Bitcoin Bulls (BTC) suffered another setback on December 17 when it dropped its day-to-day attack price to $ 45,500. The price was quickly restored to $ 47,000, but a new downtrend every day could be a sign of another downside.
As the broader market descended, several alternative currencies provided a source of refuge for tired traders as buying symbols and increasing network activity helped strengthen their prices and protect them from the storm.
Top 7 currencies with the highest price change in 24 hours. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data show that the biggest gains in the last 24 hours are Yearn.finance (YFI), Hxro (HXRO) and Arweave (AR).
YFI benefits from buying tokens
Yearn.finance is a centralized financial aggregate (DeFi) service that uses automation to increase agricultural returns for investors.
According to Cointelegraph Markets Pro and TradingView, the YFI rose to 56.48% when it reached its lowest level of $ 18,844 on December 15, reaching $ 29,488 daily on December 17 as trading volume increased by 220% in 24 hours to $ 844 million. .
4-hour YFI / USDT chart. Source: TradingView
The sudden rise in YFI comes after the project voted to improve YFI tokenomics and announced that it would buy tokens again in November. So far, the protocol has purchased 282.4 YFIs for an average of $ 26,651, indicating that in the future the project will have new purchases with the help of the $ 45 million treasury.
Hxro functionality on TD Ameritrade
Hxro is a cryptocurrency trading protocol that operates on the Ethereum (ETH) network and allows users to access popular cryptocurrencies such as BTC, Ether, Dogecoin (DOGE) and Solana (SOL).
Cointelegraph Markets Pro VORTECS ™ data began to reveal the outlook for HXRO on December 14 before the latest price hike.
Cointelegraph’s unique VORTECS ™ score is an algorithmic comparison, comparing market sentiments, trading volume, recent price movements, historical and current market conditions derived from a combination of activity points. From Twitter.
VORTECS points ™ (green) vs. HXRO cost. Source: Cointelegraph Markets Pro
According to the chart above, the VORTECS ™ score for HXRO rose in the green zone on December 14 and reached its highest level of about 45 hours before the price rose 13.2% the next day.
The rise in HXRO prices comes after co-founder Dan Hansberg appeared on the TD Ameritrade network market on the Closed Podcast, discussing the future of Bitcoin and the evolution of the broader cryptocurrency ecosystem.
Related: A new poll shows that 83% of millennial millionaires now own cryptocurrencies
Arweave launches new log of daily operations
Arweave is a centralized storage network that was developed with the help of a stable, first ever real-time data storage network.
Cointelegraph Markets Pro’s VORTECS ™ data began to reveal the outlook for AR on December 14, just before the recent price hike.
VORTECS points ™ (green) vs AR price. Source: Cointelegraph Markets Pro
According to the chart above, the VORTECS ™ score for AR increased in the green on December 14 and reached a maximum of 77 hours before the price rose to 40.78% in two days. Next
The rise in the price of RA is due to the fact that the number of protocols in the Bundle of Protocols has reached a peak of 2.19 million transactions, which is 50 times more than the daily transactions per year. .
The global capitalization of the cryptocurrency market is now $ 2.192 trillion, with a Bitcoin priority of 40.6%.