The calls for an old season are getting louder as the price movement on the altcoin market has been increasing for a few days. Meanwhile, Bitcoin continues to consolidate below the all-time highs near the USD 62,000 support.
Usually the movement of altcoins is focused on a specific area of the token like memes or decentralized financial protocols, but the current market is booming across all sectors, which could be a sign that the old season is indeed heating up.
Data from Cointelegraph Markets Pro and TradingView show that the biggest winners over the past 24 hours are Secret (SCRT), Curve (CRV) and Shiba Inu (SHIB).
Secret partnership with OpenSea to introduce anonymous NFT
The Confidential Network is a blockchain protocol with integrated data protection for smart contracts and decentralized applications based on its native SCRT token.
According to data from Cointelegraph Markets Pro, market conditions have been quite favorable for SCRT 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 can be seen in the graph above, the VORTECS ™ Score for SCRT started rising on October 22nd and hit a high of 79 on October 24th, about six hours before the price rose 65% over the next two days hit a new record high at $ 9.66.
The bullish price and momentum for SCRT comes after the introduction of the first anonymous non-fungibe (NFT) token on the Confidential Network, made possible by a recent partnership with the largest NFT marketplace OpenSea.
Curve is expanding its ecosystem
CRV is the native token of the Curve ecosystem, a decentralized exchange for stablecoins that uses an automated market generator to manage liquidity on the log.
Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for CRV on October 25, ahead of the recent price rally.
As can be seen in the graph above, the VORTECS ™ Score for CRV started rising on October 25th, climbing to 77, while the price rose 31.66% the following day.
The increased CRV price comes because the protocol continues to build partnerships and integrations across the crypto ecosystem across multiple first and second level networks.
Related: Shiba Inu threatens to fall as SHIB’s price surge of 574% in October is close to exhaustion
Shiba Inu founds a social club
Shiba Inu emerged as a meme coin in late 2020 and has evolved into an ecosystem that includes the decentralized exchange ShibaSwap and its own set of NFTs for members of its community to trade.
VORTECS ™ data from Cointelegraph Markets Pro began to see a bullish outlook for SHIB on October 24, ahead of the recent price rally.
As can be seen in the graph above, the VORTECS ™ Score for SHIB started rising on October 23rd and climbed to a high of 89 on October 24th, about seven hours before the price rose 40.7% over the next two days. rose all-time high of $ 0.000049.
SHIB prices skyrocketed after the Shiboshi Social Club was launched exclusively for Shiboshi NFT owners, offering exclusive privileges to all members of the community.
The total crypto market cap is $ 2.621 trillion and the dominance of bitcoin is 45%.