Axie Infinity hits a new ATH at $155 while Bitcoin bulls aim for $50K

On Oct. 4, the wider cryptocurrency market was under pressure as the momentum generated from Bitcoin’s (BTC), weekend peak above $49,000 was overshadowed more globally related concerns about the global financial system and rising inflation.

Many altcoins rallied despite these difficulties and, at the time this article was written, both crypto gaming and decentralized financial sectors continue to grow in popularity.

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

Cointelegraph Markets Pro data and TradingView show that Axie Infinity, PowerPol (CVP), and Polkastarter were the top gainers in the last 24 hours.

xie Infinity has released new details about its characters

Axie infinity, a blockchain-based battle-and-collecting game, has been a breakout star of 2021. In addition to a stunning 5,000% rally it also helped to expose the public to the potential of play-to earn games and the income possibilities that they offer.

Cointelegraph Markets Pro data shows that the market conditions for AXS are favorable over time.

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.

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

The chart shows that the VORTECS(tm), Score for AXS started to pick up on October 2nd and reached the dark green zone on October 3rd, just an hour before its price rose 51% the following day.

As a result of the rally in price Oct. 4, a live chat with developers leaked new details about future updates including Axie scores that each character will receive to add new abilities and effects to gameplay.

Related: Is Axie Infinity too hot? After the 100% QTD rally, AXS prices hit a record high

Power Pool Lists on Binance

PowerPool, a decentralized finance protocol, specializes in helping users accumulate governance power through the creation token pools and community vote.

Data from Cointelegraph Markets Pro showing a bullish outlook on CVP, VORTECS(tm), began to be detected on Sept. 29, before the recent price increase.

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

The chart shows that the VORTECS(tm), Score for CVP rose into the green zone on September 29th and hit a peak of 74 approximately two days before the price started to rise by 60%.

CVP’s price has risen because the project was added to the Binance Smart chain and listed on cryptocurrency exchange Binance.

Polkastarter v2 launches

Polkastarter, a protocol within the Polkadot ecosystem, is designed to provide an easy-to use launchpad for early stage blockchain projects to launch token pool auctions and token pools as a means to raise capital and distribute tokens.

VORTECS(tm), data from Cointelegraph Markets Pro started to detect a bullish outlook on POLS on October 2, before the recent price rise.

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

The chart shows that the VORTECS(tm), Score for POLS started to rise on Oct. 2, and hit a peak of 74 just 29 hours later, before its price rose 23% the following day.

The project released Polkastarter 2.0 to the community. This version includes improvements to the dashboard as well as the ability to stake POLS on Ethereum and Binance Smart Chain.

The total cryptocurrency market is now worth $2.141 trillion, and Bitcoin’s dominance rate of 42.8%.

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

https://cointelegraph.com/news/axie-infinity-hits-a-new-ath-at-155-while-bitcoin-bulls-aim-for-49k