 billion.

NEAR/USDT 4-hour chart. source: Transaction view

As the momentum of the project soared emission Its METABuild hackathon event provides participants with prizes of more than $1 million.

Algorand takes steps to achieve decentralized governance

Algorand is a permissionless pure proof-of-stake blockchain protocol, focusing on transaction speed, efficiency and the goal of becoming the basic layer of the financial industry.

VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, the outlook for ALGO began to be found to be bullish on September 3.

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 ALGO price. source: Cointelegraph Markets Pro

As shown in the figure above, ALGO’s VORTECS™ score climbed to the green zone on September 3, and reached a high of 73 in about 42 hours, after which its price increased by 62% in the next three days.

As the agreement is ready emission With the decentralized governance function on October 1, the team is also building its decentralized finance (DeFi) and non-fungible token (NFT) products.

related: Bitso assists in launching Chivo, the official Bitcoin wallet of El Salvador

PowerPool launches BSC index token

PowerPool is a project that helps users accumulate governance rights in Ethereum-based protocols by creating a token pool and community voting.

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

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

As shown in the figure above, CVP’s ​​VORTECS™ score began to rise on September 4, and climbed to a high of 76 on September 5, approximately 61 hours before the 98% price increase the next day.

After the surge in interest in PowerPool emission And promote the BSCDeFi index pool, which contains the top DeFi tokens on the Binance Smart Chain, including PancakeSwap (CAKE), Venus (XVS), Mdex (MDX) and Ellipsis (EPS).

The overall cryptocurrency market value is now $2.068 trillion, and Bitcoin’s dominance rate is 41.9%.

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