While Bitcoin and other altcoins may be cooling, data from Cointelegraph Markets Pro indicates that IOTX and RLY are the top 24 hour performers.
Tuesday began with a bang. Poly Network was hacked to steal $610 million of funds. This hack appears to have been the worst in decentralized finance history. The price of Bitcoin (BTC), dropped by 2% to trade at $45,000, and it started Tuesday with a bang.
Despite the seriousness of the hack, most altcoins are holding onto their gains. Those that have registered small losses align with the pullback in Bitcoin prices.
Cointelegraph Markets Pro data and TradingView show that IoTeX, Rally and Axie Infinity were the largest gainers in the last 24 hours.
Coinbase Listing boosts IOTX for the Second Day
The decentralized internet of things platform IoTeX (IOTX) was the top performer on the 24-hour chart for the second day in a row thanks to a rally sparked by an announcement from Coinbase that it will be listing the token on Coinbase Pro beginning August 11.
Cointelegraph Markets Pro and TradingView data show that IOTX’s price has risen 150% since its low of $0.0213 on Aug. 9, to an intraday high of $0.0529 on Tuesday.
The listing announcement comes on the heels of a blockbuster month that saw the IoTeX’s wallet and network activity increase by 600% and a new cross-chain bridge with the Polygon, an Ethereum-based layer-two solution that enables two-way token swaps between the two protocols.
Rally (RLY), an altcoin that allows creators to collaborate decentralizedly, was second in the last 24-hours. The ecosystem is expanding and welcoming new creators.
VORTECS(tm), data from Cointelegraph Markets Pro, began to detect a bullish outlook on RLY on August 8, before the recent price rise.
Cointelegraph’s exclusive VORTECS(tm), Score is an algorithmic comparison between historical and current market conditions. It is derived from a combination data points, including trading volume, market sentiment and recent price movements, as well as Twitter activity.
The chart shows that the VORTECS(tm), Score for RLY spiked to the green on Aug. 8, and hit a high of 70 just five hours later, before its price rose 81% in the following two days.
RLY’s popularity has increased since the protocol focused its attention to developing nonfungible token capabilities that allow creators to create their own NFTs, which can then be used to engage their communities.
Axie Infinity is one of the most popular protocols in the last few months, as the play-to earn blockchain gaming movement gains momentum.
VORTECS(tm), data from Cointelegraph Markets Pro, began to detect a bullish outlook on AXS on August 7, before the recent price rise.
The chart shows that the VORTECS(tm), Score for AXS was in the green. It reached an all-time high of 81 on August 6, just 73 hours after its price rose 53% the day before.