AMP, XVS and RSR price saw strong breakouts after a short squeeze sent Bitcoin price within a hair of the $40,000 livello.
A renewed sense of optimism has returned to the cryptocurrency ecosystem on July 26 come Bitcoin (BTC) recovery above $38,900 has sparked a market-wide rally in the altcoins.
Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24 hours are Amp (AMP), Venere (XVS) and Reserve Rights (RSR).
Five out of the top seven gainers fall into the decentralized finance (DeFi) settore, a possible sign that DeFi may be heating up for another major run in 2021.
The top performer over the past 24-hours has been Amp (AMP), a digital collateral token protocol that offers instant, verifiable assurances for any kind of value transfer.
Data from TradingView shows that after hitting a low of $0.048 a luglio 25, the price of AMP rallied 96% to reach an intraday high at $0.094 a luglio 26 as its 24-hour trading volume jumped more than 800% from an average of $20 milioni a $280 milioni.
Venere (XVS), a Binance Smart Chain-based algorithmic money market and synthetic stablecoin protocol also saw a strong breakout today.
Come si vede nella tabella sopra, the price of XVS has spiked 63% da un minimo di $17.13 a luglio 25 ad un massimo intraday a $27.95 a luglio 26 as its 24-hour trading volume surged by more than 600% per $180 milioni.
According to the latest data provided by Venus, the protocol currently has more than $3 billion in total value locked on the platform and over $1.8 billion in available liquidity.
The third-biggest gainer on Monday was Reserve Rights (RSR), a dual-token stablecoin platform comprised of the Reserve stablecoin (RSV), which is backed by a basket of assets managed by smart contracts and the RSR token which helps to keep the price of RSV stable through a system of arbitrage opportunities.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for RSR on July 24, prima del recente aumento dei prezzi.
I VORTECS™ Punto, esclusiva di Cointelegraph, è un confronto algoritmico delle condizioni di mercato storiche e attuali derivato da una combinazione di punti di dati tra cui il sentimento del mercato, volume degli scambi, recenti movimenti dei prezzi e attività su Twitter.
Come si vede nella tabella sopra, i VORTECS™ Score for RSR turned green on July 24 and climbed to a high of 76, in giro 28 hours before its price increased by 45% over the next day.
The jump in price follows the July 24 upgrade to the protocol which now allows app users to “deposit and withdraw money on Saturdays and Sundays from 6:00 am to 6:00 pm.”
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