Sunday, October 2

CELO, Fantom and Keep3rV1 recover after the launch of liquidity mining programs


The cryptocurrency market is once again waiting for some kind of catalyst for prices to move and this week started with the market moving sideways as Bitcoin struggles to find its equilibrium near $ 48,000.

Several altcoins have managed to shake off the general market malaise and post impressive gains, giving credit to Cointelegraph’s Markets Pro data intelligence service, which now indicates that peak season has arrived.

Top 7 currencies with the highest price change in 24 hours. Source: Cointelegraph Markets Pro

Cointelegraph Markets Pro data and TradingView shows that the biggest winners in the last 24 hours were Celo (CELO), Fantom (FTM) and Keep3rV1 (KP3R).

Celo launches a “DeFi for people” initiative

The main winner in the last 24 hours was Celo, a blockchain ecosystem that is focused on increasing cryptocurrency adoption among smartphone users as a way to help increase global financial inclusion.

VORTECS ™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CELO on August 29, ahead of the recent price surge.

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 trading activity. Twitter

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

As seen in the chart above, CELO’s VORTECS ™ score turned green on August 29 and peaked at 75 around 20 hours before its price soared 170% over the next day.

CELO’s sudden price spike came after the launch of a $ 100 million “DeFi for the People” initiative by Celo in conjunction with multiple partners including AAVE, SushiSwap, Curve, 0x, and PoolTogether. The initiative is based on the Celo blockchain and seeks to harness the decentralized nature of the blockchain ecosystem to help increase financial inclusion for the world’s 6 billion mobile phone users.

Fantom’s liquidity mining program attracts investors

Fantom is a layer one smart contract platform that uses a targeted acyclic graphical architecture to attempt to solve common problems faced by other blockchain networks, including slow transaction speeds and high costs.

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

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

As seen in the chart above, the VORTECS ™ score for FTM began to rally on August 28 and rose to a high of 70 on August 29, about four hours before the price rose 80% the following day. .

Increased interest in FTM occurred after August 30 ad of a 370 million FTM incentive program for builders, protocols and teams that connect assets with the Fantom blockchain and engage with the ecosystem.

Related: Regulatory Recommendation: Crypto Task Forces Push For Adoption

Keep3rV1 meets after a protocol update

Keep3rV1 is a kind of decentralized job board that is designed to help projects that need external development operations to connect with people or organizations that can provide the required services.

VORTECS ™ data from Cointelegraph Markets Pro began to detect a bullish outlook for KP3R on August 25, ahead of the recent price surge.

VORTECS ™ score (green) vs. KP3R price. Source: Cointelegraph Markets Pro

As seen in the graph above, the VORTECS ™ score for KP3R began to rebound on August 24 and peaked at 75 on August 25, around 48 hours before its price began to increase by 93% during the next three days.

The momentum of the project is on the rise following the launch of the expansion and consolidation of Keep3r, which includes liquidity mining options (olm), fixed forex and liquidity incentives v3.

The overall cryptocurrency market capitalization is now $ 2.08 trillion and Bitcoin’s dominance rate is 43.5%.

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 trade move involves risk, you should do your own research when making a decision.