CRYPTO

Anchor network, stacks and Kadena assembly when most alkaloids cool down


Even though the price of Bitcoin is on the verge of an all-time high, the cryptocurrency market shines a light of anxious optimism on October 18 as investors await the official launch of the first Bitcoin (BTC) Exchange-Traded Fund (ETF). Ready to start trading on October 19th.

While the market is waiting for the historic ETF launch, BTC bulls are struggling to hold on to the 622,000 support. Meanwhile, a handful of Altcoin posted a double-digit rally on Monday because traders are likely to capitalize on the profits they make when the price of Bitcoin combines.

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

According to data from Cointelegraph Markets Pro and TradingView, Ankur Network (ANKR), Stacks (STX) and Cadena (KDA) have gained the most in the last 2 hours.

The anchor network partners with the Sacramento Kings

Anchor Network’s blockchain solution is designed to use passive computing power from devices and data centers around the world to strengthen the crypto ecosystem.

VORTECS C Cointelegraph Markets Pro began to identify a bullish outlook for ANKR on October 17 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. ANKR value. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS ™ score for ANKR started on October 17 and rose to a high of 70 four hours before the next day with a 46% increase.

The price of ANKR has risen after the National Basketball Association’s (NBA) multi-year sponsorship agreement with the Sacramento Kings for the project.

The stack is moving towards launching smart deals on Bitcoin

Stack is a level-one blockchain solution that focuses on bringing smart compacts and decentralized applications to the Bitcoin network.

Data from VORTECS C Cointelegraph Markets Pro began to identify a bullish outlook for STX on October 11 before the recent price increase.

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

As seen in the chart above, the VORTECS ™ score for STX started on October 11 and reached a high of 88 about five hours before the price started to rise 55% next week.

The potential introduction of multiple BTC ETFs with the potential for smart contract capabilities in the Bitcoin network has increased the dominance of STX as it has stimulated a wider investment community.

Related: Grayscale Bitcoin confirms ETF plan and adds exposure to ZCash, Stellar lumens and Horizon to its trust

Kadena adds NFT capabilities

The price of Kadena has also taken a bullish turn in the last 2 hours.

According to data from Cointelegraph Markets Pro and TradingView, the price of KDA rose 30% to 2. 2.79 on October 18 after reaching below 2. 2.14 on October 16. Million

KDA / USDT 4-hour chart. Source: Tradingview

KDA’s momentum increase comes after a protocol partnership with an unchanging record that will bring a fully-fledged NFT marketplace for the Kadena ecosystem.

The overall cryptocurrency market cap is now 2.462 trillion and the dominance rate of Bitcoin is 47.2%.

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.