Today bitcoin (BTC) price and Ether (ETH) price returned to lower support levels after an exciting week in which BTC hit a new all-time high following the successful launch of two exchange-traded funds.
While much of the focus has been on BTC and Ether, several altcoins have racked up notable gains as some traders appear to be bracing for a possible altseason run.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers in the last 24 hours were THORChain (RUNE), Moonriver (MOVR) and OKB (OKB).
THORChain resumes trading on the Ethereum network
THORChain is a decentralized liquidity protocol that provides cross-chain access to different blockchain networks and allows users to retain full custody of their assets while transacting across networks.
According to data from Cointelegraph Markets Promarket conditions for RUNE have been favorable for some time.
The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity. .
As seen in the chart above, the VORTECS™ score for RUNE has been high in the green zone for most of the past week and hit a high of 74 on October 18, about 19 hours before its price hit. increases by 60% over the next two days.
RUNE’s new impetus follows the resumption of trading on the Ethereum network, which had been halted since the protocol suffered an $8 million hack in July 2021.
Moonriver expands its ecosystem
Moonriver is one of the recently launched Kusama parachain protocols which is an Ethereum compatible smart contract platform that provides a permanently incentivized canary network.
Data from Cointelegraph Markets Pro and TradingView show that after hitting a low of $234 on Oct. 19, MOVR’s price jumped 75% to hit an intraday high of $410 on Oct. 22, when its 24-hour trading volume topped 59 million dollars.
The rally seen in the price of MOVR comes as the project has established new partnerships in the cryptocurrency ecosystem, including collaboration with the Graph Protocol and integration with SushiSwap.
Related: Valkyrie Bitcoin Futures ETF Launches on Nasdaq, Share Price Falls 3% in First Hour
OKEx launches meme-corner campaign
OKB is the native token of Malta-based cryptocurrency exchange OKEx and it functions as the utility token for the OKEx ecosystem.
VORTECS™ data from Cointelegraph Markets Pro began detecting a bullish outlook for OKB on October 21, ahead of the recent price rally.
As shown in the chart above, the VORTECS™ score for OKB began moving into the green on October 21 and hit a high of 76, about nine hours before its price rose 25% the following day.
According to Cointelegraph Markets Pro’s NewsQuakes™ service, OKB’s rally came after the exchange enabled one-click staking for USD Coin (USDC), which offers a 20% return as well as the launch of a meme coin campaign where users can compete to have their favorite meme coins listed on the exchange.
The overall cryptocurrency market capitalization now stands at $2.51 trillion, and Bitcoin’s dominance rate is 45.5%.
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