Altcoins rise despite Bitcoin’s falling to $60,000

RUNE, OKB, and MOVR were higher despite traders continuing to make profits from Ether.
Today’s Bitcoin (BTC), and Ether (ETH), prices pulled back to lower support levels following an exciting week in which BTC soared to new heights after the launch of two exchange-traded funds. BTC and Ether have been the main focus, but many altcoins have seen notable gains as traders prepare for an altseason run. The top 7 coins that saw the largest 24-hour price changes. Source: Cointelegraph Markets ProData compiled by TradingView and Cointelegraph Markets Pro shows that the largest gainers in the past 24 hours have been THORChain, Moonriver (MOVR), and OKB (OKB). THORChain has resumed trading on the Ethereum networkTHORChain, a decentralized liquidity protocol, allows cross-chain access to various blockchain networks and allows users to retain full custody of assets while transacting across networks. According to Cointelegraph Markets Pro data, RUNE market conditions have been favorable for some period. The VORTECS(tm), an algorithmic comparison between historical and current market conditions, is exclusive to Cointelegraph. It is derived from a combination data points, including market sentiment, trading volumes, and Twitter activity. Source: Cointelegraph Markets ProAs you can see, the VORTECS ™ Score for RUNE was elevated in the green area for most of the week and reached a peak of 74 on October 18, just 19 hours before the price rose 60% over the next two weeks. RUNE’s momentum has been restored following the resumption trading on the Ethereum network. This was suspended after the protocol suffered an $8M hack in July 2021. Moonriver expands its ecosystemMoonriver, one of the newly-launched Kusama Parachain protocols, is an Ethereum-compatible smart contract platform that provides a permanently-incentivized canary network. Data from TradingView and Cointelegraph Markets Pro show that MOVR’s price has risen 75% to $410 intraday after hitting a low at $234 on October 19. Its 24-hour trading volume rose above $59 million. 4 hour chart of MOVR/USDT Source: TradingView The rally in MOVR’s price came as the project established new partnerships within the cryptocurrency ecosystem, including a collaboration and integration with SushiSwap. Related: Valkyrie Bitcoin futures-linked ETF launches at Nasdaq with share prices dropping by 3% within the first hourOKEx launches a meme coin campaignOKB is a native token of OKEx, a Malta-based cryptocurrency exchange. It functions as the utility token in the OKEx ecosystem. VORTECS(tm), data from Cointelegraph Markets Pro began to detect an OKB bullish outlook on Oct. 21, before the recent price rise. VORTECS(tm), Score (green) vs. OKB Price. Source: Cointelegraph Markets ProThe VORTECS(tm), Score for OKB started to rise on Oct. 21. It reached a peak of 76 around nine hours before the OKB price increased 25% the following day. The NewsQuakes(tm), a service of Cointelegraph Markets Pro, shows that OKB rallied after the exchange allowed one-click staking USD Coin (USDC) which offers a return 20% and the launch of a meme coin campaign where users can compete for their favorite meme coins to be listed on the exchange. The total cryptocurrency market cap is now $2.51 trillion. Bitcoin’s dominance rate at 45.5% is also evident. You should do your own research before making any investment or trading decision.

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