SHIB, RGT and AMPL shake off Fed taper comments by notching double-digit gains

Volatility reared its ugly head for a second day after growing fear of the new Omicron COVID-19 variant and the Federal Reserve’s admission that an earlier-than-expected adjustment to its bond-buying program continues to impact global stock markets. These concerns appear to have had an impact on Bitcoin’s price. This morning, it fell from $59,175, its intraday high, to $55,875.

However, it’s not all bad news, as many altcoins have seen notable gains in the last 24 hours.

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

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

Shiba Inu unveils gaming and Metaverse plans

Shiba Inu, a meme currency that runs on Ethereum (ETH), has gained popularity by embracing emerging trends such as nonfungible tokens and decentralized financing (DeFi) over the course 2021.

Data from Cointelegraph Markets Pro showing a bullish outlook on SHIB, VORTECS(tm), began to be detected on Nov. 29, before the recent price increase.

Cointelegraph’s exclusive VORTECS(tm), Score is an algorithmic comparison between historical and current market conditions. It is based on a combination data points, including trading volume, market sentiment and recent price movements, and tweet activity.

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

The chart shows that while the VORTECS(tm), Score for SHIB has remained fairly flat over the past week. However, the NewsQuakes(tm), alert system from Cointelegraph Markets Pro posted three updates about 15 hours before the price rose by 42% the following day.

SHIB’s price surge comes after the token was listed on Kraken and the announcement that Shiba inu has partnered with William Volk (the former vice presidence of technolog at Activision) to create games for the project’s ecosystem and venture into the Metaverse.

Related: Shiba inu gains more than 30% in 2 days after Kraken announces SHIB listing

Rari Capital has $1.5 billion worth

The Rari governance token, also known as Rari Capital’s native token, is a DeFi robo-advisor (non-custodial DeFi) that allows users to earn an independent yield from their crypto holdings.

Data from Cointelegraph Markets Pro VORTECS(tm), began to detect a bullish outlook on RGT on Nov. 25, before the recent price increase.

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

The chart shows that the VORTECS(tm), Score for RGT spiked to the green zone. It reached a peak of 77 on Nov. 25 at around 78 hours after the price increase of 51.5% in the following two days.

RGT rallies as protocol surpasses $1.5 billion in total value. Nexus Mutual (NXM), a shield mining campaign, launched where NXM stakers will be able to earn RGT for their staking activities.

A wrapper is added by mpleforth

Ampleforth, a rebase project on Ethereum, uses an algorithmically adjusted circulation supply. It aims to serve as the base money for a decentralized economic system that is not affected by the price action of other cryptocurrency.

Data from TradingView and Cointelegraph Markets Pro shows that AMPL prices have risen 87.5% since hitting a low at $0.75 on Nov. 22 and a high of $1.41 on November 30.

AMPL/USDT 4-hour chart. Source: TradingView

This rally is likely to be related to the release wAMPL, a wrap version of AMPL that doesn’t rebase and can be used more easily throughout the DeFi ecosystem.

The total cryptocurrency market is now worth $2.613 trillion, and Bitcoin’s dominance rate at 41.1%.

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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