Altcoins See 35% Bounce After Bitcoin Recovers $ 43,000

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The sharp correction that threatened to push Bitcoin and altcoin prices back to their lowest levels appears to have dissipated now that Evergrande has informed investors that he intends to make a timely payment on his. debt. With global markets feeling reassured, the prices of major stocks, Bitcoin, and altcoins all rebounded as the market opened.

After falling rapidly below $ 40,000 on September 21, BTC is now trading above $ 43,300 and Ether (ETH) has recovered to the $ 3,000 level. Altcoins have also seen a strong rally, with many posting gains of up to 15% at the time of writing.

Top 7 parts with the highest 24 hour price change. Source: TBEN Markets Pro

Data from TBEN Markets Pro and TradingView shows that the biggest winners in the last 24 hours have been Livepeer (LPT), COTI (COTI) and Axie Infinity (AXS).

Livepeer lists on the Web3 index

Livepeer is an Ethereum-based decentralized video streaming network that aims to be an alternative to traditional streaming solutions.

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TBEN Markets Pro’s VORTECS ™ data began to detect a bullish outlook for LPT on September 21, ahead of the recent price hike.

The VORTECS ™ score, exclusive to TBEN, is an algorithmic comparison of historical and current market conditions derived from a combination of data points, including market sentiment, trade volume, recent price movements and activity Twitter.

VORTECS ™ score (green) against the LPT price. Source: TBEN Markets Pro

As shown in the graph above, the VORTECS ™ score for LPT started rising on September 20 and peaked at 71 on September 21, about 19 hours before the price climbed 36% the next day.

The increase in the price of LPT occurs as a result of the launch of the Web3 index which included Livepeer as one of the initial projects, thus helping to increase the visibility of the project.

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COTI’s treasury publishes its “tech” white paper

COTI, an enterprise-grade fintech platform focused on decentralized payments, is the second biggest winner in the past 24 hours.

TBEN Markets Pro’s VORTECS ™ data began to detect a bullish outlook for COTI on September 21, ahead of the recent price hike.

VORTECS ™ score (green) compared to the COTI price. Source: TBEN Markets Pro

As shown in the graph above, the VORTECS ™ score for COTI went green on September 2 and peaked at 77 about 10 hours before the price climbed 35% the following day.

The recovery of the COTI price occurs following the Release of the technological white paper of the COTI treasury and the listing of the token on Crypto.com.

Related: Avalanche recovers from Evergrande-led sale as AVAX rebounds by more than 30%

Axie Infinity bounces back from prolonged decline

Axie Infinity (AXS) is a blockchain-based trading and fighting game, where users collect, breed, breed, and battle token-based creatures called Axies.

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According to data from TBEN Markets Pro, market conditions for AXS have been favorable for some time.

VORTECS ™ score (green) against the AXS price. Source: TBEN Markets Pro

As shown in the graph above, the VORTECS ™ score for AXS was in the green zone for most of last week and peaked at 82 on September 20, about 24 hours before its price climbed to 33. % the next day.

AXS’s price hike followed the token’s listing on Bitfinex, an announcement that was recorded by TBEN Markets Pro’s “NewsQuakes ™” alert system approximately 15 hours before its price began to rise.

The overall cryptocurrency market capitalization now stands at $ 1,921 billion and Bitcoin’s dominance rate is 42.3%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of TBEN.com. Every investment and trading move comes with risk, you should do your own research before making a decision.