FLUX, SFP and Badger DAO surge even as Bitcoin price falls to $47K
The yr-long mantra that the crypto marketplace would see a blow-off peak in December has proven to be a dud thus far and for the last week, well-nigh cryptocurrencies have been nether sell pressure and Bitcoin (BTC) is encountering difficulty in trading above $47,000.
That said, information technology'south not all bad news for cryptocurrency holders on Dec. 10 because several altcoins have managed to post double-digit gains due to new commutation listings and protocol upgrades.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Flux (FLUX), SafePal (SFP) and Badger DAO (Badger).
FLUX benefits from the "Binance crash-land"
Flux is a GPU mineable proof-of-piece of work protocol aimed at creating a scalable decentralized deject infrastructure for Web iii.0 applications.
VORTECS™ data and the NewsQuakes™ alerts from Cointelegraph Markets Pro began to notice a bullish outlook for FLUX on Dec. 9, prior to the contempo price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and electric current market place conditions derived from a combination of data points including market sentiment, trading book, recent toll movements and Twitter activity.
Every bit seen in the chart above, the NewsQuake™ system put out an warning for FLUX on Dec. nine, less than an hr earlier the price began to spike 150% over the next day.
The announcement that helped spark the rapid price rise in FLUX was a notification that Binance would exist list FLUX token on its platform. Shortly later on this proclamation, FLUX cost rallied to a new all-time high at $4.01.
SafePal adds support for nine new networks
The SafePal projection is a cryptocurrency hardware and software wallet solution for investors who concur assets on the Ethereum, Binance Smart Chain and Tron networks.
Data from Cointelegraph Markets Pro and TradingView shows that after striking a low of $1.55 on Dec. 6, the price of SFP has climbed 45.84% to hit a daily high at $ii.27 on Dec. 10 as its 24-hour trading volume spiked 50% to $158 meg.
The building forcefulness for SFP comes every bit the project released an updated version of its wallet app and added support for Cardano, Nervos Network, Avalanche, Fantom, HECO Chain, Songbird, BOBA Network, Optimism and Arbitrum.
Related: Trader who called 2022 Bitcoin price crash raises concerns over 'double top'
Badger DAO prepares to reactivate its smart contracts
Annoy DAO is an open-source decentralized autonomous system focused on building products and infrastructure that increment the utility of Bitcoin in the decentralized finance landscape.
VORTECS™ information from Cointelegraph Markets Pro began to detect a bullish outlook for Badger on December. 9, prior to the contempo price ascension.
As seen in the chart in a higher place, the VORTECS™ Score for BADGER spiked into the dark-green zone and hitting a high of 75 on Dec. 9, around three hours before the price increased 48% over the twenty-four hour period.
The positive price activity for BADGER comes as the protocol tries to bounce back from a December. 2 exploit that resulted in the halting of the projection's smart contracts.
The overall cryptocurrency market cap now stands at $ii.218 trillion and Bitcoin's dominance rate is 40.7%.
The views and opinions expressed here are solely those of the author and do non necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves run a risk, yous should comport your ain research when making a determination.
Source: https://cointelegraph.com/news/flux-sfp-and-badger-dao-surge-even-as-bitcoin-price-falls-to-47k
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