Ankr Network, Stacks and Kadena are collecting as most of the altcoins are cool

Even if the price of Bitcoin is on the verge of a new all-time high, The cryptocurrency market is projecting an aura of fearful optimism on October 18 as investors await the official launch of the first Bitcoin (BTC) Exchange Traded Fund (ETF), set to go live on October 19.

As the market waits for the historic ETF launch, the BTC bulls are struggling to hold the $ 62,000 level as support. Meanwhile, a handful of altcoins saw double-digit rallies on Monday as traders may seek to capitalize on the profits from a consolidation in Bitcoin price.

Top 7 currencies with the highest price change in 24 hours. Source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and TradingView shows that the biggest winners over the past 24 hours have been Ankr Network (ANKR), Stacks (STX) and Kadena (KDA).

Ankr Network works with the Sacramento Kings

Ankr Network, Stacks and Kadena are collecting as most of the altcoins are cool
Ankr Network, Stacks and Kadena are collecting as most of the altcoins are cool

Ankr Network’s blockchain solution is designed to harness the unused computing power of devices and data centers around the world to power the crypto ecosystem.

Cointelegraph Markets Pro’s VORTECS data began to see a bullish outlook for ANKR on October 17, ahead of the recent price hike.

The VORTECSâ ?? ¢ Score, exclusively for Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

Result VORTECSâ ?? ¢ (green) vs. ANKR price. Source: Cointelegraph Markets Pro

As can be seen in the graph above, the VORTECS score for ANKR began to rebound on October 17th and rose to a high of 70 about four hours before the price rose 46% the next day.

ANKR’s price increase comes after the project’s multi-year sponsorship deal with the Sacramento Kings of the National Basketball Association (NBA).

Stack is moving towards the introduction of smart contracts in Bitcoin

Stacks is a first-tier blockchain solution that focuses on bringing smart contracts and decentralized applications to the Bitcoin network.

Cointelegraph Markets Pro’s VORTECS data showed a bullish outlook for the STX on October 11 ahead of the recent price hike.

Result VORTECSâ ?? ¢ (green) vs. STX price. Source: Cointelegraph Markets Pro

As can be seen in the graph above, the VORTECS score for STX began to rebound on October 11th, hitting a high of 88 about five hours before the price began rising 55% for the next week.

The popularity of STX is due to the fact that the potential launch of several BTC ETFs has excited the broader investment community for the possibility of smart contract functions in the Bitcoin network.

Kadena adds NFT capabilities

Kadena price has also taken a bullish turn in the past 24 hours.

Data from Cointelegraph Markets Pro and TradingView show that after hitting a low of $ 2.14 on October 16, KDA’s price rose 30% to a daily high of $ 2.79 on October 18, while its 24-hour trading volume rose 313%. to $ 9.4 million.

KDA / USDT 4 hour chart. Source: TradingView

The increase in momentum for KDA follows the protocol’s partnership with Immutable Records, which will bring a fully built NFT marketplace to the Kadena ecosystem.

The total market cap of the cryptocurrency is now $ 2.462 trillion and the dominance rate of Bitcoin is 47.2%.

The views and opinions expressed are those of the author only and do not necessarily reflect the views of Cointelegraph.com. Every investment and trade move involves risk, you must conduct your own investigation when making a decision.

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