Today, Bitcoin (BTC) and Ethereum (ETH) prices return to low support levels after an exciting week when BTC soared to record highs after two successful exchange-traded fund launches. I did.
Much of the focus is on BTC and Ether, but multiple altcoins are making significant profits as some traders appear to be preparing for the possibility of running the alt season.
According to data from Cointelegraph Markets Pro and TradingView, THORChain (RUNE), Moonriver (MOVR) and OKB (OKB) have seen the largest price increases in the last 24 hours.
THORChain resumes trading on the Ethereum network
THORChain is a decentralized liquidity protocol that provides cross-chain access to various blockchain networks, allowing users to maintain full control of their assets while trading across the networks.
According to data from Cointelegraph Markets Pro, RUNE’s market conditions have been good for some time.
Cointelegraph’s exclusive VORTECS ™ score is an algorithmic comparison of past and current market conditions derived from a combination of data points such as market sentiment, trading volume, recent price fluctuations, and Twitter activity.
As can be seen in the graph above, RUNE’s VORTECS ™ score has risen in the green zone for most of the past week, reaching a high of 74 on October 18th, and then the price will rise to 60 the following week. Two days before about 19 hours before the% rise.
RUNE’s new momentum follows the resumption of trading on the Ethereum network, which had been suspended since the protocol was hacked for $ 8 million in July 2021.
Moonriver expands its ecosystem
Moonriver is one of the newly released Kusama parachain protocols, an Ethereum-compatible smart contract platform that provides a permanently incentive canary network.
According to data from Cointelegraph Markets Pro and TradingView, MOVR’s price surged 75% to a daytime high as the 24-hour trading volume exceeded $ 59 million after hitting a low of $ 234 on October 19. It is now $ 410.
The price increase seen in MOVR is seen as the project establishes new partnerships across the crypto ecosystem, including collaboration with the Graph protocol and integration with SushiSwap.
Related: Valkyrie Bitcoin Futures-Linked ETF Launches on Nasdaq, Shares Drop 3% in First Hour
OKEx launches meme coin campaign
OKB is a native token of the Malta-based cryptocurrency exchange OKEx and serves as a utility token for the OKEx ecosystem.
Cointelegraph Markets Pro’s VORTECS ™ data began detecting OKB’s bullish outlook on October 21, ahead of recent price increases.
As can be seen in the chart above, OKB’s VORTECS ™ score began to rise to the green on October 21, reaching a high of 76 about 9 hours before the price rose 25% the next day.
According to Cointelegraph Markets Pro’s NewsQuakes ™ service, the rally at OKB took place after the exchange enabled USD Coin (USDC) one-click staking. Users can compete to list their favorite meme coins on the exchange.
The overall market capitalization of cryptocurrencies is currently $ 2.51 trillion and Bitcoin’s dominance is 45.5%.
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