Traders and the market in general are extremely optimistic today, October 15, after rumors and a variety of documents suggest that the path to approval for a Bitcoin ETF has fewer hurdles ahead.
After the positive news, Bitcoin (BTC) price came very close to touching $ 63,000 for the first time since April and various altcoins secured triple-digit gains.
Data from Cointelegraph Markets Pro and TradingView shows that the tokens with the highest gains in the last 24 hours were NuCypher (NU), Keep Network (KEEP) and Orchid (OXT).
NuCypher partners with Keep Network
NuCyper is a protocol focused on creating decentralized encryption, access control and key management system services for public blockchain networks, offering end-to-end encrypted data exchange and decentralized storage solutions.
Data from Cointelegraph Markets Pro and TradingView shows that, After reaching a minimum of USD 0.283 in the first hours of the trading day on October 15, the price of NU catapulted 535% to reach an intraday maximum of USD 1.80, while its daily commercial volume shot up 19.440% to USD 2,152 million.
The increase in price and volume of NU trade comes as the project helped facilitate the launch of tBTC v2 on Keep Network which is designed to “extend the censorship resistance properties of Bitcoin to all networks that can interoperate with Ethereum (ETH)”.
Censorship Resistance Comes to the Ethereum Network
Keep Network is a protocol designed to deliver a privacy-focused infrastructure on public blockchain networks through the creation of an incentivized network to store and encrypt private data.
VORTECS ™ data from Cointelegraph Markets Pro began to spot a bullish outlook for KEEP on October 12, ahead of the recent price spike.
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, trade volume, recent price movements and activity in Twitter
As seen in the chart above, KEEP’s VORTECS ™ score began to rebound on October 12 and climbed to a high of 75 just before the price rose 585% the following day.
KEEP’s increased momentum came alongside NU’s price increase as the two projects collaborated to launch tBTC v2 on the Keep network.
Blockchain-based VPN service drives Orchid’s price
Orchid is a cryptocurrency-powered virtual private network (VPN) that describes itself as “the world’s first peer-to-peer-incentivized privacy network.”
VORTECS ™ data from Cointelegraph Markets Pro began to spot a bullish outlook for OXT on October 12, ahead of the recent price rally.
As you can see from the graph above, OXT’s VORTECS ™ score jumped into the green zone on October 12 and peaked at 75 on October 14, about 15 hours before its price soared 82% the next day.
A look at the project’s Twitter account points to an increased focus on privacy concerns as the momentum behind Friday’s rally, which aligns with both Nu and KEEP’s top goals, suggesting that the privacy sector privacy-related projects could be starting to attract more attention.
Total cryptocurrency market capitalization currently stands at $ 2.482 trillion and Bitcoin’s dominance index is 46.6%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Each investment and commercial movement involves risks, you must do your own research when making a decision.
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