Altcoins take the next leg up as the total crypto market cap tops $2.63 trillion

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Crypto markets are in an absolute state of euphoria after Bitcoin (BTC) caught a bid and hit a new all-time high at $67,000

Bitcoin’s surge to $67,000 additionally helped to spark double-digit positive aspects for a number of altcoins because the age-old adage of a rising tide lifting all boats seems to be in full impact.

High 7 cash with the best 24-hour worth change. Supply: Cointelegraph Markets Pro

Information from Cointelegraph Markets Pro and TradingView reveals that the most important gainers over the previous 24 hours had been OriginTrail (TRAC), Kadena (KDA) and Cartesi (CTSI).

OriginTrail makes a transfer

OriginTrail is a protocol that operates on the Ethereum (ETH) community and makes a speciality of harnessing blockchain expertise to enhance logistics and provide chain administration.

In keeping with information from Cointelegraph Markets Pro, market circumstances for TRAC have been favorable for a while.

The VORTECS™ Rating, unique to Cointelegraph, is an algorithmic comparability of historic and present market circumstances derived from a mixture of information factors together with market sentiment, buying and selling quantity, current worth actions and Twitter exercise.

VORTECS™ Rating (inexperienced) vs. TRAC worth. Supply: Cointelegraph Markets Pro

As seen within the chart above, the VORTECS™ Rating for TRAC started to select up on Oct. 19 and reached a rating of 72 round one hour earlier than the worth elevated 48% over the subsequent day.

The spike in worth for TRAC comes because the undertaking is within the means of rebranding its picture because the “world’s first decentralized data graph” and has been collaborating with Dr. Bob Metcalfe as a part of its advisory board.

Kadena undergoes a revamp

Kadena, an enterprise-focused blockchain undertaking, has seen a wholesome worth breakout over the previous 24 hours as momentum throughout the market elevated.

Information from Cointelegraph Markets Pro and TradingView reveals that after hitting a low at $2.60 on Oct. 19, the worth of KDA reversed course and surged 33.65% to an intraday excessive at $3.47 on Oct. 20 following a spike it’s its 24-hour buying and selling quantity.

KDA/USDT 4-hour chart. Supply: TradingView

The rise within the worth of KDA comes following a revamp of the undertaking’s web site and partnership with Immutable Information that goals to deliver a completely functioning nonfungible token market to the Kadena community.

Cartesi bridges to Avalanche

Cartesi is a blockchain protocol targeted on integrating the normal instruments utilized by the developer neighborhood with decentralized instruments that can assist to evolve sensible contracts and make them extensively accessible to all.

Information from Cointelegraph Markets Pro and TradingView reveals that the worth of CTSI has rallied 51% from a low of $0.70 on Oct. 19 to an intraday excessive at $1.07 as its 24-hour buying and selling quantity spiked 587% to $288 million.

CTSI/USDT 4-hour chart. Supply: TradingView

The spike within the worth of CTSI comes because the undertaking introduced the launch of a bridge to the Avalanche community and prepares for its mainnet launch, which is able to embody delegated staking.

The general cryptocurrency market cap now stands at $2.637 trillion and Bitcoin’s dominance price is 47.5%.

The views and opinions expressed listed here are solely these of the writer and don’t essentially mirror the views of Each funding and buying and selling transfer entails threat, you must conduct your personal analysis when making a call.