Cryptocurrency investors are starting to feel a sense of hope once again on Jan. 26, as the broader crypto market is in the green and Bitcoin (BTC) is trading near $38,000. Even with the breakout, traders are urging caution ahead of the Federal Open Market Committee meeting, where the Federal Reserve is expected to reveal plans to raise interest rates.
As bullish sentiment begins to return, several altcoin projects have seen their prices surge more than 41% as buyers of the dip sought to secure a position ahead of a potential market rally.
Data from Cointelegraph Markets Pro and TradingView shows that the tokens that rose the most in the last 24 hours were Frontier (FRONT), Decentral Games (DG), and Quantstamp (QSP).
Frontier is listed on Bithumb
Frontier is a chain-agnostic decentralized finance aggregator designed to allow users to store, earn, trade, and invest in crypto assets across multiple blockchain networks from a single interface.
VORTECS™ data from Cointelegraph Markets Pro began detecting a bullish outlook for FRONT on Jan. 24, prior to the recent price rally.
Exclusive to Cointelegraph, the VORTECS™ Score is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trade volume, recent price movements, and online activity. Twitter.
As seen in the chart above, FRONT’s VORTECS™ Score surged into the green zone on Jan 23 and peaked at 86 on Jan 24, some 33 hours before the price shot up 100% the next day. .
The price increase for FRONT comes as the token has been listed on South Korean cryptocurrency exchange Bithumb.
Decentral Games Launches ICE Poker
Decentral Games is a “play-to-earn” gaming protocol that offers users the opportunity to earn a living through incentivized gaming, self-custody, and the delegation of metaverse assets that deliver returns.
Data from Cointelegraph Markets Pro and CoinGecko shows that the price of DG is up 55% from a low of $0.236 on Jan 25 to a daily high of $0.366 on Jan 26.
The DG price increase comes as the ICE poker game protocols beta is already live and allows users to create avatars and win money at an ICE poker room.
Quantstamp services are in high demand
Blockchain security and code audit provider Quantstamp saw the price of its token rise 66% on Wednesday to a daily high of $0.357.
VORTECS™ data from Cointelegraph Markets Pro began detecting a bullish outlook for QSP on Jan. 23, before the recent price rally.
As seen in the chart above, QSP’s VORTECS™ Score rose to a high of 73 on January 23, some 10 hours before the price staged a 69% rise over the next two days.
QSP’s price hike follows a series of audits conducted by the Quantstamp team for multiple projects, including decentralized code exchange CasperSwap and NFT marketplace MakersPlace.
Total cryptocurrency market capitalization currently stands at $1.734 trillion and Bitcoin dominance rate is 41.8%.
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