Prices for STEEM, SWAP and ZRX rose shortly after a round of listings on major crypto exchanges.
Cryptocurrency market sentiment is on the rise after a slight rise in bitcoin (BTC) and altcoins suggests the market may be in the process of a bullish breakout.
Several altcoins are also gaining momentum, with a number of new partner announcements appearing to underpin the 40% gain in some assets on April 21st.
Top 7 coins with the highest price change in 24 hours. Source: Cointelegraph Markets Pro.
Data from Cointelegraph Markets Pro and TradingView shows that Steem (STEEM), TrustSwap (SWAP) and 0x (ZRX) have risen the most over the past 24 hours.
Binance Lists STEEM
The community-focused Steem blockchain network is the base chain for the social media platform Steemit, which allows users to be rewarded for their contributions and interactions in the community.
Data from Cointelegraph Markets Pro and TradingView shows that the price of STEEM hit a low of $0.344 on April 20 before rising 77.16% to hit an intraday high of $0.61 on April 21 when its 24-hour trading volume exploded.
STEEM/USDT 4-hour chart. Source: Trading View
The sudden uptick in momentum and trading volume for STEEM followed the Binance exchange’s announcement to add support for the STEEM/USDT trading pair.
TrustSwap is trading on Bithumb
TrustSwap is a decentralized finance protocol that specializes in creating multi-chain token swaps and offers many other features including staking, the ability to issue new tokens, and an internal launchpad.
Cointelegraph Markets Pro VORTECS™ data began showing a bullish outlook for SWAP on April 16, ahead of the recent price rally.
Exclusive to Cointelegraph, VORTECS™ Score is an algorithmic comparison of historical and current market conditions derived from a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity.
VORTECS™ score (green) compared to the swap price. Source: Cointelegraph Markets Pro.
As seen in the chart above, the VORTECS™ for SWAP moved into the green, peaking at 75 on April 16, about 65 hours before the price surged 120.96% over the next three days.
The rise in SWAP price follows a new listing on South Korean cryptocurrency exchange Bithumb and an active effort to commercialize the protocol’s minting module, which allows users to easily create and mine cryptocurrency on the BNB smart chain, as well as on Ethereum and Polygon to launch blockchains.
Related: Coinbase Plans to Buy Cryptocurrency Exchange BtcTurk for $3.2 Billion: Report
0x partners with Coinbase
ZRX is a decentralized exchange infrastructure protocol specialized in facilitating the trading of assets on the Ethereum blockchain without having to rely on central intermediaries.
Cointelegraph Markets Pro VORTECS™ data began pointing to a bullish outlook for the ZRX on April 19, ahead of the recent price spike.
VORTECS™ score (green) compared to ZRX price. Source: Cointelegraph Markets Pro.
As shown above, ZRX’s VORTECS™ valuation peaked at 75 on April 19, just an hour before the price began to rise 71.56% over the next two days.
The rapid rise in the price of ZRX follows the announcement that Coinbase has partnered with 0x to create their new social marketplace for non-fungible tokens, or NFTs.
The total market capitalization of cryptocurrencies currently stands at $1.94 trillion and the Bitcoin dominance rate is 41.3%.
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