Traders and the market showed extreme optimism on October 15 after rumors and a number of documents suggested that there would be fewer hurdles before the approval of the Bitcoin ETF.
After the positive news, the price of Bitcoin (BTC) rose to nearly $63,000 for the first time since April, while the price of many digital currencies climbed to the triple digits.
Top 7 coins with a maximum price change of 24 hours. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data shows that NuCypher (NU), Keep Network (KEEP) and Orchid (OXT) have seen the biggest gains in the past 24 hours.
NuCypher collaborates with the Keep Network
NuCyper is a protocol focused on creating decentralized cryptography, access control, and key management services for public blocks, offering end-to-end encrypted data exchange and decentralized storage solutions.
Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.283 in the early trading hours of October 15, the new product jumped 535% to an intraday high of $1.80 as 24-hour volume increased 19.440%. to the dollar. 2.152 billion.
NU/USD 4 hour chart. Source: TradingView
The price and volume increase for NU came when the project helped facilitate the launch of tBTC v2 on the Keep Network, which is designed to “extend Bitcoin censorship protection capabilities to all networks that can interact with Ethereum (ETH).
Censorship comes to the Ethereum network
The Keep Network is a protocol designed to provide a privacy-focused infrastructure in public blockchains by creating an incentive network for storing and encrypting private data.
VORTECS data from Cointelegraph Markets Pro began showing an optimistic outlook for KEEP on October 12, before the recent price hike.
Exclusive to Cointelegraph, VORTECS™ is an algorithmic comparison of historical and current market conditions arising from a range of data points, including market sentiment, trading volume, recent price movements, and Twitter activity.
VORTECS result (in green) vs. KEEP award. Source: Cointelegraph Markets Pro
As you can see from the chart above, KEEP’s VORTECS begynte group started rising on October 12 and peaked at 75, the next day the price was up 585%.
The increase in KEEP activity came along with an increase in the price of NU when the two projects together released tBTC v2 on the Keep Network.
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Blockchain VPN service increases the price of orchids
Orchid is a cryptocurrency-based Virtual Private Network (VPN) that describes itself as “the world’s first incentivized peer-to-peer privacy network.”
VORTECS™ data from Cointelegraph Markets Pro began showing an optimistic outlook for OXT on October 12, ahead of the recent rally.
Pricing VORTECS™ (in green) vs. the price of OXT. Source: Cointelegraph Markets Pro
As you can see from the chart above, OXT’s VORTECS samples pooled in green on October 12 and reached a high of 75 on October 14, about 15 hours before the 82% price rally over the next day.
Scrolling through the project’s Twitter feed indicates an increased focus on privacy issues, which led to a price increase on Friday, in line with Nu and KEEP’s main goals, suggesting that the privacy-related sector may start to receive more attention.
The total cryptocurrency market capitalization now stands at $2.482 trillion, with Bitcoin dominance at 46.6%.