Volatility increased on the second day after concerns mounted about the new Omicron variant of COVID-19 and the Federal Reserve’s admission that an earlier-than-expected adjustment of its bond-buying program was still affecting global stock markets. The effect of this fear appears to have affected the price of Bitcoin, as the digital asset retreated from its intraday high of $59,175 this morning and fell to $55,875.

However, this is not just bad news for cryptocurrency holders, as many digital currencies have skyrocketed in the past 24 hours.

Top 7 coins with a maximum price change for 24 hours. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data shows that Shiba Inu (SHIB), Rari Governance Token (RGT) and Ampleforth (AMPL) have seen the biggest gains in the past 24 hours.

Shiba Inu reveals the game plan and the Metaverse
Shiba Inu is a meme coin that runs on the Ethereum (ETH) network and has become popular until 2021, incorporating new trends such as non-financial tokens (NFT) and decentralized finance (DeFi).

VORTECS data from Cointelegraph Markets Pro began to outline an optimistic outlook for SHIB on November 29, ahead of the recent price hike.

Exclusive to Cointelegraph, VORTECS is an algorithmic comparison of historical and current market conditions based on a range of data points, including market sentiment, trading volume, recent price movements, and Twitter activity.

VORTECS result (in green) vs. SHIB price. Source: Cointelegraph Markets Pro
As you can see from the chart above, while VORTECS for points for SHIB has remained relatively unchanged over the past week, the Cointelegraph Markets Pros NewsQuakes alert system posted three updates about 15 hours before the 42% price hike over the next day.

SHIB’s price increase follows the Kraken-listed token and news that Shiba Inu is teaming up with William Wolf, former Vice President of Technology at Activision, to create games for the project’s ecosystem and conquer the Metaverse.

RELATED: Shiba Inu Gained Over 30% In Just 2 Days As Kraken Announces The Entry Of SHIB

Rare Capital has a net worth of $1.5 billion.
The Rari Governance Token is a token of Rari Capital, an unguarded DeFi robo-advisor that allows users to independently generate revenue from their cryptocurrency.

VORTECS data from Cointelegraph Markets Pro began to define an optimistic outlook for RGT on November 25, ahead of the recent price hike.

VORTECS result (in green) vs. RARI price. Source: Cointelegraph Markets Pro
As you can see from the chart above, the Steg reading for RGT rose sharply into the green and peaked at 77 on November 25, about 78 hours before the price surged 51.5% over the next two days.

The RGT Rally came about when the protocol’s total cost exceeded $1.5 billion and a new shield mining campaign was launched with Nexus Mutual (NXM) where NXM members could earn RGT for their games.

Ampleforth adds cover
Ampleforth is a repatriation project hosted on the Ethereum network that uses an algorithmically modified trader offer that aims to be the primary money for a decentralized economy that can remain independent of the price movement of other cryptocurrencies.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.75 on November 22nd, AMPL price surged 87.5% to a daily high of $1.41 on November 30th.

AMPL/USDT 4-hour chart. Source: TradingView
The spike appears to be related to the wAMPL release, which is a packaged AMPL release that cannot be updated and can be used more easily across the entire DeFi ecosystem.

The total cryptocurrency market capitalization now stands at $2.613 trillion, with the bitcoin dominance rate at 41.1%.

Source: CoinTelegraph

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