Even if Bitcoin price drops below $46,000 again, altcoins turn bullish

With the price of Bitcoin (Bitcoin) Continue to trade slightly below 47,000 USD.Analyst’s horizontal price movement Warning “burst volatility period“It is fast approaching, but few people are willing to predict the direction of the breakthrough.

While the price of Bitcoin has fallen, the altcoin market has become active, and multiple tokens have achieved significant gains, especially in the DeFi community.

The top 7 tokens with the largest price changes in 24 hours. source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and Transaction view Show that the biggest gains in the past 24 hours are Everest (ID), PAC Protocol (PAC) and Ravencoin.

Everest expands its interoperability

Everest is a blockchain company focused on removing public service barriers and enhancing economic inclusiveness by creating a deviceless global digital transaction protocol with built-in identity features.

VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, a bullish outlook for ID began to be discovered on December 30.

Cointelegraph’s unique VORTECS™ score is an algorithmic comparison of historical and current market conditions. These data points include a combination of market sentiment, trading volume, recent price changes, and Twitter activity.

VORTECS™ score (grey) and ID price. source: Cointelegraph Markets Pro

As shown in the figure above, ID’s VORTECS™ score began to rise on December 30, and reached a high score of 70 in the 44 hours before the price began to rise by 115% in the next three days.

As ID prices are rising, the Everest project is launching a bridge that connects EverChain with multiple blockchain networks including Polygon.Matic), Binance Smart Chain (BSC), Avalanche (AVAX) And Solana (Sol).

PAC agreement launches data storage account

PAC Procotol is a next-generation blockchain master node network with more than 18,000 active nodes, and its token price has increased by 36% in the past 24 hours.

Data from Cointelegraph Markets Pro and Coin Tiger It shows that after hitting a low of $0.002 on December 31, the price of PAC rose by 79% and reached a daily high of $0.00359 on January 3, and its 24-hour trading volume soared by 50%.

PAC/USD 1-hour chart. Source: CoinGecko

The momentum for PAC’s construction comes from the fact that the project has begun to roll out the beta version of its yanDNA™ data storage account and provide early adopters with 5 GB of free storage space.

related: The third largest whale celebrates Bitcoin’s birthday with a price of 456 BTC

Ravencoin celebrates its 4th anniversary

Ravencoin is a blockchain network designed to efficiently handle the transfer of assets from one party to another. Its price has soared by 34% in the past 24 hours.

Before the recent price increase, VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ID on December 30.

VORTECS™ score (green) and RVN price. source: Cointelegraph Markets Pro

As shown in the figure above, the VORTECS™ score of RVN began to rise on December 29, and climbed to a high of 87 on December 30. About 15 hours later, the price increased by 45.5% in the next four days.

RVN’s bullish move came as the project celebrated its fourth anniversary of its official launch, and now the project is focusing on developing “Wall Street’s next-generation financial technology” on Ravencoin while expanding its NFT capabilities.

The overall cryptocurrency market value is now $2.253 trillion, and Bitcoin’s dominance rate is 39.4%.

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