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Bullish sentiment returned to the cryptocurrency ecosystem on October 1 after a 10% surge in the price of Bitcoin (BTC) lifted it above the $47,500 level and led the liquidation of more than 270 million dollars in short positions.

The altcoin market quickly followed suit with a majority of tokens in the top 200 posting double-digit gains for the day.

Top 7 coins with the highest price change over 24 hours. Source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers in the past 24 hours have been Oasis Network’s ROSE token, Axie Infinity Shards (AXS) and Icon’s ICX token.

Lure of Privacy Draws Merchants to Oasis Network

Oasis Network is a privacy-enabled blockchain designed for open finance and building a responsible data economy.

VORTECS™ data from Cointelegraph Markets Pro began detecting a bullish outlook for ROSE on September 30, ahead of the recent price rally.

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. .

VORTECS™ score (green) vs. PINK price. Source: Cointelegraph Markets Pro

As shown in the chart above, the VORTECS™ score for ROSE started rising on September 29 and hit a high of 74 on September 30, about three hours before the price rose 60% in the two following days.

ROSE’s price surge comes as Ethereum-enabled networks that offer better scalability gain prominence with the Oasis network, outperforming many competitors with its built-in privacy features.

Axie Infinity launches staking and sends airdrops to early adopters

Axie Infinity is a blockchain-based fighting game that allows players to collect, breed, breed, battle, and trade token-based creatures known as Axies, and earn a returned in the process.

According to data from Cointelegraph Markets Pro, market conditions for AXS have been favorable for some time.

VORTECS™ score (green) versus AXS price. Source: Cointelegraph Markets Pro

As shown in the chart above, the VORTECS™ score for AXS hit the dark green zone on September 26 and hit a high of 87 around 35 hours before the price started to rise 55% over the three days. following.

The AXS price spike comes following the implementation of staking capabilities for AXS holders as well as a community airdrop that distributed 800,000 AXS tokens to early adopters of the game.

Related: NFT Trading Game Axie Infinity Launches AXS Staking Program

ICX mobilizes ahead of its mainnet upgrade

Icon is a general-purpose blockchain protocol and aggregation chain designed to host decentralized applications and facilitate interoperability between separate networks.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $1.38 on September 29, ICX’s price rose 45% to a daily high of $1.93 on October 1, as its 24-hour trading volume soared 385% to $362 million.

ICX/USDT 4 hour chart. Source: Trading View

The ICX price hike comes after the release of wrapped ICX, which is ERC-20 compliant and can be used interoperably with decentralized finance on Ethereum. The upgrade is part of the final protocol preparation before the Icon 2.0 mainnet upgrade is implemented.

The overall cryptocurrency market capitalization now stands at $2.079 trillion and Bitcoin’s dominance rate is 43%.

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