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Saturday, October 16, 2021

Altcoins Helped By Bitcoin Soaring To $48,000

The altcoins market has geared up for full steam with the Bitcoin price climbing to a sum of $46,743 and the bulls looking for more. Interestingly, the Bitcoin bulls have been pulling their arrows to aim at the resistance level of $48,000 as their next target. According to data received by TradingView as well as Cointelegraph Markets Pro has highlighted that the biggest gainers over the last day have been WINk, Dent, as well as IoTeX. 

The Coinbase Listing Bump Continues For Altcoins Like IoTeX

Altcoins like IoTeX have been going through a red hot form on Wednesday as the cryptocurrencies took various positions over the last 24 hours for a consecutive three days. The gains have been directly connected with the announcement of Coinbase putting the token on its list.

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According to data from Cointelegraph Markets Pro, the rally of this cryptocurrency went up by 322% since it bottomed at $0.0293 on the 10th of August. The current influx has definitely increased the coin to a high of $0.124. 

Altcoins like WINk have also had the second-biggest gain over the last day. This Tron-based oracle project has garnered some major excitement over the opportunities through liquidity providers. This has also taken up the project’s features like gaming and NFTs. According to data from TradingView, the WIN price increased 80% to a low of $0.00046 to an intraday high of around $0.00084 on the 11th of August. 

Currently, the overall market cap of altcoins and the cryptocurrency sector stands at a sum of $1.935 trillion. The dominance rate of Bitcoin in this condition has been 45%. Interestingly, the VORTECS score for DENT also climbed steadily into the green zone which started on the 7th of August, and reached a high of 75 on the 9th of August. 

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