Altcoins surge after Bitcoin price rebounds from key moving average


The cryptocurrency market started slowly on August 19 Negotiations for the Fed to withdraw from the stimulus plan Put pressure on the global financial market, but with Bitcoin (Bitcoin) The bulls finally managed to break through the $46,000 level.

Although most altcoins warmed slowly on Thursday, due to major protocol upgrades and exchange listings, some altcoins led the gains, rising by more than 20%.

The top 7 tokens with the largest price changes in 24 hours. source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and Transaction view Voyager Token (VGX), SwissBorg (CHSB) and Energy Web Token (EWT) showed the biggest gains in the past 24 hours.

Voyager 2.0 excites investors

VGX is the native token of the Voyager platform, which is a cryptocurrency broker that provides trading services for retail and institutional investors.

VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, the bullish outlook for VGX began to be discovered on August 16.

Cointelegraph’s unique VORTECS™ score is an algorithmic comparison of historical and current market conditions. These data points include a combination of market sentiment, trading volume, recent price changes, and Twitter activity.

VORTECS™ score (green) and VGX price. source: Cointelegraph Markets Pro

As shown in the figure above, VGX’s VORTECS™ score turned green on August 15 and climbed to a high of 85 on August 16, approximately 46 hours before the price rose by 100% the next day.

With the ongoing token exchange between VGX and the platform and the upgrade to Voyager 2.0, the project is exciting.

SwissBorg skyrocketed after listing on the new exchange

SwissBorg is another platform that focuses on wealth management. It provides a community-centric environment where users can exchange and store their encrypted assets.

Data from Cointelegraph Markets Pro CoinGecko shows that after hitting a low of US$0.714 on August 18, the price of CHSB soared 35% to an intraday high of US$0.973, and its 24-hour trading volume soared 445% to US$16.1 million.

CHSB/USDT 1-hour chart. source: Coin Tiger

The sudden increase in the momentum of the project is that CHSB tokens have been Listed It was launched on the Bitfinex exchange on August 18th. The growing ecosystem is reflected in the recent Enlightenment The SwissBorg community now has 450,000 verified users.

related: The adoption of stablecoins and the future of financial inclusion

Energy Web Token pledge to attract users

After the project launched the new staking function, the price of Energy Web Token is also rising today.According to the data from Cointelegraph Markets ProFor some time, EWT’s market conditions have been favorable.

VORTECS™ score (green) and EWT price. source: Cointelegraph Markets Pro

As shown in the figure above, EWT’s VORTECS™ score began to rise on August 13 and reached a high of 77 on August 14, approximately 84 hours before the price rose by 33% the next day.

As it continues, interest in the project has begun to rise series A discussion led by team members explained different aspects of the agreement, including pledges and the “switchboard” user interface.

The overall cryptocurrency market value is now $1.954 trillion, and Bitcoin’s dominance rate is 43.9%.

The views and opinions expressed here only represent the views of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading action involves risk, and you should conduct your own research when making a decision.