Crypto investors begin to feel a sense of hope again on January 26 as the broader cryptocurrency market sees green and Bitcoin (BTC) price trading near $38,000. Even with the breakout, traders are advising caution ahead of the Federal Open Market Committee meeting where the Federal Reserve is expected to unveil its interest rate hike plans.
As bullish sentiment begins to return, several altcoin projects saw their prices surge more than 41% as bearish buyers sought to secure a position ahead of an eventual market rally.
Border Lists in Bithumb
Frontier is a blockchain-independent decentralized financial aggregator designed to allow users to store, earn, trade, and invest in crypto assets across multiple blockchain networks from a single interface.
VORTECS™ data from Cointelegraph Markets Pro started detecting a bullish outlook for FRONT on January 24, before the recent price rally.
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 shown in the chart above, the VORTECS™ score for FRONT moved into the green zone on January 23rd and hit a high of 86 on January 24th, about 33 hours before the price climbed 100% the next day.
The FRONT price surge comes as the token was listed on the Korea-based cryptocurrency exchange Bithumb.
Decentral Games launches ICE poker
Decentral Games is a play-to-earn gaming protocol that offers users the opportunity to earn a living through incentive gameplay, self-custody, and delegation of yield-bearing Metaverse assets.
The DG price increase comes as the beta version of the ICE protocol poker game is now live and allows users to create avatars and win money in a virtual reality ICE skyline poker room.
Quantstamp services are in high demand
Blockchain code security and auditing provider Quantstamp saw its token price surge 66% on January 26 to a daily high of $0.357.
VORTECS™ data from Cointelegraph Markets Pro began detecting a bullish outlook for QSP on January 23, ahead of the recent price rally.
As shown in the chart above, the VORTECS™ score for QSP hit a high of 73 on January 23, about 10 hours before the price recorded a 69% rally over the next two days.
QSP’s price hike follows a series of audits conducted by the Quantstamp team for several projects, including the code of the decentralized exchange CasperSwap and the MakersPlace NFT marketplace.
The overall cryptocurrency market capitalization now stands at $1.734 trillion, and Bitcoin’s dominance rate is 41.8%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.