After increasing concerns about the new Omicron Covid-19 variant and the Federal Reserve’s admission that the adjustment of its bond purchase plan earlier than expected continues to affect global stock markets, volatility has risen for the second day in a row. The impact of these concerns seems to have affected the price of Bitcoin. This morning the digital asset fell from an intraday high of $59,175 to a low of $55,875.
For cryptocurrency holders, this is not all bad news, but some altcoins have made significant gains in the past 24 hours.
Shiba Inu reveals the game and Metaverse’s plan
Shiba Inu is a meme coin running on Ethereum (Ethereum) Network and become more and more popular during 2021 by embracing emerging trends such as non-fungible tokens (NFT) and decentralized finance (DeFi).
VORTECS™ data comes from Cointelegraph Markets Pro Prior to the recent price increase, a bullish outlook for SHIB began to be discovered on November 29.
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.
As shown in the graph above, although SHIB’s VORTECS™ score has remained relatively stable over the past week, Cointelegraph Markets Pro’s NewsQuakes™ alert system issued three updates approximately 15 hours before the price rose by 42% the next day.
The price surge of SHIB came after the token’s listing on the Kraken exchange and the news that Shiba Inu and Activision’s former vice president of technology, William Volk, were cooperating to create a game for the project’s ecosystem and enter the Metaverse.
Rari Capital holds USD 1.5 billion
The Rari Governance token is the native token of Rari Capital. Rari Capital is a non-custodial DeFi robo-advisor that enables users to independently earn income from their encrypted assets.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for RGT on November 25, before the recent price increase.
As shown in the graph above, RGT’s VORTECS™ score soared to the green zone and reached a high of 77 on November 25, approximately 78 hours before the price rose by 51.5% in the next two days.
At the time of RGT’s rebound, the total value locked in the agreement exceeded US$1.5 billion, and a new shield mining activity was launched with Nexus Mutual (NXM). NXM equity holders can earn RGT through its staking activities.
Ampleforth added a wrapper
Ampleforth is a rebase project hosted on the Ethereum network. It uses an algorithm-adjusted circulating supply and aims to become the base currency of a decentralized economy that can be decoupled from the price behavior of other cryptocurrencies.
This rally seems to be related to the release of wAMPL, which is a packaged version of AMPL that will not be rebase and can be used more easily in the entire DeFi ecosystem.
The overall cryptocurrency market value is now $2.613 trillion, and Bitcoin’s dominance rate is 41.1%.
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