NFT partnerships and protocol integrations increase the price for Tezos, WAX and Aleph.im

The madness of the crypto market continued its volatility on December 8th when the price of Bitcoin (BTC) briefly fell below the $ 49,000 mark. Despite this setback, there are still clear signs that massive cryptocurrency adoption is taking place, such as the announcement that Visa will introduce advisory and advisory services on crypto assets for businesses and banks.

Analysts expect Bitcoin to continue to seek firmer ground, and while all of that passes, ethers and a handful of small and mid-cap altcoins are seeing moderate gains.

The 7 coins with the highest price change in 24 hours. Source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and TradingView show that the tokens that rose the most in the past 24 hours were T. wasezos (XTZ), WAX (WAXP) and Aleph.im (ALEPH).

Ubisoft launches its NFTs on Tezos

NFT partnerships and protocol integrations increase the price for Tezos, WAX and Aleph.im
NFT partnerships and protocol integrations increase the price for Tezos, WAX and Aleph.im

Tezos is a layer-one blockchain protocol that contains a built-in mechanism that allows the network to evolve and update over time without the need for hard forks.

Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for XTZ on December 5th, ahead of the recent price surge.

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

VORTECS ™ Score (green) vs. XTZ price. Source: Cointelegraph Markets Pro

As can be seen in the graph above, XTZ’s VORTECS ™ Score began rising on December 4th and peaked at 87 on December 5th, about 21 hours before the price rose 60.5% over the next two days .

The price hike for XTZ came after Ubisoft, a leading video game developer, announced it was launching its first line of usable NFTs on the Tezos network, starting with Ghost Recon: Breakpoint.

WAX welcomes Amazon and Mattel to its ecosystem

WAX is a blockchain for NFT designed to give brands all the tools they need to start a collection of NFTs and make e-commerce transactions easier and more secure for everyone involved.

Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for WAXP on December 4th, ahead of the recent price rally.

VORTECS ™ Score (green) vs. WAX price. Source: Cointelegraph Markets Pro

As can be seen in the graph above, the VORTECS ™ Score for WAX went into the green on December 4th, peaking at 81 around 40 hours before rising 84.8% over the next two days.

The momentum for WAXP came when it was revealed that Amazon had stepped into the WAX ​​ecosystem after investing in Dibbs’ collectors market. At the same time, it was announced that three leading toy companies, Funko, Mattel and Hasbro, have partnered with WAX for “Sellout Collections”.

Aleph provides analytical support for serum

Aleph.im is a cross-chain protocol that focuses on creating a decentralized database that includes file storage, computers, and a decentralized identity framework (DID).

Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for ALEPH on December 5th, ahead of the recent price advance.

VORTECS ™ Score (green) vs. ALEPH price. Source: Cointelegraph Markets Pro

As can be seen in the graph above, ALEPH’s VORTECS ™ Score hit a maximum score of 80 on December 5th, about 31 hours before the price rose 38% over the next two days.

ALEPH’s price hike comes after protocol announced that it is now making its indexing solution available to the Solana-based decentralized exchange Serum, a move that should help increase the ability to perform DeFi analytics on the Solana network obtain.

The total market capitalization is currently $ 2.373 trillion and Bitcoin’s dominance index is 40.1%.

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 do your own research when making a decision.

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