Even with Bitcoin price on the verge of a new all-time higher, the cryptocurrency marketplace is projecting an aura of fearful optimism on October 18 as buyers wait around for the official start of the very first Bitcoin (BTC) Trade Traded Fund (ETF), which is slated for October 19 commence investing.
As the sector waits for the historic ETF launch, the BTC bulls struggle to hold the $ 62,000 stage as support. In the meantime, a handful of altcoins noticed double-digit rallies on Monday as traders might seek to capitalize on the earnings they would make on a consolidation in Bitcoin price tag.
Info from Cointelegraph Marketplaces Pro and TradingView exhibits that the greatest winners over the earlier 24 hours have been Ankr Network (ANKR), Stacks (STX) and Kadena (KDA).
Ankr Community will work with the Sacramento Kings
Ankr Network’s blockchain solution is intended to harness unused computing electric power from gadgets and details centers all over the environment to electric power the crypto ecosystem.
Cointelegraph Markets Pro’s VORTECS ™ details started to see a bullish outlook for ANKR on Oct 17, in advance of the the latest rate hike.
The VORTECS ™ Score, distinctive to Cointelegraph, is an algorithmic comparison of historical and current market problems derived from a mixture of facts factors this sort of as marketplace sentiment, buying and selling quantity, new rate movements and Twitter exercise.
As can be witnessed in the graph above, the VORTECS ™ Rating for ANKR began mounting on Oct 17th and climbed to a higher of 70 about 4 hrs before soaring 46% the up coming day.
The price leap for ANKR follows the project’s multi-calendar year sponsorship offer with the Sacramento Kings of the Nationwide Basketball Association (NBA).
Stacks advancements in the adoption of smart contracts on Bitcoin
Stacks is a layer-one blockchain option that focuses on bringing intelligent contracts and decentralized purposes to the Bitcoin community.
VORTECS ™ information from Cointelegraph Marketplaces Pro began to see a bullish outlook for the STX on Oct 11 ahead of the latest selling price hike.
As can be found in the graph over, the VORTECS ™ Score for STX started soaring on October 11th, hitting a higher of 88, about five hours just before the rate began growing 55% around the upcoming week.
The growing great importance of STX is thanks to the actuality that the possible launch of quite a few BTC ETFs has fired up the broader financial commitment neighborhood about the risk of wise deal functions in the Bitcoin community.
Linked: Grayscale confirms Bitcoin ETF programs and expands its publicity to Zcash, Stellar Lumens and Horizen
Kadena adds NFT capabilities
Kadena price has also taken a bullish convert in the earlier 24 several hours.
Info from Cointelegraph Markets Pro and TradingView clearly show that soon after hitting a lower of $ 2.14 on Oct 16, the rate of KDA rose 30% to a each day significant of $ 2.79 on Oct 18, whilst its 24-hour trading volume elevated 313% to $ 9.4 million.
The surge in momentum for KDA follows protocol’s partnership with Immutable Information, which will deliver a fully developed NFT marketplace to the Kadena ecosystem.
The whole marketplace cap for cryptocurrencies is now $ 2.462 trillion and the dominance amount of Bitcoin is 47.2%.
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