The broader cryptocurrency market came under pressure on October 4 as the momentum generated by Bitcoin (BTC) The weekend’s peak above $ 49,000 was overshadowed by more global concerns about the global financial system, rising inflation and supply chain challenges.
Despite these difficulties, many altcoins have managed to rally and at the time of writing, the crypto gaming and decentralized finance industries continue to gain popularity.
Data Cointelegraph Markets Pro and TradingView shows that the biggest winners in the last 24 hours have been Axie Infinity (AXS), PowerPool (CVP) and Polkastarter (POLS).
Axie Infinity releases new character details
Axie Infinity is a blockchain-based battle and collect game that has been one of the stars of 2021 and in addition to reserving a 5,000% stellar rally, the game has also helped introduce the general public to the powers of the game to win. games and the income opportunities they present.
Based on data from Cointelegraph Markets Pro, market conditions for AXS have been favorable for some time.
The VORTECS ™ score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trade volume, recent price movements and activity Twitter.
As shown in the graph above, the VORTECS ™ score for AXS started increasing on October 2 and climbed into the dark green area on October 3, just an hour before its price increased by 51% the following day. .
The October 4 price rally came as a live chat with the developers behind the project leaked new details about upcoming updates, including the addition of Axie scores for each character that add new ones. abilities and effects for gameplay.
Related: Is Axie Infinity overheating? AXS price hits record high after 100% QTD rally
Power Pool Lists on Binance
PowerPool is a decentralized financial protocol specializing in helping users build governance power in Ethereum-based protocols through the creation of token pools and community voting.
Cointelegraph Markets Pro’s VORTECS ™ data began to detect a bullish outlook for CVP on September 29, ahead of the recent price hike.
As shown in the graph above, the VORTECS ™ score for CVP crossed into the green zone on September 29 and peaked at 74 about two days before its price began to increase 60% over the three days. following.
The rise in the price of CVP comes as the project was listed on the Binance cryptocurrency exchange and added to the Binance Smart Chain.
Launch of Polkastarter v2
Polkastarter is a Polkadot ecosystem protocol designed to provide an easy-to-use launch pad for early stage blockchain projects to initiate token pools and auctions as a way to raise capital and distribute their tokens.
Cointelegraph Markets Pro’s VORTECS ™ data began to detect a bullish outlook for POLS on October 2, ahead of the recent price hike.
As shown in the graph above, the VORTECS ™ score for POLS started increasing on October 2 and peaked at 74 about 29 hours before its price increased 23% the following day.
The POLS price spike comes as the project released Polkastarter v2 to the community, which includes dashboard updates and the ability to stake POLS on Ethereum or the Binance Smart Chain.
The overall cryptocurrency market cap now stands at $ 2.141 trillion and Bitcoin’s dominance rate is 42.8%.
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