Cryptocurrency traders breathed a sigh of relief on September 30th after media headlines reflected positive news about future adoption and regulation in the crypto sector. Visa announced earlier in the day that it has developed a Layer 2 interoperability hub that will support cryptocurrency payments, and Federal Reserve Chairman Jerome Powell stated that the regulator has no intention of banning cryptocurrencies.
The bullish sentiment coincides with a positive day for Bitcoin price action, which is up 5.74% and trading near $ 44,000 at press time.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest winners over the past 24 hours are Rari Governance Token (RGT), Polymath (POLY) and Telos (TLOS).
Rari Capital TVL exceeds $ 500 million
The Rari Governance Token is a native token from Rari Capital that allows users to shape the future of the project’s DeFi protocol.
According to data from Cointelegraph Markets Pro, market conditions have been quite favorable for RGT for some time.
The VORTECS ™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity.
As shown in the graph above, the VORTECS ™ Score for RGT climbed into the green for the first time on September 25th and finally peaked at 82 on September 28th, about 33 hours before its price began to rise 29% the next day .
RGT’s price spike comes as the community celebrates the Rari Capital protocol, which has exceeded a total of $ 500 million as it seeks to cross the $ 1 billion mark currently.
Telos shows up when owners expect airdrop
Telos is a blockchain network based on the EOSIO network that focuses on enabling the creation of smart contracts for non-fungible tokens (NFTs), DeFi, games and social media.
According to data from Cointelegraph Markets Pro, market conditions have been quite favorable for TLOS for some time.
As can be seen in the graphic above, the VORTECS ™ Score for TLOS has risen in the green for most of the last week and reached 28 days. .
The price hike for TLOS is due to the community being active and excited about an ongoing airdrop for the Fortis and Destiny World projects that aims to demonstrate the capabilities of the Ethereum Virtual Machine (EVM) at fixed gas prices.
Related: $ 1 Billion Science Fund Seeks Blockchain Projects to Extend Human Lifespan
Polymath adds new security token
Polymath is a decentralized protocol that operates on the Ethereum (ETH) network and focuses on the growing technology that enables the creation, issuance and management of digital securities on the blockchain.
Data from Cointelegraph Markets Pro and TradingView show that after hitting a low of $ 0.51 on September 29, the price of POLY rose 51.58% to a daily high of $ 0.772 on September 30 rose to $ 544 million.
The increase in price and transaction volume for POLY is due to the protocol developers continuing to update and expand the capabilities of the network as new projects such as RedSwan and the real estate market continue to grow.
The total crypto market cap is $ 1.91 trillion and the dominance of bitcoin is 42.7%.