Bullish sentiment returned to the cryptocurrency ecosystem on Oct. 1 after a 10% spike in the price of Bitcoin (BTC) lifted it above the $47,500 level and resulted in the liquidation of more than $270 million in short positions.
The altcoin market quickly followed suit with a majority of the tokens in the top 200 registering double-digit gains for the day.
The allure of privacy draws traders to Oasis Network
The Oasis Network is a privacy-enabled blockchain designed for open finance and the creation of a responsible data economy.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ROSE on Sept. 30, prior to the recent price rise.
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.
The spike in price for ROSE comes as Ethereum (ETH) compatible networks that offer better scalability rise in prominence with the Oasis Network outperforming many competitors thanks to its built-in privacy features.
Axie Infinity launches staking and sends airdrops to early adopters
Axie Infinity is a blockchain-based play-to-earn battling game that allows players to collect, breed, raise, battle and trade token-based creatures known as Axies and earn an income in the process.
According to data from Cointelegraph Markets Pro, market conditions for AXS have been favorable for some time.
The surge in price for AXS comes following the implementation of staking capabilities for AXS holders as well as a community Airdrop which distributed 800,000 AXS tokens to early adopters of the game.
Related: NFT trading game Axie Infinity launches AXS staking program
ICON rallies ahead of its mainnet upgrade
ICON is a general-purpose blockchain protocol and aggregator 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 Sept. 29, the price of ICX rallied 45% to a daily high at $1.93 on Oct. 1 as its 24-hour trading volume spiked 385% to $362 million.
The overall cryptocurrency market cap 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.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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