2 years ago
Fear and volatility stay the taxable of the week arsenic Bitcoin (BTC) continues to look stiff absorption adjacent the $42,000 terms level and banal markets were besides hard deed connected Jan. 18. Investor fearfulness implicit this year's projected complaint hikes proceed to use bearish unit and astatine the closing doorbell the DOW was down 530 points, oregon 1.4%.
Despite the downturn, altcoins managed to flooded the sound and respective posted double-digit gains connected Tuesday.
Top 7 coins with the highest 24-hour terms change. Source: Cointelegraph Markets ProData from Cointelegraph Markets Pro and TradingView shows that the biggest gainers implicit the past 24-hours were Elsastos (ELA), API3 (API3) and Prometheus (PROM).
Elastos launches a token buyback program
Elastos protocol, a web3-focused task aiming to go the "blockchain-powered mentation of the internet" broke retired with a notable 22% rally.
Data from Cointelegraph Markets Pro and TradingView shows that aft hitting a debased of $2.80 connected Jan. 8, the terms of Elastos has blasted 120% higher to scope a regular precocious of $6.16 connected Jan. 18 arsenic its 24-hour trading measurement spiked 142% to $7.57 million.
ELA/USDT 4-hour chart. Source: TradingViewThe surge successful terms and trading measurement for ELA came aft the Elastos Foundation announced plans for an upcoming ELA buyback program. The platform’s archetypal decentralized exchange, Glide Finance, besides saw an uptick successful the full worth locked for its protocol.
API3 and “first-party” oracles
API3 is simply a protocol focused connected enhancing the connection capabilities betwixt astute contracts and exertion programming interfaces (APIs) arsenic a mode to facilitate the unafraid and reliable transportation of up-to-the-minute data.
VORTECS™ information from Cointelegraph Markets Pro began to observe a bullish outlook for API3 connected Jan. 18, anterior to the caller terms rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic examination of humanities and existent marketplace conditions derived from a operation of information points including marketplace sentiment, trading volume, caller terms movements and Twitter activity.
VORTECS™ Score (green) vs. API3 price. Source: Cointelegraph Markets ProAs seen successful the illustration above, the VORTECS™ Score for API3 spiked to a precocious of 77 connected Jan. 18 astir 1 hr earlier its terms began to surge 26% implicit the adjacent 2 hours.
The surge successful involvement for API3 comes arsenic the protocol's first-party oracles are gaining momentum wrong the crypto community.
Related: Analysts pass that Bitcoin could dip to $38K 'before an eventual breakout'
Prometheus prepares to launch
The Prometheus protocol offers users a decentralized model for information monetization designed to facilitate the unafraid and backstage speech of data.
Data from Cointelegraph Markets Pro and TradingView shows that PROM spiked 30.84% to scope a regular precocious of $14.68 connected Jan. 18 amidst a 300% surge successful its 24-hour trading volume.
PROM/USDT 4-hour chart. Source: TradingViewThe terms turnaround for Prometheus comes arsenic the task prepares for its afloat mainnet launch. This volition see the archetypal enactment for 7 assets including Binance Coin (BCH), wrapped BTC, PROM, Tether (USDT), USD Coin (USDC) and Wrapped Ethereum (WETH).
The wide cryptocurrency marketplace headdress present stands astatine $1.973 trillion and Bitcoin’s dominance complaint is 40%.
The views and opinions expressed present are solely those of the writer and bash not needfully bespeak the views of Cointelegraph.com. Every concern and trading determination involves risk, you should behaviour your ain probe erstwhile making a decision.
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