Bitcoin is back above $ 50,000 and the bulls are now trying to close a day above the controversial level.
BTC’s strength has also helped add momentum to altcoins, and at the time of writing, some tokens are seeing gains of more than 20%.
Data from Cointelegraph Markets Pro and TradingView show that the biggest winners over the past 24 hours are Linear (LINA), Confidential (SCRT) and Pre-Search (PRE).
LINA is nearing the introduction of full administrative functions
Linear is a decentralized delta one asset protocol that is cross-chain compatible between the Ethereum (ETH) network and the Binance Smart Chain (BSC). The network supports the creation, trading and management of liquid synthetic assets.
According to data from Cointelegraph Markets Pro, market conditions have been quite favorable for LINA for some time.
The VORTECS ™ Score, exclusive to Cointelegraph, is an algorithmic comparison of current and historical market conditions derived from a combination of data points, including market sentiment, trading volume, recent price movements and Twitter activity.
As can be seen in the graph above, the VORTECS ™ Score for LINA climbed into dark green on September 29, hitting a high of 93 within 26 hours before the price began to rise by 73% over the next four days.
The surge in momentum comes after the project announced additional details on the upcoming Linear DAO launch, which includes a new governance model that supports community voting.
SCRT gathers in front of the supernova upgrade
SCRT is the native currency of the Confidential Network, a blockchain protocol with integrated data protection for smart contracts and permissionless decentralized applications and data protection.
Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for SCRT on September 30, ahead of the recent price rally.
As can be seen in the graph above, the VORTECS ™ Score for SCRT climbed into the green on September 29th, hitting a high of 75 on September 30th, about 12 hours before the price began rising 135% in five days.
The SCRT price increase occurs when the protocol prepares for a Supernova protocol update that enables integration with the Cosmos Inter-Blockchain Communication (IBC) protocol.
Related: Grow or Die: How Smart Contracts Are Changing the Balance of Power in the Cryptocurrency Sector
PRE cooperates with CoinMarketCap
Presearch is a community-driven, blockchain-based decentralized search protocol that enables users to search privately and reward users for their activities.
Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for PRE on October 2nd, ahead of the recent price rally.
As can be seen in the graph above, the VORTECS ™ Score for PRE climbed into dark green on October 2nd, peaking at 88 about 3 hours before the price began to rise 50% over the next three days.
The PRE price rally comes as the project announces a partnership with CoinMarketCap, which will integrate a live feed into the Presearch search engine.
The total crypto market cap is $ 2.17 trillion and the dominance of Bitcoin is 43.1%.