REN, CELR and CVC ignore the market’s bearish reaction to China’s new crypto ban by posting double-digit gains.
The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the price of Bitcoin (BTC) von $45,000 zu $42,000.
After the initial knee-jerk reaction and a brief period of time for the market to digest the news, traders jumped back in to buy the dips on several altcoins, which helped some of the losses seen earlier in the day.
Data from Cointelegraph Markets Pro and TradingView shows that three of the biggest gainers over the past 24-hours were Ren (REN), Celer Network (CELR) and Civic (CVC).
Ren brings DAI and BTC to Arbitrum
Ren is a blockchain protocol that focuses on facilitating interoperability and liquidity transfer between different blockchain networks through a series of darknodes that help to protect user privacy.
Nach Angaben von Cointelegraph Markets Pro, market conditions for REN have been favorable for some time.
Die VORTECS™ Ergebnis, exklusiv bei Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, Handelsvolumen, jüngste Preisbewegungen und Twitter-Aktivitäten.
Wie in der obigen Tabelle zu sehen, die VORTECS™ Score for REN was in the green zone for the majority of the past week and hit a high of 81 am September. 21, around two hours before the price increased 58% in den nächsten drei Tagen.
The positive momentum for REN has come as the protocol has launched wrapped forms of Bitcoin and DAI on the Ethereum (ETH) layer-two solution Arbitrum.
Celer Network releases cBridge 2.0
The Celer Network is another Ethereum layer-two scaling solution that has been gaining momentum in recent weeks thanks to its ability to lower transaction costs through the use of off-chain transaction handling, which helps to increase the scalability and the transaction throughput of its network.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CELR on Sept. 20, vor dem jüngsten Preisanstieg.
Wie in der obigen Tabelle zu sehen, die VORTECS™ Score for CELR climbed into the green on Sept. 18 und erreichte ein Hoch von 74 am September. 20, um 26 hours before its price began to increase by 99% in den nächsten drei Tagen.
The increase in price and demand for CELR has come following the launch of its cBridge 2.0 cross-chain token bridge that facilitates the transfer of assets between multiple blockchain protocols, einschließlich Ethereum, Binance Smart Chain and Arbitrum.
verbunden: Diminishing returns: Is Bitcoin underperforming compared to altcoins?
Civic partners with Solrise Finance
Civic is a protocol focused on providing a blockchain-based identity management solution capable of satisfying Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements from regulators while also protecting the data and privacy of users on the network.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CVC on Sept. 21, vor dem jüngsten Preisanstieg.
Wie in der obigen Tabelle zu sehen, die VORTECS™ Score for CVC began to pick up on Sept. 21 und erreichte ein Hoch von 74 around eight hours before its price increased by 45% in den nächsten zwei Tagen.
The boost in momentum for Civic comes following the Sept. 23 announcement that the protocol has partnered with Solrise Finance to help launch the first permissioned decentralized exchange (DEX) on Solana.
Die Gesamtmarktkapitalisierung für Kryptowährungen liegt nun bei $1.879 Billionen und die Dominanzrate von Bitcoin beträgt 42.1%.
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