Altseason rumors are on the rise on Nov. 9 as altcoins capitalize on Bitcoin’s transfer to a brand new all-time excessive and the following consolidation that tends to happen after (BTC) pulls again to retest underlying help ranges.
As is usually the case when Bitcoin has pullbacks throughout a bull market, a few of the outflows discover their manner into the altcoin market and the chart under exhibits this dynamic is at play on Nov. 9.
Livepeer co-hosts COLLIDE
Livepeer is a decentralized video streaming platform constructed on the Ethereum (ETH) community that appears to supply a viable blockchain-based different to centralized broadcasting options.
VORTECS™ information from Cointelegraph Markets Pro started to detect a bullish outlook for LPT on Nov. 7, previous to the latest worth rise.
The VORTECS™ Rating, unique to Cointelegraph, is an algorithmic comparability of historic and present market situations derived from a mixture of knowledge factors together with market sentiment, buying and selling quantity, latest worth actions and Twitter exercise.
As seen within the chart above, the VORTECS™ Rating for LPT started to choose up on Nov. 7 and climbed to a excessive of 75 round one hour earlier than the value elevated 226% over the subsequent two days to a brand new document excessive at $99.83.
The worth appreciation for LPT comes after the protocol co-hosted the COLLIDE occasion with the Glass streaming platform, which was the first-ever dwell live performance to incorporate dwell minting of video nonfungible tokens (NFT).
Loopring ramps up its presence within the layer-two race
Loopring is a layer-two (L2) scaling answer for the Ethereum community that makes use of zk-Rollups to assist lower charges and enhance throughput for decentralized exchanges (DEX) and fee protocols.
VORTECS™ information from Cointelegraph Markets Professional started to detect a bullish outlook for LRC on Nov. 5, previous to the latest worth rise.
As seen within the chart above, the VORTECS™ Rating for LRC started to choose up on Nov. 4 and reached a excessive of 72 on Nov. 5, round 5 hours earlier than the value elevated 142% over the subsequent 4 days.
The sustained momentum for Loopring comes because the layer-two protocol continues to supply decrease transaction charges in comparison with different L2 options together with Arbitrum and Optimism as charges on the Ethereum community stay elevated.
Keep3rV1 has a group vote
Keep3rV1 is a challenge designed to assist join initiatives with outdoors growth sources via the creation of a decentralized, blockchain-based job board.
VORTECS™ information from Cointelegraph Markets Professional started to detect a bullish outlook for KP3R on Nov. 5, previous to the latest worth rise.
As seen within the chart above, the VORTECS™ Rating for KP3R was elevated within the inexperienced zone for a number of days and reached a excessive of 71 on Nov. 5, round 23 hours earlier than the value elevated 79% over the subsequent three days.
The spike in worth for KP3R comes because the protocol is present process a governance vote the place token holders get to vote for the highest swimming pools on its Mounted Foreign exchange decentralized steady coin framework.
The general cryptocurrency market cap now stands at $2.902 trillion and Bitcoin’s dominance fee is 43.3%.
The views and opinions expressed listed here are solely these of the writer and don’t essentially mirror the views of Cointelegraph.com. Each funding and buying and selling transfer entails threat, you must conduct your personal analysis when making a call.