Home   >     Industry    >     Main body
    Previous Post: Next:

    Altcoins turn bullish even as Bitcoin price slips below $46K again

    Abstract:ID, PAC and RVN lead the altcoin breakout, while Bitcoin price targets new lows below $46,000.

      DATA from Cointelegraph Markets PRO and TradingView shows that the biggest gainers over the past 24-hours were Everest (ID), PAC Protocol (PAC) and Ravencoin.

    Everest expands its interoperability

      Everest is a blockCHAIN company with a focus on removing barriers to public services and enhancing economic inclusion through the creation of a device-FREE, global digital transaction protocol with built-in identity features.

      VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook FOR ID on DEC. 30, prior to the recent price rise.

      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 seen in the chart above, the VORTECS™ Score for ID began to pick up on Dec. 30 and reached a HIGH score of 70 around 44 hours before the price began to increase by 115% over the next three days.

      The climbing price of ID comes as the Everest project is in the process of rolling out bridges connecting EverChain with multiple blockchain networks including Polygon, BINANCE SMART Chain, Avalanche and Solana.

    PAC Protocol rolls out data storage accounts

      The PAC Procotol, a next-generation blockchain masternode network that has more than 18,000 active nodes, saw its token price increase 36% over the past 24-hours.

      Data from Cointelegraph Markets Pro and CoinGecko shows that after HITting a low of $0.002 on Dec. 31, the price of PAC climbed 79% to hit a daily high at $0.00359 on Jan. 3 as its 24-hour trading volume spiked by 50%.

      The building momentum for PAC comes as the project has begun rolling out the beta version of its yanDNA™ data storage accounts and is offering 5 gigabytes of free storage for early adopters.

      Related: Third-largest WHALE celebrates Bitcoins birthday with 456 BTC buy

    Ravencoin celebrates its 4 year anniversary

      Ravencoin, a blockchain network specifically designed to efficiently handle the transfer of assets from ONE party to another, has seen its price spike 34% over the past 24-hours.

      VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ID on Dec. 30, prior to the recent price rise.

      As seen in the chart above, the VORTECS™ Score for RVN began to pick up on Dec. 29 and climbed to a high of 87 on Dec. 30, around 15 hours before the price increased 45.5% over the next FOUR days.

      The bullish move for RVN comes as the project is celebrating the four-year anniversary of its official launch and now looks to pivot to developing the “next generation of financial technology for Wall Street on Ravencoin” while also expanding its NFT capabilities.

      The overall cryptocurrency market cap now stands at $2.253 trillion and Bitcoins dominance rate is 39.4%.

      The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.

    Article involves exchange