CRYPTO

Traders are flocking to Altcoin after Bitcoin bulls grabbed $ 50K


Bitcoin is back above 50,000 50,000 and bulls are currently trying to keep daily close above the controversial level.

The power seen in BTC has also helped kickstart speeds in altcoins and several tokens are seeing gains of more than 20% at the time of writing.

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

According to data from Cointelegraph Markets Pro and TradingView, LINA, Secret (SCRT) and Presearch (PRE) have gained the most in the last 2 hours.

LINA comes close to launching the full rule feature

Linear is a decentralized Delta-One resource protocol that is cross-chain compatible between the Ethereum (ETH) network and the Benson Smart Chain (BSC). The network supports the creation, trading and management of liquid synthetic resources.

According to Cointelegraph Markets Pro, LINA’s market conditions have been favorable for some time.

The VORTECS ™ score is an algorithmic comparison of Cointelegraph’s exclusive, sent historical and current market conditions derived from a combination of data points, including market sentiment, trading volume, recent price movements and Twitter activity.

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

As seen in the chart above, the VORTECS ore score for LINA rose to dark green on September 29 and reached a high of 93 about 26 hours before prices began to rise 73% over the next four days.

The project gained momentum after the release of additional details about the upcoming launch of Linear DAO, which will include a new governance model supporting community voting.

The SCRT assembled before its supernova upgrade

SCRT is a blockchain protocol with built-in data privacy for secret network native currencies, smart contracts, and decentralized applications that are unauthorized and privacy-protective.

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

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

As can be seen in the chart above, the VORTECS ™ score for SCRT turned green on September 29 and reached a high of 30 75 on September 30, about 12 hours before prices began to rise 135% over the next five days.

The price increase for SCRT comes when the protocol is ready to update its supernova protocol which will enable integration with the Cosmos Inter-Blockchain Communication (IBC) protocol.

Related: Evolve or Die: Smart Deals Change the Power Balance of the Crypto Sector

PRE partner with CoinMarketCap

Presearch is a blockchain-based decentralized search protocol that is community-driven, allowing users to search privately and rewarding users for their activity.

Data from VORTECS C Cointelegraph Markets Pro began to identify a bullish outlook for the PRE on October 2 before the recent price increase.

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

As can be seen in the chart above, the VORTECS ore score for PRE on October 2 rose in the dark green zone and reached a high of 88 about 3 hours before the price started to increase by 50% in the next three days.

The rally, seen at the price of PRE, announces a partnership with CoinMarketCap that will integrate its data feeds directly into search engines.

The overall cryptocurrency market cap is now 2.17 trillion and the dominance rate of Bitcoin is 43.1%.

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.