Altcoins book 40% gains after Bitcoin and the crypto market enter a relief rally
On Jan. 26, cryptocurrency investors are starting to feel hopeful again, with the larger cryptocurrency market turning green and Bitcoin (BTC) selling near $38,000. Traders are advocating caution despite the breakout ahead of the Federal Open Market Committee meeting, where the Federal Reserve is anticipated to reveal its plans for raising interest rates.
As optimistic mood returns, the prices of some cryptocurrency projects have risen by more than 41% as dip buyers try to lock in a profit ahead of a likely market comeback.
Frontier (FRONT), Decentral Games (DG), and Quantstamp were the top gainers in the last 24 hours, according to data (QSP).
Frontier is a decentralized finance aggregator that allows users to save, earn, swap, and invest in crypto assets across many blockchain networks via a single interface.
Before the latest price spike, VORTECSTM statistics began to detect a favorable prognosis for FRONT on Jan. 24.
The VORTECSTM Score is an algorithmic assessment of past and present market circumstances produced from a variety of data points including market sentiment, trading volume, recent price changes, and Twitter activity.
The VORTECSTM Score for FRONT entered the green zone on January 23 and reached a high of 86 on January 24, around 33 hours before the price soared 100 percent the following day.
Decentral Games rolls out ICE pok
Decentral Games is a game-to-earn protocol that allows users to earn money through incentivized games, self-custody, and the delegation of yield-bearing Metaverse assets.
The price of DG has risen 55 percent from a low of $0.236 on January 25 to a daily high of $0.366 on January 26 according to data.
The price rise for DG comes as the protocol’s ICE poker game’s beta edition is now live, letting users to create avatars and earn money in a virtual reality skyline ICE poker room.
Quantstamp services are in high demand
Quantstamp, blockchain security, and code auditing company, saw its token price climb 66 percent to $0.357 on Jan. 26.
Prior to the latest price spike, VORTECSTM data began to detect an optimistic prognosis for QSP on Jan. 23.
The VORTECSTM Score for QSP reached a high of 73 on Jan. 23, about 10 hours before the price rallied 69 percent in the next two days.
The price of QSP has risen as a result of a series of audits undertaken by the Quantstamp team on a number of projects, including the code for the CasperSwap decentralized exchange and the MakersPlace non-fungible token market.
The total cryptocurrency market capitalization is currently $1.734 trillion, with Bitcoin commanding 41.8 percent of the market.