Traders pile on cryptocurrency after Bitcoin bulls grab $50K

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Bitcoin is back above $50,000 and the bulls are currently trying to secure a daily close above the often contested level.

The strength seen in BTC has also helped launch momentum in altcoins and at the time of writing, many coins have seen gains of over 20%.

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 were Linear (LINA), Secret (SCRT) and Presearch (PRE).

LINA is close to launching full governance features

Linear is a single, decentralized, cross-chain compatible delta asset protocol between the Ethereum (ETH) network and the Binance Smart Chain (BSC). The network supports the creation, trading and management of liquid synthetic assets.

According to Cointelegraph Markets Pro data, market conditions for LINA have been favorable 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. LINA price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ result for LINA climbed into the dark green on September 29 and reached a high of 93 around 26 hours before the price started to rise by 73% over the next four days.

The increase in momentum comes after the project released additional details about the upcoming launch of Linear DAO, which will include a new governance model that supports community voting.

SCRT pool before supernova upgrade

SCRT is the original currency of the Undercover Network, a blockchain protocol with built-in data privacy for smart contracts and decentralized, unlicensed and privacy-preserving applications.

VORTECS™ data from Cointelegraph Markets Pro began detecting a bullish outlook for SCRT on September 30, ahead of the recent price rally.

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

As seen in the chart above, the SCRT’s VORTECS™ result surged into the green on September 29 and reached a high of 75 on September 30, about twelve hours before its price began to rise 135% over the next five days.

The SCRT price increase comes as the protocol prepares to undergo a Supernova protocol update which will enable integration with the Cosmos Inter-Blockchain Communication (IBC) protocol.

Related: Evolution or Die: How Smart Contracts Are Changing the Balance of Power in the Crypto Industry

PRE partners with CoinMarketCap

Presearch is a decentralized, blockchain-based, community-driven search protocol that allows users to search privately and rewards users for their activity.

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

VORTECS™ result (in green) vs advance price. Source: Cointelegraph Markets Pro

As shown in the chart above, the VORTECS™ result for PRE climbed into the dark green on October 2 and reached a high of 88 around 3 hours before its price started to rise by 50% over the next three days.

The notable rise in the price of PRE comes as the project announced a partnership with CoinMarketCap that will integrate data feeds directly into the Presearch search engine.

The total cryptocurrency market cap is now $2.17 trillion and the bitcoin dominance rate is 43.1%.

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.