Altcoins Sell While Exchange Lists Boost COTI and Conflux Network

Bears exerted greater pressure on the market on August 26 after Bitcoin ( BTC ) continued its pullback to an intraday low at $ 46,250 and...


Bears exerted greater pressure on the market on August 26 after Bitcoin (BTC) continued its pullback to an intraday low at $ 46,250 and altcoins suffered near double-digit losses.

While most of the market is seeing red, a few altcoins have managed to make noticeable gains thanks to stock market listings and new staking opportunities.

Top seven coins with the highest 24-hour price variation. Source: Cointelegraph Markets Pro

Data Cointelegraph Markets Pro and TradingView shows that the biggest winners in the last 24 hours have been COTI, XYO Network (XYO) and Conflux Network (CFX).

COTI rallies after listing on Coinbase

The top performing coin in the past 24 hours was COTI, an enterprise-grade fintech platform focused on decentralized payments.

VORTECS ™ data from Cointelegraph Markets Pro began to detect a bullish outlook for the COTI on August 22, ahead of the recent price hike.

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

VORTECS ™ score (green) compared to the COTI price. Source: Cointelegraph Markets Pro

As shown in the graph above, the VORTECS ™ score for COTI turned solid green on August 22 and peaked at 79 on August 25, about two hours before the price rose 81% the following day. .

The burst of momentum for COTI came after he was announcement that the token would be listed on Coinbase Pro and Huobi, two of the largest cryptocurrency exchanges by daily trading volume.

XYO volume peaks

The XYO network is made up of a network of devices that anonymously collect and validate data with a geographic (geospatial) component. All data obtained from the tracking devices on the network is stored on the XYO blockchain.

Cointelegraph Markets Pro’s VORTECS ™ data began to detect a bullish outlook for XYO on August 21, ahead of the recent price hike.

VORTECS ™ score (green) against the XYO price. Source: Cointelegraph Markets Pro

As shown in the graph above, XYO’s VORTECS ™ score crossed into the green zone on August 21 and peaked at 72, approximately 67 hours before its price increased 36% over the two days. following.

Related: Forget Lambos, NFTs are the New Crypto Status Symbol

Conflux Network expands its NFT ecosystem

The Conflux Network is a public, unlicensed blockchain network that aims to bring communities and economies together in Asian and Western societies to facilitate the secure and interoperable flow of assets and data.

Data Cointelegraph Markets Pro and TradingView shows that after hitting a low of $ 0.269 on August 25, the price of the CFX rose 40% to an intraday high of $ 0.377 on August 26, as its 24-hour trading volume jumped 242% to $ 66 million.

4 hour CFX / USDT chart. Source: TradingView

The sudden surge in prices comes as the CFX ecosystem works on to build its NFT ecosystem, and the token also seems to have benefited from its recent listing on the Mexico and Tokocrypto Exchanges.

The overall cryptocurrency market cap is now $ 1,993 billion and Bitcoin’s dominance rate is 41.2%.

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