Altcoin projects that focus on privacy were bid for today by bullish investors as the anticipation of a Bitcoin ETF approval spreads.
Market participants and traders are optimistic after reports and a variety of documents indicate that there are fewer obstacles on the way to approval for a Bitcoin ETF.
The positive news brought Bitcoin’s price to $63,000, and other altcoins saw triple-digit increases.
Data from Cointelegraph Markets Pro, TradingView show that the largest gainers in the last 24-hours were NuCypher(NU), Keep Networks (KEEP), and Orchids (OXT).
NuCypher is a partner with Keep Network
NuCyper is a protocol that creates decentralized encryption, access control, and key management system services to public blockchains. It offers end-to-end encrypted data sharing as well as decentralized storage solutions.
Data from Cointelegraph Markets Pro, TradingView show that the price of new catapults 535% to an intraday peak at $1.80 after it hit a low of $0.283 on Oct. 15. Its 24-hour trading volume soared by 19,440% up to $2.152 trillion.
The project enabled the launch of tBTC V2 on the Keep Network. This is designed to “extend censorship-resistant qualities of Bitcoin onto all networks that can interoperate and with Ethereum ( /ETH).
Censorship-resistance comes to the Ethereum network
Keep Network is a protocol that provides privacy-focused infrastructure for public blockchains. It creates an incentive network to store and encrypt private data.
VORTECS(tm), data from Cointelegraph Markets Pro started to detect a bullish outlook on KEEP on October 12, before the recent price rise.
Cointelegraph’s exclusive VORTECS(tm), Score is an algorithmic comparison between historical and current market conditions. It is based on a combination data points, including trading volume, market sentiment and recent price movements, and tweet activity.
The chart shows that the VORTECS(tm), Score for KEEP started to rise on Oct. 12, climbing to a high point of 75, and then the price rose 585% the following day.
KEEP saw a surge in momentum as they collaborated to release the tBTC version 2 on the Keep Network.