Axie Infinity Reaches New ATH at $155 While Bitcoin Bulls Aim at $50K

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The broader cryptocurrency market fell under pressure on October 4 as momentum from the sudden weekend rally in Bitcoin (BTC) above $49,000 was offset by more global concerns regarding the global financial system, rising inflation and supply chain challenges.

Despite these difficulties, many altcoins have managed to rally, and at the time of writing, the crypto-gaming and decentralized finance sectors have continued to grow in popularity.

Top 7 currencies with highest price change in 24 hours. Source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours are Axie Infinity (AXS), PowerPool (CVP) and Polkastarter (POLS).

Axie Infinity releases new character details

Axie Infinity is a blockchain-based fighting and collecting game that was one of the rising stars of 2021 and, in addition to booking a stellar rise of 5,000%, the game also helped introduce the wider audience to the gaming powers of earning games and the income opportunities they offer.

According to Cointelegraph Markets Pro data, market conditions for AXS have been favourable for some time.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions drawn from a range of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (in green) vs. AXS price. Source: Cointelegraph Markets Pro

As shown in the chart above, the VORTECS™ result for AXS started rising on October 2 and climbed into dark green territory on October 3, just an hour before its price surged 51% over the next day.

The price hike on October 4 came as a result of a live chat with the developers behind the project leaking some new details about upcoming updates, including the addition of Axie points for each character that adds new abilities and effects to play.

Related: Is Axie Infinity Overheating? The price of AXS rose to a record high after rising 100% from the previous quarter

Power Pool Menus on Binance

PowerPool is a decentralized finance protocol that specializes in helping users pool the power of governance in Ethereum-based protocols through the creation of token pools and community voting.

VORTECS™ data from Cointelegraph Markets Pro began detecting a bullish outlook for CVP on September 29, ahead of the recent price rally.

VORTECS™ Score (in green) vs CVP price. Source: Cointelegraph Markets Pro

As shown in the chart above, CVP’s ​​VORTECS™ result climbed into the green on September 29 and reached nearly 74 pips before its price started to rise by 60% over the next three days.

The CVP price hike comes with the project being listed on crypto exchange Binance and its addition to Binance Smart Chain.

Polkastarter v2 launch

Polkastarter is a protocol in the Polkadot ecosystem designed to provide an easy-to-use launch platform for early-stage blockchain projects to launch token pools and auctions as a way to raise capital and distribute their tokens.

VORTECS™ data from Cointelegraph Markets Pro began detecting a bullish outlook for POLS on October 2, ahead of the recent price rally.

VORTECS™ Score (in green) vs. POLS price. Source: Cointelegraph Markets Pro

As shown in the chart above, the VORTECS™ result for POLS started rising on October 2 and reached a high of 74 around 29 hours before its price climbed 23% over the next day.

The sharp rise in the price of POLS comes with the launch of the project Polkastarter v2 to the community which includes dashboard updates and the ability to share POLS on Ethereum or Binance Smart Chain.

The total cryptocurrency market capitalization is now $2.141 trillion and the Bitcoin dominance rate is 42.8%.

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