Traders hope that a new altcoin season will appear because Bitcoin has been converted to 45,000 USD to support

This week, the total market value of cryptocurrencies rebounded to US$1.9 trillion, with a weekly increase of 20%, the highest level since May 20.

Although the new bullish momentum has caught the attention of investors, Bitcoin (Bitcoin) Rose from US$33,400 to US$45,900, which is almost in line with the rest of the market.

Whether Bitcoin will eventually break through the $46,000 resistance level is still an open question. However, the longer the time, the more likely it is that altcoins will outperform the leading cryptocurrencies.

The total encrypted market value. Millions of dollars (right) and Bitcoin dominance (left). Source: TradingView

Not all altcoins perform similarly, and only 14 of the top 100 on CoinMarketCap outperform Bitcoin by 3% or more.

Among the 100 largest companies, the best performing company every week. Source: CoinMarketCap

ICP, RVN, VGX and EGLD follow Bitcoin’s rise by 40%

Internet Computer (ICP) announced on July 30 that within two weeks of its launch, the Fleek application reached 700 site deployments. Fleek allows one put up Websites and front-ends with distributed applications on the Internet computer blockchain with frictionless hosting.

According to the Dfinity Foundation blog, Fleek has created an alternative blockchain open source gateway, so you can freely access Internet computer smart contract data using a regular browser.

According to data, Ravencoin (RVN) has also become the most profitable token for mining with graphics cards, and the network has surpassed Ethereum (Ethereum).

Voyager’s breakthrough was captured by the VORTECS™ indicator

Voyager Digital, the company behind Voyager Token (VGX), Acquisition of crypto trading and payment startup Coinify 85 million U.S. dollars. On August 1, Voyager returned roll out This VGX network exchange 2.0 and pledge portal.

VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, a bullish outlook for VGX began to be discovered on July 31.

Cointelegraph’s unique VORTECS™ score is an algorithmic comparison of historical and current market conditions. These data points come from a combination of data points, including market sentiment, trading volume, recent price changes and Twitter activity.

VORTECS™ score (left) and VGX price (right). source: Cointelegraph Markets Pro

As shown above, VGX’s VORTECS™ score climbed to a high of 90 on August 3, which was a 30-hour increase from the 23% price to $3.50.

Finally, Elrond (EGLD) announced that it has received US$20 million in funding from Moonlorian Blockchain Business Laboratory. According to Elrond’s blog, the blockchain company has incubated several projects in areas such as tokenization, NFT, traceability, and loyalty platforms.

On the other hand, only six projects have performed poorly in the past 7 days.

Among the 100 largest companies, the worst performing company every week. Source: CoinMarketCap

Flexa (AMP) rose 90% from July 22nd to 29th as Binance US Announce List of tokens. However, the altcoin quickly retreated 26% from its high of $0.083 on July 29.

Theta Fuel (TFUEL) faces a similar trend as it rose 63% between July 20 and 25. emission Agreement 3.1.0 and reached the top of $0.368. The hard fork created a more efficient block proposal protocol, optimized the blockchain database and added support for the Ethereum RPC API.

Altcoin holders certainly have reasons to celebrate, but investors should be aware that the final Bitcoin price adjustment may cause traders to quickly profit from the most volatile altcoin.

The views and opinions expressed here only represent author It does not necessarily reflect the views of Cointelegraph. Every investment and transaction involves risks. When making a decision, you should conduct your own research.