January 22, 2022




Home Altcoin Small cap altcoins flash bullish indicators at the same time as Bitcoin revisits $42.5K – Cointelegraph

Small cap altcoins flash bullish indicators at the same time as Bitcoin revisits $42.5K – Cointelegraph

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CREAM, ETN and RGT flashed inexperienced at the same time as BTC worth noticed a pointy rejection at $44,000 that despatched its worth again into the $42,000 vary.

Altcoin Watch

The cryptocurrency market confronted one other day of erratic worth actions on Jan. 13 after Bitcoin (BTC) bulls have been soundly rejected in their bid to push the worth above $44,000. This led to an abrupt sell-off that has thrust the worth again into the excessive $42,000 vary. 

Regardless of the mid-day battle confronted by Bitcoin and most of the different massive market-cap cryptocurrencies, a number of small-cap altcoins managed to eke out notable positive factors.

Prime 7 cash with the best 24-hour worth change. Supply: Cointelegraph Markets Pro

Information from Cointelegraph Markets Pro and TradingView reveals that the three greatest gainers over the previous 24-hours have been Cream Finance (CREAM), Electroneum (ETN) and Rari Governance Token (RGT).

CREAM token holders qualify for the Iron Financial institution token

Cream Finance, a DeFi lending protocol, led the altcoin market with a acquire of greater than 35% after its 24-hour buying and selling quantity surged 365% to $75.2 million.

Information from Cointelegraph Markets Pro and TradingView reveals that after dipping to a low of $37.10 on Jan. 10, the worth of CREAM catapulted 112% to a each day excessive at $78.65 on Jan. 13 as its 24-hour buying and selling quantity jumped 351% to $75.3 million.

CREAM/USDT 4-hour chart. Supply: TradingView

The worth spike comes after the announcement that CREAM token holders can now qualify to obtain the upcoming Iron Financial institution token by staking their CREAM on the protocol for an prolonged lock-up interval.

Electroneum focuses on the gig financial system

The cell phone-based cryptocurrency platform Electroneum noticed the worth of its native ETN token spike 75% to $0.0134 over the previous day as its 24-hour buying and selling quantity rose by 1,552%.

VORTECS™ information from Cointelegraph Markets Professional started to detect a bullish outlook for ETN on Jan. 11, previous to the current worth rise.

The VORTECS™ Rating, unique to Cointelegraph, is an algorithmic comparability of historic and present market situations derived from a mix of information factors together with market sentiment, buying and selling quantity, current worth actions and Twitter exercise.

VORTECS™ Rating (gray) vs. ETN worth. Supply: Cointelegraph Markets Pro

As seen within the chart above, the VORTECS™ Rating for ETN registered a excessive of 70 on Jan. 11, round 4 hours earlier than the worth spiked 77.5% over the subsequent two days.

The sudden spike within the buying and selling quantity and worth for ETN comes because the challenge refocused its efforts on advertising its AnyTask™ freelancer platform. This has additionally helped contribute to an increase within the VORTECS™ Rating for ETN, which sits at 80 on the time of writing.

Associated: Bitcoin cycle is far from over and miners are in it for the long haul: Fidelity report

Rari Capital provides new Fuse swimming pools

Rari Capital is a non-custodial DeFi robo-advisor that permits customers to autonomously earn a yield with their crypto holdings and it makes use of RGT to conduct governance votes on the protocol.

VORTECS™ information from Cointelegraph Markets Professional started to detect a bullish outlook for RGT on Jan. 9, previous to the current worth rise.

VORTECS™ Rating (inexperienced) vs. RGT worth. Supply: Cointelegraph Markets Pro

As seen within the chart above, the VORTECS™ Rating for RGT climbed into the inexperienced zone on Jan. 9 and hit a excessive of 83 round 21 hours earlier than the worth started to extend 60.35% over the subsequent three days.

The worth appreciation for RGT follows the launch of a number of new Fuse swimming pools on Rari Capital for in style initiatives together with OlympusDAO, Babylon Finance and BadgerDAO.

The general cryptocurrency market cap now stands at $2.041 trillion and Bitcoin’s dominance price is at 39.8%.

The views and opinions expressed listed below are solely these of the creator and don’t essentially mirror the views of Cointelegraph.com. Each funding and buying and selling transfer includes danger, you must conduct your individual analysis when making a choice.

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