Final week’s momentum in Bitcoin has all however pale as (BTC) worth is as soon as once more under the $39,000 degree with bears and bulls locked in a heated battle for market dominance.
Knowledge from Cointelegraph Markets Pro and TradingView reveals that whereas Bitcoin worth falters, a number of altcoins like Voyager Token (VGX), Perpetual Protocol (PERP) and Terra (LUNA) have seen double-digit positive factors.
The highest performer over the previous 24-hours has been Voyager Token, a cryptocurrency brokerage platform that provides retail and institutional traders a safe place to buy, commerce and lend crypto belongings.
VORTECS™ knowledge from Cointelegraph Markets Pro started to detect a bullish outlook for VGX on July 31, 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 knowledge factors together with market sentiment, buying and selling quantity, latest worth actions and Twitter exercise.
As seen on the chart above, the VORTECS™ Rating for VGX climbed to a excessive of 75 on July 31, round 50 hours earlier than the value elevated 54% over the subsequent day.
Perpetual Protocol, a decentralized perpetual contracts protocol that features an on-chain decentralized alternate (DEX) and as much as 10x leverage, was the second-best performer of the previous 24-hours.
In keeping with knowledge from Cointelegraph Markets Pro, market situations for PERP have been favorable for a while.
As seen on the chart above, the VORTECS™ Rating for PERP started to choose up on June 29 and climbed to a excessive of 80 on July 31, round 48 hours earlier than the value elevated 30% over the subsequent day.
The rise in worth, in addition to buying and selling quantity, come on the heels of the release of Curie, the v2 improve of the Perpetual Protocol which “dramatically improves capital effectivity and will increase price seize for liquidity suppliers.”
Tuesday’s third top-performer is Terra, a protocol that makes a speciality of fiat-pegged stablecoins like TerraUSD (UST) to energy a price-stable world fee system.
Knowledge from Cointelegraph Markets Pro and TradingView reveals that the value of LUNA has rallied 28% from a low of $11.13 on Aug. 2 to an intraday excessive at $14.21 on Aug. 3 as its 24-hour buying and selling quantity elevated by 58% to $714 million.
Pleasure for LUNA has been constructing since final week following the addition of TerraUSD (UST) to DinoSwap and has continued on Tuesday because of an ongoing neighborhood vote to whitelist bETH as collateral on Anchor Protocol which is able to carry Ether (ETH) staking rewards to the Anchor ecosystem.
The views and opinions expressed listed below 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 personal analysis when making a call.