After a relatively quiet fall in crypto markets, 2018 is shaping up to be a “big year” according to market analysts. With the expected bullish run-up resuming this week and continued speculation that the stock market may tumble again later this month, investors are beginning to look outside of traditional stocks for opportunities. One such opportunity is cryptocurrencies with their promise of high returns on investment if you purchase low and sell high.,
The “what happened to xyo” is a cryptocurrency that has been in the news lately. The price of this coin has seen a parabolic rise and it’s expected that we will see more gains in the future.
After the price action for altcoins has risen and the price of Bitcoin (BTC) hovers near the $62,000 support level, calls for the entrance of an altseason have become louder on Nov. 3.
Gaming tokens, supply chain-related initiatives, and decentralized finance (DeFi) protocols are all hot right now, and several cryptocurrencies are showing double-digit gains today, as seen below.
Top 7 coins with the biggest price swings in a 24-hour period. Cointelegraph Markets Pro is the source of this information.
OriginTrail (TRAC), XYO Network (XYO), and Maker (MAKE) were the top gainers over the last 24 hours, according to data from Cointelegraph Markets Pro and TradingView (MKR).
The “Coinbase effect” gives TRAC a boost.
OriginTrail, dubbed “the world’s first decentralized knowledge graph,” is a system that aims to help users organize significant assets and make them discoverable and verifiable on a blockchain network.
Market circumstances for TRAC have been excellent for some time, according to data from Cointelegraph Markets Pro.
The VORTECSTM Score is an algorithmic assessment of past and present market circumstances produced from a variety of data points including market sentiment, trading volume, recent price changes, and Twitter activity, which is unique to Cointelegraph.
TRAC pricing vs. VORTECSTM Score (green). Cointelegraph Markets Pro is the source of this information.
The VORTECSTM Score for TRAC ascended into the dark green zone on Oct. 30 and reached a peak of 81 approximately 49 hours before the price started to rise 232 percent over the following two days, as seen in the chart above.
TRAC’s price has risen dramatically as the token has been listed on a number of new cryptocurrency exchanges, including Coinbase.
The XYO Network now has over 3 million nodes.
The XYO protocol is a decentralized geospatial oracle network made up of devices that anonymously gather, verify, and record data on the XYO blockchain.
Prior to the latest price gain, VORTECSTM data from Cointelegraph Markets Pro started to indicate an optimistic prognosis for XYO on Oct. 30.
XYO pricing vs. VORTECSTM Score (green). Cointelegraph Markets Pro is the source of this information.
The VORTECSTM Score for XYO ascended into the green zone on Oct. 30 and reached a peak of 76 approximately 67 hours before the price soared 88 percent over the following two days, as seen in the chart above.
The XYO network is gaining traction after crossing the 3 million node threshold on October 14.
Bitcoin’s gains from Tuesday are reversing, while Solana joins Ethereum in setting new all-time highs.
Maker’s TVL has reached a new high.
Maker is the native token of the MakerDAO DeFi lending technology, which enables users to deposit assets and create DAI stablecoins.
Prior to the latest price spike, VORTECSTM data from Cointelegraph Markets Pro started to indicate an optimistic prognosis for MKR on Nov. 1.
MKR pricing vs. VORTECSTM Score (green). Cointelegraph Markets Pro is the source of this information.
The VORTECSTM Score for MKR went green on Nov. 1 and reached a high of 70 roughly three hours later, before the price proceeded to rise 51.4 percent over the following two days, as seen in the chart above.
According to statistics from DeFi Llama, the total value locked (TVL) on the protocol hit a record $17.98 billion, boosting the price and momentum for MKR. According to TVL, Maker is the second-best DeFi protocol.
The total cryptocurrency market capitalization is currently $2.711 trillion, with Bitcoin commanding 43.2 percent of the market.
The author’s thoughts and opinions are completely his or her own and do not necessarily represent those of Cointelegraph.com. Every investing and trading choice has risk, so do your homework before making a decision.
The “xyo on binance” is a new cryptocurrency that has been created by the OriginTrail, Maker and XYO Network. The company hopes to create a new season of cryptocurrency with this project.
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