Altcoins breakout even as Bitcoin price falls to $60,000

After an exciting week in which Bitcoin (BTC), and Ether (ETH), prices fell to lower support levels, today’s Bitcoin (BTC), and Ether (ETH), price dropped to the lowest level. This was after BTC soared to new heights following the launch of two exchange-traded fund.

Although Ether and Bitcoin have been the main focus, many altcoins have seen notable gains. Some traders are preparing for an altseason run.

The top 7 coins that saw the largest 24-hour price changes. Source: Cointelegraph Markets Pro

Cointelegraph Markets Pro and TradingView data show that the largest gainers in the last 24 hours were THORChain, Moonriver and OKB (OKB).

THORChain reopens trading on Ethereum

THORChain, a decentralized liquidity protocol, allows cross-chain access between different blockchain networks. Users can also keep full custody of their assets and transact between them.

Cointelegraph Markets Pro data shows that RUNE has enjoyed favorable market conditions for some time.

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.

VORTECS(tm), Score (green) vs. the RUNE price. Source: Cointelegraph Markets Pro

The chart shows that the VORTECS(tm), Score for RUNE has been in the green zone most of the week. It reached a peak of 74 on October 18, just 19 hours before the price rose 60% in the following two days.

RUNE has regained momentum following the resumption trading on Ethereum, which was halted after the protocol was hacked to $8 million in July 2021.

Moonriver expands its ecosystem

Moonriver, one of the Kusama parachain protocols recently launched, is an Ethereum compatible smart-contract platform that provides a permanently incentive canary network.

Cointelegraph Markets Pro and TradingView data show that MOVR prices have risen 75% since hitting an Oct. 19 low of $234, and then climbed to $410 intraday on Oct. 22, as MOVR’s 24-hour trading volume rose above $59million.

Chart for MOVR/USDT 4 hours Source: TradingView

MOVR’s price rally is due to new partnerships in the cryptocurrency ecosystem. These include a collaboration with Graph Protocol and SushiSwap integration.

Related: Valkyrie Bitcoin futures ETF launched on Nasdaq with shares dropping by 3% within the first hour

OKEx launches a meme coin campaign

OKB is the native currency token of OKEx, a Malta-based cryptocurrency exchange. It functions as the utility token in the OKEx ecosystem.

Data from Cointelegraph Markets Pro VORTECS(tm), began to detect a bullish outlook on OKB on October 21, before the recent price rise.

VORTECS(tm), Score (green) vs. OKB Price Source: Cointelegraph Markets Pro

The chart shows that OKB’s VORTECS(tm), Score began to climb into the green on October 21. It reached a peak of 76 around nine hours prior to its price increasing 25% the following day.

The NewsQuakes(tm), a service of Cointelegraph Markets Pro, indicates that OKB rallied after USD Coin (USDC) was made available for one-click stake. This offers a 20% return and users can also compete to get their favorite meme coins listed on USD Coin.

The total cryptocurrency market is now worth $2.51 trillion, and Bitcoin’s dominance rate of 45.5% is currently at 45.5%.

com. You should do your research before making any investment or trading decision.

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