Swipe, IoTeX and CyberVein lead altcoins higher after Bitcoin hits $46K
The cryptocurrency market has shown a new level of resilience on Aug. 9 as a majority of tokens have managed to maintain recent gains and Bitcoin price hit a new 3 month high at $46,293.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were IoTeX (IOTX), CyberVein (CVT) and Swipe (SXP).
IOTX/USDT
IoTeX (IOTX), a platform focused on the decentralized internet of things, has been the best performer over the past 24-hours with a gain of 27%.
Data from Cointelegraph Markets Pro and TradingView shows that the price of IOTX rallied 53% from a low of $0.0213 in the early trading hours on Aug. 9 to an intraday high at $0.0326.
Excitement for the projection comes following the Aug. 6 launch of ioTube v5 which includes a new cross-chain span with Polygon, an Ethereum (ETH) layer-two solution, that enables two-way token swaps between both protocols.
SXP/USD
Over the past 24-hours the projection Swipe, which focuses on the development of a carte payment infrastructure for the cryptocurrency economy, has seen its token rally past 17.12%.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for SXP on Aug. 8, prior to the recent price ascension.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of celebrated and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen on the nautical chart above, the VORTECS™ Score for SXP climbed into the green zone on Aug. 7 and reached a high of 74 on Aug. 8, around seven hours before its price began to increase 23% over the next twenty-four hour period.
The surge in excitement for the token came post-obit an announcement from Visa that information technology had partnered with Swipe, along with 49 other platforms, in an endeavour "to launch card programs that make it easy to catechumen and spend digital currency at 70 million merchants worldwide."
Related : Ethereum could pave mode for $100,000 Bitcoin, Bloomberg analyst asserts
CVT/USD
CyberVein, a project which looks to reinvent decentralized databases and the way people store, secure and monetize information, has also seen its price increment 17% on Mon.
VORTECS™ information from Cointelegraph Markets Pro began to discover a bullish outlook for CVT on Aug. 8, prior to the recent price rise.
As seen on the chart above, the VORTECS™ Score for CVT turned green on Aug. viii and reached a high of 76, around 14 hours earlier its toll began to increase 35% over the next 5 hours.
The cost recovery for CVT comes following the annunciation that the daily operations of the project are now being handled by the CyberVein Foundation.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading motility involves risk, you lot should conduct your own research when making a decision.
Source: https://cointelegraph.com/news/swipe-iotex-and-cybervein-lead-altcoins-higher-after-bitcoin-hits-46k
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