CRYPTO

Altcoins took the next step as the total crypto market cap topped 2.63 trillion


Crypto markets are booming after Bitcoin (BTC) grabbed a bid and reached a new all-time high of $ 67,000.

Bitcoin’s 67,000 has also helped spark a double profit for multiple altcoins because the old adage of a rising tide of all boat lifting seems to be quite effective.

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

According to data from Cointelegraph Markets Pro and TradingView, OriginTrail (TRAC), Kadena (KDA) and Cartesi (CTSI) have gained the most in the last 2 hours.

OriginTrail is a move

OriginTrail is a protocol that works on Ethereum (ETH) networks and specializes in the use of blockchain technology to improve logistics and supply chain management.

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

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. TRAC price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS ™ score for TRAC started on October 19 and reached a score of 72 an hour before the 48% price increase the next day.

The value of TRAC has increased as the project is in the process of re-branding its image as “the world’s first decentralized knowledge graph” and as part of its advisory board. Bob is collaborating with Metcalfe.

Kadena goes through a reform

Kadena, an enterprise-centric blockchain project, has seen a healthy price breakout as it has gained momentum across the market over the past 24-hours.

Data from Cointelegraph Markets Pro and TradingView show that after hitting a low of $ 2.60 on October 19, the price of KDA must have reversed and increased by 33.65% to reach an intra-day high of $ 3.47 on October 20.

KDA / USDT 4-hour chart. Source: Tradingview

KDA’s price increase comes after a rebuilding of the project’s website and partnership with Immutable Records, which aims to bring a fully functional non-functioning token marketplace to the Kadena network.

Snowfall from Courtesy Bridge

Courtesy is a blockchain protocol that focuses on integrating traditional thematic tools used by the developer community with decentralized tools that will help develop smart contracts and make them widely accessible to all.

Data from Cointelegraph Markets Pro and TradingView show that the CTSI rose 51% to 19 1.07 from its October 19 low of 19 0.70 as its 24-hour trading volume rose 587% to $ 288 million.

CTSI / USDT 4-hour chart. Source: Tradingview

CTSI’s price rises when the project announces the launch of a bridge over the Avalanche network and it is preparing for its mainnet launch that will include delegated stacking.

The overall cryptocurrency market cap now stands at $ 2.637 trillion and Bitcoin’s dominance rate is 47.5%.

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.