The broader cryptocurrency market came under pressure on October 4th as the momentum generated by Bitcoin’s (BTC) weekend surge above $ 49,000 was overshadowed by more global concerns related to the global financial system, rising inflation, and supply chain challenges.
Despite these struggles, many altcoins managed to bounce back and at the time of writing, the crypto gaming and decentralized finance sectors are growing in popularity.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest winners over the past 24 hours have been Axie Infinity (AXS), PowerPool (CVP) and Polkastarter (POLS).
Axie Infinity releases new character details
Axie Infinity is a blockchain-based fighting and collecting game that was one of the breakout stars of 2021, not only boasting an excellent rally of 5,000%, but also helping to bring the general public closer to the possibilities of play-to-earn to bring games and related income opportunities.
According to data from Cointelegraph Markets Pro, market conditions have been favorable for AXS for some time.
The VORTECS ™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, current price movements and Twitter activity.
As can be seen in the graph above, the VORTECS ™ Score for AXS began rising on October 2nd and climbed into the dark green zone on October 3rd, just an hour before its price rose 51% the next day.
The October 4th price hike came when a live chat with the developers behind the project leaked some new details on upcoming updates, including adding Axie scores for each character, adding new skills and effects to the gameplay.
Related: Is the Axie Infinity overheating? AXS price hits record high after 100% QTD rally
Power pool lists on Binance
PowerPool is a decentralized financial protocol that specializes in helping users build governance power over Ethereum-based protocols through the creation of token pools and community voting.
Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for CVP on September 29, ahead of the recent price hike.
As can be seen in the graph above, the VORTECS ™ Score for CVP climbed into the green on September 29, hitting a high of 74 approximately two days before the price began to climb 60% over the next three days.
The rise in price for CVP is due to the fact that the project was listed on the Binance cryptocurrency exchange and added to the Binance Smart Chain.
Polka starter v2 starts
Polkastarter is a protocol in the Polkadot ecosystem that provides an easy-to-use launchpad for early-stage blockchain projects to start token pools and auctions to raise funds and distribute their tokens.
Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for POLS on October 2nd, ahead of the recent price hike.
As can be seen in the graph above, the VORTECS ™ Score for POLS began to rise on October 2nd, hitting a high of 74 around 29 hours before rising 23% the next day.
The price hike of POLS comes when the project released Polkastarter v2 for the community, which includes updates to the dashboard and the ability to put POLS on Ethereum or the Binance Smart Chain.
The total market cap of the cryptocurrency is now $ 2.141 trillion and the dominance of Bitcoin is 42.8%.
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