The bullish momentum across the cryptocurrency market continued to construct on Sept. 3 as a market-wide rally lifted the costs of most altcoins and boosted Bitcoin (BTC) and Ether (ETH) above their respective resistance ranges at $51,000 and $4,000.
The current worth positive factors seen within the altcoin market present no signal of slowing down and a number of other altcoins gained greater than 30% on Friday.
Polymath rallies as its ‘Polymesh’ mainnet launch approaches
Polymath is an Ethereum-based undertaking targeted on digital asset administration.
Knowledge from Cointelegraph Markets Pro and TradingView exhibits that after hitting a low of $0.345 on Sep. 1, the value of POLY rallied 56% to an intraday excessive at $0.54 on Sept. 3 as its 24-hour buying and selling quantity exploded by 2,040%.
The sudden burst of momentum for the undertaking comes following the Sept. 1 improve to the Polymesh incentivized testnet which places the undertaking one step nearer to the complete launch of the Polymesh mainnet.
Bitcoin Money ABC rebrands to eCash
Bitcoin Money ABC, previously referred to as Bitcoin Money (BCH), just lately underwent a rebrand to eCash (XEC).
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, current worth actions and Twitter exercise.
As seen within the chart above, the VORTECS™ Rating for BCHA climbed into the inexperienced zone on Aug. 29 and reached a peak of 81 on Aug. 30, round 74 hours earlier than its worth elevated 78% over the following day.
Pleasure for the undertaking comes following its official rebranding to eCash which additionally included a token revaluation that elevated the circulating provide from 21 million to 21 trillion.
XYO Community advantages from a brand new collaboration
The XYO Community is a decentralized community of gadgets that anonymously accumulate and validate geospatial knowledge and file it on the XYO blockchain.
In response to knowledge from Cointelegraph Markets Pro, market situations for XYO have been favorable for a while.
As seen within the chart above, the VORTECS™ Rating for XYO started to select up on Sept. 1 and reached a excessive of 77 round seven hours earlier than the value elevated 285% over the following day.
This worth spike comes after the XYO group acquired a lift to its visibility on Sept. 1 after CoinApp launched a marketing campaign permitting customers to earn XYO tokens for taking part in a case research on the appliance.
The general cryptocurrency market cap now stands at $2.289 trillion and Bitcoin’s dominance price is 41.5%.
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