Axie Infinity hits a new all-time high at $ 155 while Bitcoin bulls are targeting $ 50,000

The broader cryptocurrency market came under pressure on October 4 as the momentum that sparked Bitcoin (BTC) above $ 49,000 over the weekend was overshadowed by more global concerns related to the financial system, rising inflation, and supply chain challenges.

Despite these struggles, many altcoins managed to recover and, as of this writing, the crypto gaming and decentralized finance sectors are becoming increasingly popular.

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 Axie Infinity (AXS), PowerPool (CVP) and Polkastarter (POLS).

Axie Infinity releases new character details

Axie Infinity hits a new all-time high at $ 155 while Bitcoin bulls are targeting $ 50,000
Axie Infinity hits a new all-time high at $ 155 while Bitcoin bulls are targeting $ 50,000

Axie Infinity is a blockchain-based fighting and collecting game that was one of the rising stars of 2021 that not only garnered a 5,000 percent rally, but also helped bring play-to-earn games to the general public and the associated income opportunities.

According to data from Cointelegraph Markets Pro, market conditions have been favorable for AXS for some time.

The VORTECS ™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity.

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

As can be seen in the graph above, the VORTECS score for AXS began to rebound on October 2nd and climbed into the dark green zone on October 3rd, just an hour before its price rose 51% the next day.

The October 4th price hike came when a live chat with the developers behind the project leaked some new details on upcoming updates, including adding Axie scores for each character, adding new skills and effects to the game.

Power Pool is listed on Binance

PowerPool is a decentralized financial protocol that specializes in helping users build governance power over Ethereum-based protocols through the creation of token pools and community voting.

Cointelegraph Markets Pro’s VORTECS data showed a bullish outlook for CVP on September 29 ahead of the recent price hike.

Score VORTECSâ ?? ¢ (green) compared to the CVP price. Source: Cointelegraph Markets Pro

As can be seen in the graph above, the VORTECS score for CVP climbed into the green on September 29, hitting a high of 74, about two days before its price began to rise 60% for the next three days.

CVP’s ​​price increase comes from the fact that the project was listed on the Binance cryptocurrency exchange and added to the Binance Smart Chain.

Introduction of Polkastarter v2

Polkastarter is a protocol in the Polkadot ecosystem designed to provide a user-friendly launch pad for early-stage blockchain projects to start token pools and auctions to raise funds and distribute their tokens.

Cointelegraph Markets Pro’s VORTECS data indicated a bullish outlook for POLS on October 2nd ahead of the recent price hike.

Score VORTECSâ ?? ¢ (green) compared to the POLS price. Source: Cointelegraph Markets Pro

As can be seen in the graph above, the VORTECS score for POLS began to rebound on October 2nd and peaked at 74 around 29 hours before its price rose 23% the following day.

The price hike from POLS comes as the project released Polkastarter v2 for the community that includes updates to the dashboard and the ability to stack POLS on Ethereum or Binance Smart Chain.

The total market cap of the cryptocurrency is now $ 2.141 trillion and the dominance rate of Bitcoin is 42.8%.

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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