Altcoins soar whereas Bitcoin bulls collect energy to assault $48,000

399
SHARES
2.3k
VIEWS


The cryptocurrency market charged full steam forward on Aug. 11 as the worth of Bitcoin (BTC) climbed to $46,743 and bulls at the moment are taking purpose on the $48,000 resistance stage as the following goal. 

Knowledge from Cointelegraph Markets Professional and TradingView exhibits that the most important gainers over the previous 24-hours have been IoTeX (IOTX), WINk (WIN) and Dent (DENT).

High 7 cash with the very best 24-hour worth change. Supply: Cointelegraph Markets Professional

The Coinbase itemizing bump continues for IOTX

IoTeX (IOTX) continued its scorching streak on Wednesday because the altcoins took the place as the highest 24-hour gainer for the third day in a row. The beneficial properties seem like linked to the Aug. 11 announcement that Coinbase can be itemizing the token.

Knowledge from Cointelegraph Markets Professional exhibits that the altcoin has rallied 322% since bottoming at $0.0293 on Aug. 10. The present surge lifted IOTX to a brand new all-time excessive at $0.124 on Aug. 11 as its 24-hour buying and selling quantity reached $2.75 billion.

VORTECS™ knowledge from Cointelegraph Markets Professional started to detect a bullish outlook for IOTX on Aug. 10, previous to the latest 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, latest worth actions and Twitter exercise.

VORTECS™ Rating (inexperienced) vs. IOTX worth. Supply: Cointelegraph Markets Professional

As seen within the chart above, the VORTECS™ Rating for IOTX elevated into the inexperienced zone and reached a excessive of 70 on Aug. 10, round 5 hours earlier than its worth elevated 322% over the following day.

WIN/USDT

WINk, a Tron-based oracle venture, had the second-largest acquire up to now 24-hours. The seemingly catalyst behind the transfer is rising group pleasure over new staking and liquidity supplier alternatives, in addition to the venture’s gaming and nonfungible token options.

Knowledge from TradingView exhibits that the worth of WIN rallied 80% from a low of $0.00046 on Aug. 10 to an intraday excessive at $0.00084 on Aug. 11 as its 24-hour buying and selling quantity elevated by 343%.

WIN/USDT 4-hour chart. Supply: TradingView

WINkLink protocol has now accomplished its transition from being a strictly gaming-focused platform to a complete oracle system able to connecting real-world knowledge by means of its sensible contracts.

Associated: US greenback downturn aids Bitcoin bulls earlier than $50K BTC worth showdown

DENT/USD

Dent, a mobile-focused protocol, rounded out the highest three performers up to now 24-hours by placing on a 30.5% acquire to $0.000456 as its 24-hour buying and selling quantity spiked by 200%.

VORTECS™ knowledge from Cointelegraph Markets Professional started to detect a bullish outlook for DENT on Aug. 7, previous to the latest worth rise.

VORTECS™ Rating (inexperienced) vs. DENT worth. Supply: Cointelegraph Markets Professional

As seen within the chart above, the VORTECS™ Rating for DENT climbed into the inexperienced zone starting Aug. 7 and reached a excessive of 75 on Aug. 9, round 44 hours earlier than its worth started to extend 44% over the following day.

The general cryptocurrency market cap now stands at $1.935 trillion and Bitcoin’s dominance fee is 45%.

The views and opinions expressed listed here are solely these of the creator and don’t essentially mirror the views of Cointelegraph.com. Each funding and buying and selling transfer entails danger, it is best to conduct your individual analysis when making a call.