Small-cap altcoins rebound as Bitcoin traders seek to reclaim $ 60,000

Bitcoin (BTC) holders’ strength will continue to be tested on November 17 as a series of attempts to push the price to $ 59,000 or less grows. This level has been well defended by the bulls, but analysts are still looking for the $ 63,000 level to recover for support before saying the “slide” is over.

While much of the focus lately has been on Bitcoin and exchange-traded funds (ETFs) -related issues, the altcoin market has provided some relief and a handful of tokens rebounded to new all-time highs on Wednesday. © rcoles.

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

Data from Cointelegraph Markets Pro and TradingView shows that three of the biggest winners over the past 24 hours have been Oasis Network (ROSE), Yield Guild Games (YGG) and AirSwap (AST).

Oasis Network launches $ 160 million development fund

Small-cap altcoins rebound as Bitcoin traders seek to reclaim $ 60,000
Small-cap altcoins rebound as Bitcoin traders seek to reclaim $ 60,000

Oasis Network is a privacy-focused blockchain platform designed for open finance that creates a responsible data economy.

Cointelegraph Markets Pro’s VORTECS data began to spot a bullish outlook for ROSE on November 15, 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, recent price movements and Twitter activity.

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

As can be seen in the graph above, the VORTECS score for ROSE started rising on November 15th, peaking at 75 about 29 hours before the price rose 37% for the following day.

ROSE’s sudden boost comes when the project announced a $ 160 million Oasis Ecosystem Development Fund “dedicated to supporting and scaling projects built in Oasis”.

Yield Guild Games is expanding its ecosystem

Yield Guild Games is a play-to-earn (P2E) gaming guild and decentralized autonomous organization (DAO) that participates in and invests in various aspects of the non-fungible token and blockchain-based gaming industry.

Data from Cointelegraph Markets Pro and TradingView show that after hitting a low of $ 5.93 on November 16, YGG’s price rose 32.7% overnight and an intraday high of November 17 Hit $ 7.87 as 24-hour trading volume soared 110% to $ 140.5 million.

YGG / USDT 4 hour chart. Source: TradingView

YGG’s rapid price rise is due to the fact that the project secured new partnerships and cross-platform integrations, including a recent addition to Satoshi Legends “The 100” and in preparation for the next Thetans Arena launch.

Airswap introduces its new DEX. before

Airswap is a decentralized peer-to-peer (P2P) trading protocol on the Ethereum (ETH) network that works essentially the same as Uniswap, SushiSwap and other DeFi platforms, except that Airswap is gas-based.

Market conditions have been favorable for AST for some time, according to data from Cointelegraph Markets Pro.

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

As can be seen in the graphic above, the VORTECS score for AST was in the green for most of the last week, reaching around 46 hours with 80 days on November 14th. .

The strength for AST lies in the fact that AirSwap DAO has successfully launched its new decentralized open source P2P exchange (DEX) with gas-free exchanges.

The global capitalization of the cryptocurrency market is now $ 2.624 trillion and Bitcoin’s dominance index is 43.4%.

The views and opinions expressed are those of the author only and do not necessarily reflect the views of Every investment and trade carries a risk, you must do your own research when making a decision.

Similar Posts