Sunday, October 2

Frontier, Ren and Keep Network Make 20% Profit as Bitcoin Claims $ 48K


Bitcoin’s (BTC) surge above the $ 48,000 mark was rebounded by similar altcoin moves and analysts expect the market-wide rally to continue if the top-ranked digital asset can target the $ 50,000 resistance level.

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 beneficiaries in the last 24 hours were Frontier (FRONT), Ren (REN) and Keep Network (KEEP).

Launch of Frontier’s Cross-Chain App Excites the Community

Frontier is a decentralized finance (DeFi) aggregator that focuses on offering support for Ethereum, Binance Smart Chain, and Harmony blockchain.

VORTECS ™ data from Cointelegraph Markets Pro began to detect a bullish outlook for FRONT on September 11, ahead of the recent price spike.

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. FRONT price. Source: Cointelegraph Markets Pro

As seen in the graph above, the VORTECS ™ score for FRONT turned green on September 11 and rose to a high of 80 around 34 hours before its price increased 66% over the next two days.

The sudden increase in the price of FRONT occurred after the project Announced the upcoming release of version 2 of the Frontier app, which allows users to link all their cryptocurrency wallets through integration with wallet connect.

Ren moves towards full decentralization

Ren is an open protocol designed to facilitate interoperability and liquidity between different blockchains and offers one of the most widely used solutions to integrate Bitcoin with the growing DeFi ecosystem.

VORTECS ™ data from Cointelegraph Markets Pro began to detect a bullish outlook for Ren on September 14, ahead of the recent price surge.

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

As seen in the graph above, the VORTECS ™ score for REN began to climb into the green zone on September 13 and rose to a high of 71 on September 14, just as the price was beginning to increase by 40% during the next. day.

The build push for REN comes after the September 13 announcement that the RenVM testnet has integrated Greycore, a suite of semi-decentralized validators that will help the Ren ecosystem get closer to its goal of fully decentralizing.

Related: MicroStrategy’s Bitcoin Treasury Exceeds Cash Held by 80% of Nonfinancial S&P 500 Companies

Keep Network launches a new DAO proposal

The third biggest winner in the 24-hour chart is Keep Network, a protocol comprised of off-chain containers for private data known as “maintains” that combine to create an “incentivized” network to store encrypted private data on a chain. of public blocks.

Cointelegraph Markets Pro data and TradingView shows that after hitting a low of $ 0.38 on September 13, KEEP’s price rose 45% to an intraday high of $ 0.55 on September 15 as its 24-hour trading volume skyrocketed 250% to $ 80 million.

KEEP / USDT 4-hour chart. Source: TradingView

The increase in the price of KEEP occurs as a protocol released a DAO proposal that aims to combine the NuCyper and Keep communities into one governance platform.

The overall cryptocurrency market capitalization is now $ 2.182 trillion and Bitcoin’s dominance rate is 41.6%.

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.