Bulls today officially made a claim for Bitcoin (BTC) to rise 4.18% at $49,163, attracting the attention of investors who have been waiting for (BTC) to recover to $50,000.
The rise in bullish momentum was followed by a wave of green candles in altcoins and most tokens in the top 200.
Syscoin (SYS), TrustSwap (SWAP) and PARSIQ (PRQ) were the top-grossing companies in the last 24 hours, according to data from Cointelegraph Markets Pro and TradingView.
Happy 7th Birthday to Syscoin
The top performing coin in the last 24 hours has been Syscoin, a platform that offers low-cost tokens, assets and NFTs protected by the hashrate and censorship resistance of the Bitcoin network.
VORTECS™ data from Cointelegraph Markets Pro started detecting bullish outlook for SYS on August 15th, before the recent price increase.
Cointelegraph’s exclusive VORTECS™ score is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, volume, recent price movements, and Twitter activity.
As you can see in the chart above, SYS’ VORTECS™ Score rose to green on August 15th, about four days before the price jumped 96%, reaching a high of 72.
The price surge comes as the Syscoin protocol celebrates its 7th anniversary of operation and prepares for an upcoming upgrade to Taproot, which will launch in November.
TrustSwap appears ahead of NFT decline.
TrustSwap is a decentralized protocol called “full-service digital asset ecosystem” that promises to bring a new evolution to Decentralized Finance (DeFi). It specializes in the creation of multi-chain token swaps and is rapidly expanding to include staking capabilities, issuance of new tokens, and an in-house launchpad.
According to data from Cointelegraph Markets Pro, market conditions for SWAP have been favorable for a while.
As you can see in the chart above, the VORTECS™ score for SWAP remained green for most of the past week and reached a high of 78 on August 16, with the price rising 51% the next day about 68 hours ago.
Expectations for the token have increased over the past few days thanks to upcoming tokens. NFT drop Scheduled for August 21st.
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New features excite the PARSIQ community
PARSIQ, a blockchain-based analytics platform, has risen 38.53% in the last 24 hours.
VORTECS™ data from Cointelegraph Markets Pro started detecting bullish outlook for PRQ on August 18th, before the recent price rise.
As you can see in the chart above, the VORTECS™ score for PRQ went green on August 18th and reached a high of 71 after about 26 hours before the price surged 70% the next day.
rapid price increase release PARSIQ’s ‘User Defined Streams’ allow projects and developers to “select contract events to import contracts and activate smart triggers immediately upon contract deployment.”
The overall cryptocurrency market cap is currently $2.91 trillion, with Bitcoin dominating 43.7%.
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