Small-cap altcoins send bullish signal even as Bitcoin revisits $42.5K


Following Bitcoin (bitcoin) long is Their bid was outright rejected Pushing the price above $44,000. This resulted in a sudden sell-off that pushed the price back to highs of $42,000.

While Bitcoin and many other large-cap cryptocurrencies faced struggles by midday, a few smaller altcoins managed to grapple with notable gains.

Top 7 coins with the highest 24-hour price change. source: Cointelegraph Market Pro

data from Cointelegraph Market Pro and Transaction view The three that show the biggest gains over the past 24 hours are Cream Finance (CREAM), Electroneum (ETN), and Rari Governance Token (RGT).

CREAM token holders are eligible for Iron Bank tokens

DeFi lending protocol Cream Finance led the altcoin market with gains of more than 35% after 24-hour trading volume surged 365% to $75.2 million.

data from Cointelegraph Market Pro and Transaction view After falling to a low of $37.10 on Jan. 10, the price of CREAM surged 112% to a daily high of $78.65 on Jan. 13, as its 24-hour trading volume jumped 351% to $75.3 million.

CREAM/USDT 4-hour chart. Source: TradingView

The price surge comes after it was announced that CREAM token holders can now earn the upcoming Iron Bank token by staking their CREAM on the protocol for an extended lock-up period.

Electroneum focuses on the gig economy

Phone-based cryptocurrency platform Electroneum’s native ETN token price surged 75% to $0.0134 over the past day, with its 24-hour trading volume up 1,552%.

VOLTECS™ data from Cointelegraph Markets Pro started to detect a bullish outlook for ETN on January 11, ahead of the recent price rally.

Cointelegraph’s exclusive VORTECS™ score is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price action and Twitter activity.

VOLTECS™ score (grey) and ETN price. source: Cointelegraph Market Pro

As shown in the chart above, ETN’s VOLTECS™ score hit a high of 70 on January 11, and about four hours later the price surged 77.5% over the next two days.

The sudden spike in ETN’s trading volume and price comes as the project refocuses its efforts on marketing its AnyTask™ freelancer platform. This also helps improve ETN’s VOLTECS™ score, which is 80 at the time of writing.

related: Bitcoin Cycle Far From Over, Miners Are Involved For Long: Fidelity Report

Rari Capital adds new fuse pool

Rari Capital is a non-custodial DeFi robo-advisor that enables users to earn autonomously from their crypto assets and utilize RGT to vote on the governance of the protocol.

VOLTECS™ data from Cointelegraph Markets Pro began detecting a bullish outlook for RGT on Jan. 9 ahead of the recent price surge.

VOLTECS™ score (green) and RGT price. source: Cointelegraph Market Pro

As shown in the chart above, RGT’s VORTECS™ score climbed into the green zone on January 9 and reached a high of 83 around 21 hours before the price began to rise 60.35% over the next three days.

RGT’s price increase comes after Rari Capital launched several new Fuse pools for popular projects such as OlympusDAO, Babylon Finance, and BadgerDAO.

The overall cryptocurrency market cap is currently at $2.041 trillion, with Bitcoin dominance at 39.8%.

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