Bitcoin’s (BTC) rise back above the $48,000 benchmark was back by similar tactics from altcoins and analysts expect that of the market-wide legacy to continue if the top-ranked digital asset can take aim at the $50,000 resistance level.
Information from Markets Pro and TradingView reveals that the biggest gainers over the past 24 hours were Frontier (FRONT), Ren (REN) and Keep Network (KEEP).
Frontier is a decentralized finance (DeFi) aggregator that focused on offering support for the Ethereum, Binance Smart Chain and Harmony blockchain.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market scenarios derived from a combination of data collection including market sentiment, trading info, recent price movements and Twitter activity.
It can be seen that the score for FRONT turned green on Sept. 11 and climbed to a high of 80 around 34 hours before its price increased 66% over the next two days.
The immediate spike in price for FRONT were see after the upcoming launch of next version of the Frontier app was announced, which allowed the users to link will all their cryptocurrency wallets through integration with wallet connect.
Ren is an open protocol developed to facilitate interoperability and liquidity between multiple blockchains and offers one of the mostKEEP/USDT 4-hour chart.
It can be seen in the chart above, the VORTECS™ Score for REN started to raise into the green zone on Sept. 13 and raised even high of 71 on Sept. 14, just as the price was starting to rise by 40% over the next day.
The building momentum for REN comes following the Sept. 13 announcement that the RenVM testnet has incurre Greycore, a semi-decentralized validator set that will look after the Ren ecosystem move closer to its goal of becoming fully decentralized.
The third biggest gainer on the 24-hour chart is Keep Network, a protocol containing off-chain containers for private data.
The spike in the price of KEEP occured as the protocol released a DAO proposal that aims to combine the NuCyper and Keep communities under one governance platform.