On September 30, cryptocurrency traders breathed a sigh of relief after headlines reflected positive news about the future adoption and regulation of the crypto sector. Visa announced earlier today that it has developed a Level 2 blockchain interoperability center that will support crypto payments, and Federal Reserve Chairman Jerome Powell said the regulator has no intention of banning cryptocurrencies.
The surge in sentiment coincided with a positive day for Bitcoin price action, which is up 5.74% to around $44,000 at the time of writing.
Top 7 currencies with maximum price change in 24 hours. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data shows that the biggest winners in the last 24 hours are Rari Governance Token (RGT), Polymath (POLY) and Telos (TLOS).
Rari Capital TVL is worth over $500 million
The Rari Governance Token is the original token of Rari Capital that allows users to control the future of the project’s DeFi protocol.
According to Cointelegraph Markets Pro, market conditions have been favorable for RGT for some time.
The VORTECS Raw Points, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions drawn from a range of data points, including market sentiment, trading volume, recent price movements, and Twitter activity.
VORTECS™ result (in green) vs. RGT price. Source: Cointelegraph Markets Pro
As shown in the chart above, the VORTECS™ valuation of RGT first rose into the green on September 25 and finally peaked at 82 on September 28, about 33 hours before the price started to rise 29% over the next day.
The RGT price hike comes as the public celebrates the protocol of Rari Capital, which has a total value of more than $500 million as it attempts to cross $1 billion.
Telos appear when the wearer anticipates air drops.
Telos is a blockchain network based on the EOSIO network focused on creating smart contracts for non-financial tokens (NFT), DeFi, gaming and social media.
According to Cointelegraph Markets Pro, market conditions have been favorable for TLOS for some time.
VORTECS™ pricing (in green) vs. TLOS pricing. Source: Cointelegraph Markets Pro
As shown in the chart above, VORTECS™ points for TLOS have been higher in green for most of the weeks and peaked at 73 on September 28, around the same time the price started rising 42% over the next two days.
The TLOS price hike comes at a time when the community has been active and excited about the ongoing donations to the Fortis and Destiny World projects, which are designed to showcase the capabilities of the Ethereum Virtual Machine (EVM) in addition to the capabilities of the Telos network on offer. Fixed price for gas.
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Polymath adds new security tokens
Polymath is a decentralized protocol that runs on the Ethereum (ETH) network and is focused on developing technology that allows creation, issuance and management of digital securities on the blockchain.
Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.51 on September 29, the Bulle price rose 51.58% to a daily high of $0.772 on September 30 as 24-hour trading volume edged up from the dollar average. . $21 million to $544 million.
4 hour POLY/USDT chart. Source: TradingView
The surge in price and volume on POLY comes as the protocol developers continue to update and expand the capabilities of the network, while new projects such as RedSwan and the commercial real estate market are launched on the Polymath network.
The total market capitalization of the cryptocurrency is now at $1.91 trillion, and the dominance of bitcoin is 42.7%.