CRYPTO

Altcoins took the next step after the price of Bitcoin remained at 47.5K


The price of Bitcoin (BTC) rose 10% to over ,500 47,500 and liquidation of more than 27 270 million in the short position resulted in a return to the bullish attitude in the cryptocurrency ecosystem on 1 October.

The Altcoin market quickly registered double-digit gains for the day in the top 200, followed by a majority of tokens.

Top co currency with maximum 2-hour price change. Source: Cointelegraph Markets Pro

According to Cointelegraph Markets Pro and TradingView, Oasis Network (ROSE), Axie Infinity (AXS) and ICON (ICX) have gained the most in the last 2 hours.

The temptation of privacy draws traders to the Oasis network

The Oasis Network is a privacy-enabled blockchain designed to create open financing and a responsible data economy.

Data from VORTECS C Cointelegraph Markets Pro began to identify a bullish outlook for the ROSE on 30 September before the recent price increase.

The VORTECS ™ score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions obtained from a combination of data points, including market attitudes, trading volume, recent price movements, and Twitter activity.

VORTECS ™ Score (green) vs. Rose Price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS ™ score for Rose started on September 29 and rose to a high of 74 on September 30, about three hours before the price rose 60% in the next two days.

ROSE has increased the price of Ethereum (ETH) compatible networks that offer increased scalability with the Oasis network, leaving many competitors behind for its built-in privacy features.

Axis launches Infinity Stacking and sends airdrop to early recipients

Axis Infinity is a blockchain-based play-to-earn battling game that allows players to collect, breed, grow, fight and trade token-based animals known as Oxy and earn money in the process.

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

VORTECS ™ Score (green) vs. AXS value. Source: Cointelegraph Markets Pro

As can be seen in the chart above, the VORTECS ore score for AXS enters the green zone on September 26 and reaches a high of 87 about 35 hours before prices begin to rise 55% over the next three days.

The price increase for AXS comes after the implementation of stacking capabilities for AXS holders as well as a community airdrop that distributes 800,000 AXS tokens to early adopters of the game.

Related: NFT has launched the trading game Axie Infinity AXS staking program

Icon has assembled before its mainnet upgrade

Icon is a general-purpose blockchain protocol and integration chain designed to host decentralized applications and facilitate inter-ope interactions across individual networks.

According to data from Cointelegraph Markets Pro and TradingView, after hitting below 1. 1.38 on September 29, ICX’s price rose 45% to 9 1.93 on October 1, as its 24-hour trading volume rose 385% to 2 362 million.

ICX / USDT 4 hour chart. Source: Tradingview

The jump in ICX prices comes after the release of ICX, which is in line with the ERC-20 standard and can be used inter-ope with decentralized funds in Ethereum. The upgrade is part of the final preparation of the protocol before the ICON 2.0 Mainnet upgrade is implemented.

The overall cryptocurrency market cap is now $ 2.079 trillion and Bitcoin’s dominance rate is 43%.

The opinions and opinions expressed here do not necessarily reflect the views of the author and Cointelegraph.com. With every investment and trading move involving risk, you should conduct your own research when making decisions.