On October 4, the broader cryptocurrency market came under pressure as momentum from a Bitcoin (BTC) meeting over $ 49,000 over the weekend was offset by greater concerns about the global financial system, rising inflation and supply chain problems.
Despite these difficulties, many altcoins have managed to accumulate, and at the time of writing, the popularity of cryptocurrencies and decentralized financial sectors has continued to grow.
7 major currencies with maximum price change of 24 hours. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data show that Axie Infinity (AXS), PowerPool (CVP) and Polkastarter (POLS) have seen the biggest gains in the last 24 hours.
Axie Infinity publishes new character details
Axie Infinity is a blockchain-based fighting and fundraising game that has been one of the rising stars in 2021, and in addition to a sharp increase of 5000%, the game has also helped a wider audience educate a wider audience about opportunities for game earning and earning opportunities. the income they offer.
Market conditions have been favorable for AXS for some time, according to data from Cointelegraph Markets Pro.
VORTECS ™ is exclusive to Cointelegraph, an algorithmic comparison of historical and current market conditions derived from a range of data points, including market sentiment, trading volume, recent price movements and Twitter activity.
Pricing VORTECS ™ (green) versus AXS price. Source: Cointelegraph Markets Pro
As shown in the chart above, the VORTECS ™ result for AXS began to accumulate on October 2 and reached dark green territory on October 3, just one hour before the price rose 51% the next day.
The October 4 price increase comes as a result of a live chat with the developers of the project, which revealed some new details about the upcoming updates, including the addition of Axie points for each character, giving new abilities and effects to the game.
Related topics: Axie Infinity Overheating? The price of AXS rose to the highest ever after rising 100% from the previous quarter.
Binance Power Pool menu
PowerPool is a decentralized finance protocol that specializes in helping users unify the management capabilities of Ethereum-based protocols by creating token pools and community polls.
The VORTECS ™ data from Cointelegraph Markets Pro began to define the optimistic outlook for CVP on September 29, ahead of the recent price increase.
VORTECS score (green) versus CVP price. Source: Cointelegraph Markets Pro
As shown in the chart above, the CVP VORTECS steg result rose on September 29, reaching almost 74 points before the price began to rise 60% over the next three days.
The price increase on CVP is due to the project being listed on the Binance cryptocurrency exchange and added to the Binance Smart Chain.
Launch of Polkastarter v2
Polkastarter is a protocol in the Polkadot ecosystem designed to provide an easy-to-use launch platform for blockchain projects at an early stage to launch token pools and auctions as a way to raise capital and distribute tokens.
VORTECS fra data from Cointelegraph Markets Pro began to define the optimistic outlook for POLS on October 2, ahead of the recent price increase.
VORTECS score (green) against POLS price. Source: Cointelegraph Markets Pro
As shown in the chart above, the VORTECS ™ result for POLS began to accumulate on October 2, peaking at 74 in approximately 29 hours, after which the price rose 23% over the next day.
The sharp rise in the price of POLS is due to the launch of the Polkastarter v2 community project, which includes dashboard updates and the ability to share POLS on Ethereum or Binance Smart Chain.
The total market value of cryptocurrency is now $ 2.141 trillion, and the bitcoin dominance rate is 42.8%.