After the Dec. 3 market downturn, the cryptocurrency market rebounded and is now in good spirits. Bulls currently aim to push the price of Bitcoin (BTC) above the $52,000 resistance/support level. Ether (ETH is trying to reclaim $4,000. Both assets are facing resistance at overhead.
Altcoins have enjoyed gains of over 50% in the last 24 hours despite BTC and ETH consolidating.
The top 7 coins that saw the largest 24-hour price changes. Source: Cointelegraph Markets Pro
Cointelegraph Markets Pro and TradingView data show that SuperFarm (SUPER), PolkaBridge, and BitTorrent were the top gainers in the last 24 hours.
Coinbase lists SuperFarm as a member
SuperFarm, a cross-chain protocol, combines Decentralized Finance (DeFi), and Nonfungible Tokens (NFTs), to create an environment where NFT creators can trade in an open market.
Cointelegraph Markets Pro and TradingView data show that SUPER’s price soared 81% after it hit a low of $1.02 Dec. 6. It then climbed to $1.81 Dec. 7. The SUPER 24-hour trading volume jumped 500% to $323 Million.
SUPER/USDT 4-hour chart. Source: TradingView
SUPER’s price has risen after it was listed on Coinbase with Spell Token and PolkaStarter (POLS).
Coinbase adds “ETH2” despite tomorrow’s Ethereum upgrade postponing difficulty Bomb
PolkaBridge opens registration for IDOs
PolkaBridge, a decentralized multichain protocol, is designed to act as the primary link between Polkadot’s networks. The platform supports an all-in one platform, which includes an automated market maker, (AMM), with lending, farming, prediction markets, token launchpads and an NFT marketplace.
Cointelegraph Markets Pro and TradingView data show that PBR prices soared 99.4% after hitting a low of $0.85 Dec. 6. They then climbed to $1.71 Dec. 7, as the 24-hour trading volume increased by 80% to $10.2million.
This rapid turnaround in PBR prices is due to the platform opening registration for several upcoming initial, decentralized exchange offerings. To qualify for an allocation, users must stake at least 10,000 PBR tokens.
BitTorrent is ready for its mainnet launch
BitTorrent, a peer-to-peer file-sharing and torrent platform, has made a shift to a more decentralized design in the last couple of years since being integrated with Tron.
Data from Cointelegraph Markets Pro showed that VORTECS(tm), a data service of Cointelegraph Markets Pro, began to show a bullish outlook on BTT in December 4, before the recent price increase.
Cointelegraph’s exclusive VORTECS(tm), Score is an algorithmic comparison between historical and current market conditions. It is derived from a combination data points, including trading volume, market sentiment and recent price movements, as well as Twitter activity.
VORTECS(tm), Score (green) vs. the BTT price. Source: Cointelegraph Markets Pro
The chart shows that the VORTECS(tm), Score for BTT rose into the green zone on December 4 and hit a peak of 82 just 29 hours later. This was before the price surged 75% the following day.
As the BitTorrent Chain prepares to launch the BitTorrent Chain mainnet, the momentum is building for BTT. Current BTT holders will be able to receive 1,000 new BTT tokens per old BTT in their wallets.
The total cryptocurrency market is now worth $2.384 trillion. Bitcoin’s dominance rate at 40.7%.
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Eileen Wilson –Technology and Energy
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