CRYPTO

Privacy-centric Altcoin rises after Bitcoin’s ETF spreads across the news market


Traders and the market are expressing extreme optimism after the stockpile of rumors and documents.

Following the positive news, the price of Bitcoin (BTC) has risen to around 63 63,000 for the first time since April and multiple Altcoins have seen their price triple gains.

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

NuCypher (NU), Keep Network (KEEP) and Orchid (OXT) have gained the most in the last 2 hours, according to data from Cointelegraph Markets Pro and TradingView.

Partner with NuCypher Keep Network

NuCyper is a protocol that provides end-to-end encrypted data sharing and decentralized storage solutions focused on creating decentralized encryption, access control and key management system services for public blockchain.

Data from Cointelegraph Markets Pro and Trading View shows that after hitting below $ 0.283 in the opening trading hours on October 15, the new price has risen 535%. 15 2.152 billion.

NU / USD 4-hour chart. Source: Tradingview

The price and trading volume for NU has increased as the project has helped launch TBTC V2 on the KIP network, which is designed to extend the sensor-resistant features of Bitcoin to every network that can interact with Ethereum (ETH).

Censorship-resistance comes in Ethereum networks

KIP Network is a protocol designed to provide privacy-based infrastructure in public blockchain by creating an enabled network for storing and encrypting personal data.

Data from VORTECS C Cointelegraph Markets Pro began to identify a bullish outlook for KEEP 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. KEEP value. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS ™ score for KEEP started on October 12 and rose to a high of 75 and the price rose 585% the next day.

KEEP’s momentum has increased with the price increase of NU since the two projects collaborated to release tBTC v2 on the KIP network.

Related: Break: Nasdaq list indicates SEC may approve ETF application from Valkyrie soon

Blockchain-based VPN services raise the price of orchids

Orchid is a cryptocurrency-driven virtual private network (VPN) that describes itself as “the world’s first motivated, peer-to-peer privacy network.”

Data from VORTECS C Cointelegraph Markets Pro began to identify a bullish outlook for OXT on October 12 before the recent price increase.

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

As can be seen in the chart above, the VORTECS ore score for OXT rose to the green zone on 12 October and reached a high of 75 on 14 October, 15 hours before its price rose 82% the next day.

A scroll through the project’s Twitter feed points to an increased focus on privacy concerns behind Friday’s price hike, which, in line with the core goals of both Nuclear and KP, suggests that the privacy-related project sector could begin to attract more attention.

The overall cryptocurrency market cap is now 2.482 trillion and the dominance rate of Bitcoin is 46.6%.

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.