Altcoins are selling out while listings boost COTI and Conflux Network

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Bears pushed the market harder on Aug 26 after Bitcoin (BTC) continued its retreat to an intra-day low of $ 46,250 and altcoins posted near double-digit losses.

While most of the market is turning red, some altcoins have made notable gains due to listings and new staking opportunities.

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

Data from Cointelegraph Markets Pro and TradingView shows that the biggest winners over the past 24 hours have been COTI, XYO Network (XYO) and Conflux Network (CFX).

COTI rallies after being listed on Coinbase

The top performing coin in the past 24 hours was COTI, an enterprise-class fintech platform focused on decentralized payments.

Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for COTI on August 22, 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. COTI price. Source: Cointelegraph Markets Pro

As can be seen in the graph above, the VORTECS ™ Score for COTI turned solid green on August 22nd and climbed to a high of 79 on August 25th, about two hours before the price rose 81% the next day.

The momentum for COTI came after it was announced that the token would be listed on Coinbase Pro and Huobi, two of the largest cryptocurrency exchanges by daily trading volume.

XYO volume jumps

The XYO network consists of a network of devices that anonymously collect and validate data with a geographical component (geographical). All data received from the tracking devices in the network is stored in the XYO blockchain.

Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for XYO on August 21, ahead of the recent price hike.

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

As can be seen in the graph above, the VORTECS ™ Score for XYO climbed into the green on August 21, hitting a high of 72, about 67 hours before rising 36% over the next two days.

Related: Forget lambos, NFTs are the new crypto status symbol

Conflux Network is expanding its NFT ecosystem

The Conflux Network is a public, license-free blockchain network that aims to bridge the communities and economies of Asian and Western societies to facilitate the secure and interoperable flow of assets and data.

Data from Cointelegraph Markets Pro and TradingView show that after hitting a low of $ 0.269 on August 25, the price of CFX rose 40% to an intraday high of $ 0.377 on August 26, while the 24- Hourly trading volume rose 242% to $ 66 million.

CFX / USDT 4 hour chart. Source: TradingView

The sudden surge in price comes as the CFX ecosystem works to build its NFT ecosystem, and the token also appears to have benefited from its recent listing on the Mexo and Tokocrypto exchanges.

The total market cap of the cryptocurrency is now $ 1.993 trillion, and the dominance rate of Bitcoin is 41.2%.

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