Altcoins soar as bitcoin bulls gain strength to attack $ 48,000

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The cryptocurrency market went full throttle on Aug. 11 as the price of Bitcoin (BTC) climbed to $ 46,743 and the bulls are now targeting the $ 48,000 resistance level as their next target.

Data from Cointelegraph Markets Pro and TradingView shows that the biggest winners over the past 24 hours have been IoTeX (IOTX), WINk (WIN) and Dent (DENT).

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Top 7 coins with the highest 24 hour price change. Source: Cointelegraph Markets Pro

The Coinbase listing bump for IOTX continues

IoTeX (IOTX) continued its hot streak on Wednesday as Altcoins took the position of top 24-hour winners for the third year in a row. The gains appear to be related to the August 11th announcement that Coinbase will list the token.

Data from Cointelegraph Markets Pro shows the altcoin is up 322% from its low of $ 0.0293 on August 10th. The current surge took IOTX to a new all-time high of $ 0.124 on August 11, when its 24-hour trading volume hit $ 2.75 billion.

Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for IOTX on August 10, 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 such as market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS ™ Score (green) vs. IOTX price. Source: Cointelegraph Markets Pro

As can be seen in the graph above, the VORTECS ™ Score for IOTX soared, hitting a high of 70 on August 10, about five hours before the price rose 322% the next day.

WIN / USDT

WINk, a Tron-based oracle project, had the second largest win in the past 24 hours. The likely trigger for the move is the growing community excitement about new opportunities for staking and liquidity providers, as well as the project’s gaming and non-fungible token features.

Data from TradeView shows that WIN’s price rose 80% from a low of $ 0.00046 on August 10th to an intraday high of $ 0.00084 on August 11th while the 24-hour trading volume increased Has increased by 343%.

WIN / USDT 4-hour chart. Source: TradingView

The WINkLink protocol has now completed its transition from an exclusively games-oriented platform to a comprehensive Oracle system that is able to connect real data via its smart contracts.

Related: The downturn in the US dollar is helping Bitcoin bulls ahead of the BTC price showdown of $ 50,000

DENT / USD

Dent, a mobile-centric protocol, completed the top three performers in the past 24 hours by posting a 30.5% increase to $ 0.000456 while 24-hour trading volume increased 200%.

VORTECS ™ data from Cointelegraph Markets Pro began to see a bullish outlook for DENT on August 7, ahead of the recent price hike.

VORTECS ™ Score (green) vs. DENT price. Source: Cointelegraph Markets Pro

As can be seen in the graph above, the VORTECS ™ Score for DENT climbed into the green on August 7th, reaching a high of 75 on August 9th, about 44 hours before the price rose 44% the next day started.

The total market cap of the cryptocurrency is now $ 1.935 trillion and the dominance of Bitcoin is 45%.

The views and opinions expressed are those of the author only and do not necessarily reflect the views of Cointelegraph.com. Every step of investing and trading involves risk, so you should do your own research when making a decision.