Quant, Arweave and Avalanche soar, while Bitcoin seeks support


On August 18, as the Bitcoin price (Bitcoin) Efforts to find the momentum below 46,000 USD, the large-cap altcoins fell slightly.

As cross-chain integration and protocol upgrades have inspired their respective communities and provided traders with a lower-cost alternative to the Ethereum network, some projects did manage to buck the trend and achieved double-digit gains.

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

Data from Cointelegraph Markets Pro and Transaction view The stocks showing the biggest gains in the past 24 hours are Quant (QNT), Arweave (AR) and Avalanche (AVAX).

AR continues to be popular

Arweave’s AR token is one of the best performing tokens in the past week, with activity on the decentralized storage network continue Set a new daily trading high.

VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, a bullish outlook for AR began to be discovered on August 14.

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 AR price. source: Cointelegraph Markets Pro

As shown in the figure above, Arweave’s VORTECS™ score rose to the green zone earlier this week and reached a high of 71 on August 14. About 19 hours ago, the price of AR rose by 106% in the next four days.

QNT up 33%

The enterprise-centric Quant protocol specifically promotes interoperability between different blockchain networks. According to Cointelegraph Markets Pro.

Data from Transaction view It shows that after hitting a low of US$149.61 on August 17, the price of QNT rose 33% to an intraday high of US$200.18 on August 18, and its 24-hour trading volume soared 436% to US$179 million.

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

Since the establishment of the Quant Developer program, the momentum of the project has been on an upward trend Designed Help attract new developers to join the project’s ecosystem.

related: The Ministry of Ukraine considers the salary of the staff of the digital currency pilot

Avalanche integrates with Aave and Curve

Avalance is a first-layer blockchain protocol that claims to be “the fastest smart contract platform in the blockchain industry, measured by completion time”. The project also boasted of having “the most verifiers to ensure its activities in any proof-of-stake agreement.”

Data from Transaction view It shows that after falling to a low of $21.44 early on August 18, the price of AVAX soared 33% to an intraday high of $28.47, and its 24-hour trading volume soared 50% to $1 billion.

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

On August 18, an avalanche was announced Cooperation In cooperation with Aave and Curve, a $180 million liquidity mining incentive program was created, called “Avalanche Rush”.

According to the announcement, the goal of the plan is to “start with two popular protocols, Aave and Curve, to bring blue-chip DeFi applications to Avalanche.”

The overall market value of cryptocurrencies is currently $1.961 trillion, and Bitcoin’s dominance rate is 43.9%.

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