After media headlines highlighted positive news about adoption and future regulation of the crypto sector, crypto traders breathed a sigh relief on Sept. 30, when they were relieved to be able to relax. Visa announced early in the day that it had developed a layer-2-based Blockchain Interoperability Hub that will allow cryptocurrency payments. Jerome Powell, Federal Reserve Chair, stated that there is no intention to ban cryptocurrency.
Sentiment grew in tandem with positive price action in Bitcoin. At the time of writing, it was up 5.74% and trading at $44,000.
The top 7 coins that saw the largest 24-hour price changes. Source: Cointelegraph Markets Pro
TradingView and Cointelegraph Markets Pro data show that Rari Governance Token, Polymath and Telos were the largest gainers in the last 24 hours.
Rari Capital TVL surpasses $500 million
The Rari Governance token is the native token from Rari Capital, which allows users to control the future direction of the DeFi protocol.
Cointelegraph Markets Pro data shows that RGT market conditions have been favorable for some period.
Cointelegraphs 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. RGT Price. Source: Cointelegraph Markets Pro
The chart shows that the VORTECS(tm), Score for RGT, first rose into the green zone on September 25th and then reached an all-time high of 82 on September 28th. This was 33 hours before the price started to rise by 29% the following day.
As the Rari Capital protocols total value surpasses $500 million, the RGT price surges as the community celebrates. It is now striving to break the $1 billion mark.
Telos pops as holders expect airdrops
Telos, a blockchain network built on the EOSIO network, focuses on the creation of smart contract for nonfungible tokens (NFT), gaming, and social media.
Cointelegraph Markets Pro data shows that market conditions have been favorable for TLOS for some time.
VORTECS(tm), Score (green) vs. TLOS Price. Source: Cointelegraph Markets Pro
The chart shows that the VORTECS(tm), Score for TLOS has been in the green zone most of the week. It reached a peak of 73 on September 28, just as the price started to rise by 42% in the following two days.
TLOSs price has risen due to the excitement surrounding an ongoing airdrop. This was intended to demonstrate the Ethereum Virtual Machines capabilities (EVM) of the Telos networks ability to offer a flat price.
Similar: A $1B science fund is looking for blockchain projects to increase human lifespan
Polymath introduces new security tokens
Polymath, a decentralized protocol, operates on Ethereum (ETH). It focuses on developing technology that will allow for the creation and management digital securities on the Blockchain.
Cointelegraph Markets Pro and TradingView data show that POLYs price has rallied 51.58% since hitting a low point of $0.51 on September 29. It reached a high of $0.772 on September 30. This is due to its 24-hour trading volume, which jumped from an average $21 million to $544 millions.
Chart for POLY/USDT 4 hours Source: TradingView
As the Polymath network continues to grow and improve its capabilities, the POLY developers have seen a significant increase in trading volume and price for POLY. Meanwhile, RedSwan and its marketplace for commercial real estate launches on the Polymath network.
The total cryptocurrency market is now worth $1.91 trillion, and Bitcoins dominance rate of 42.7%.
com. You should do your research before making any investment or trading decision.