Rari, Telos and Polymath rally as Bitcoin price hits $44K

After media headlines highlighted positive news about adoption and future regulation of the crypto sector, crypto traders breathed a sigh relief on September 30. Visa announced early in the day that it had developed a layer-2-based Blockchain Interoperability Hub that will allow cryptocurrency payments. Jerome Powell, Federal Reserve Chair, stated that the regulator does not intend to ban cryptocurrencies.

Sentiment grew in tandem with positive price action in Bitcoin. At the time of writing, it was up 5.74% and trading at $44,000.

The top 7 coins that saw the largest 24-hour price changes. Source: Cointelegraph Markets Pro

TradingView and Cointelegraph Markets Pro data show that Rari Governance Token, Polymath and Telos were the largest gainers in the last 24 hours.

Rari Capital TVL surpasses $500 million

The Rari Governance token is the native token from Rari Capital, which allows users to control the future direction of the DeFi protocol.

Cointelegraph Markets Pro data shows that RGT market conditions have been favorable for some period.

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 RGT price. Source: Cointelegraph Markets Pro

The chart shows that the VORTECS(tm), Score for RGT, first rose into the green zone on September 25th and then reached an all-time high of 82 on September 28th. This was 33 hours before the price started to rise by 29% the following day.

As the Rari Capital protocol’s total value surpasses $500 million, the RGT price surges as the community celebrates. It is now striving to break the $1 billion mark.

Telos pops as holders expect airdrops

Telos, a blockchain network built on the EOSIO network, focuses on enabling smart contracts for nonfungible tokens. (NFTs), gaming, DeFi and social media.

Cointelegraph Markets Pro data shows that market conditions have been favorable for TLOS for some time.

VORTECS(tm), Score (green), vs. TLOS Price. Source: Cointelegraph Markets Pro

The chart shows that the VORTECS(tm), Score for TLOS has been in the green zone most of the week. It reached a peak of 73 on September 28, just as the price started to rise by 42% in the following two days.

TLOS’s price has risen due to community excitement about the ongoing airdrop for Fortis and Destiny World. This was intended to demonstrate the capabilities of Ethereum Virtual Machine (EVM), as well as the Telos network’s ability to offer a flat price for gas.

Similar: A $1B science fund is looking for blockchain projects to increase human lifespan

Polymath introduces new security tokens

Polymath, a decentralized protocol, operates on Ethereum (ETH). It focuses on creating technology that allows the creation, issuance, and management digital securities on the Blockchain.

Cointelegraph Markets Pro and TradingView data show that POLY’s price rose 51.58% to $0.772 on September 30, after it hit a low point of $0.51 on Sept. 29. It then rose to $0.772 daily on Sept. 30, as its 24-hour trading volume jumped from $21 million to $544 millions.

Chart for POLY/USDT 4 hours Source: TradingView

As the Polymath network continues to grow and improve its capabilities, the POLY developers have seen a significant increase in trading volume and price for POLY. Meanwhile, RedSwan and its marketplace for commercial real estate launches on the Polymath network.

The total cryptocurrency market is now worth $1.91 trillion, and Bitcoin’s dominance rate of 42.7%.

com. You should do your research before making any investment or trading decision.

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Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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