Federal Reserve Chairman Jerome Powell confirms plans to raise interest rates in 2022 and slow down bond buying programs that have been in place since the advent of the corona virus in March 2020, after which cryptocurrency prices and investments Home sentiment reversed on December 15th.
After the announcement, Bitcoin (BTC) prices rose 1.65% to over $ 49,000 and Ether above $ 4,000. Altcoins followed with a normal double-digit rise, and for now it looks like bulls have regained control of the market.
According to data from Cointelegraph Markets Pro and TradingView, the largest rises in the last 24 hours were ECOMI (OMI), Aragon (ANT) and RAMP.
ECOMI will move to Immutable
ECOMI is a technology company focused on building a blockchain-based digital collectible marketplace, where users use the project’s native OMI tokens as a medium of exchange to non-fungible tokens (NFTs) across social network services. Can be purchased and shared.
Cointelegraph Markets Pro’s VORTECS ™ data began detecting OMI’s bullish outlook on December 1, ahead of recent price increases.
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 you can see in the graph above, OMI’s VORTECS ™ score rose to the green zone, reaching a high of 81 on December 1st, and then the price began to rise 39% over the next 10 days.
The momentum of building OMI comes as the ECOMI ecosystem moves to Immutable, an Ethereum (ETH) scaling solution specifically designed for NFT projects.
Aragon hosts the DAO Hackathon
Aragon Ethereum network-based protocol that supports Decentralized Autonomous Organizations (DAOs) that develop governance structures that facilitate community involvement.
VORTECS ™ data from Cointelegraph Markets Pro began detecting ANT’s bullish outlook on December 12, ahead of recent price increases.
As you can see in the graph above, ANT’s VORTECS ™ score started to rise on December 12th and reached a high of 70 in about 2 hours before prices started to rise by 60% in the next two days. did.
The rise in ANT prices is happening at the same time that the DAO Global Hackathon aims to attract developers to the Aragon ecosystem, and there are rumors that the DAOpunks NFT project is airdropping ANT holders.
Related: Bitcoin sheds “dumb money” as retailers have bought most BTC since the March 2020 crash
RAMP benefits from liquidity mining incentives
RAMP is a multi-chain decentralized finance (DeFi) protocol that helps investors increase capital efficiency.
According to data from Cointelegraph Markets Pro and TradingView, RAMP prices surged 52.56% as 24-hour trading volumes surged 800% to $ 54.2 million after hitting a low of $ 0.179 on December 14. It reached a high of $ 0.274 per day. ..
The RAMP price surge occurred after the start of a liquidity mining incentive program caused a sharp rise in the total value fixed to the protocol. Currently, $ 63.3 million has been invested across Ethereum, Polygon and Binance Smart Chains.
The overall market capitalization of cryptocurrencies is currently $ 2.126 trillion and Bitcoin’s dominance is 41.7%.
The views and opinions expressed here are those of the author and do not necessarily reflect the views of Cointelegraph.com. All investment and transaction movements carry risks. When making a decision, you need to do your own research.
