Secret, Curve, and Shiba Inu's earnings suggest alternate season is coming

Calls for an altseason continue to escalate as price action in the altcoin market has been on the rise for the past few days. Meanwhile,...


Calls for an altseason continue to escalate as price action in the altcoin market has been on the rise for the past few days. Meanwhile, Bitcoin continues to consolidate below its all-time high near the $ 62,000 support level.

Often times, movements in altcoins focus on a specific sector of tokens such as coins or decentralized financial protocols, but the current market is seeing an increase in all sectors, which is perhaps a sign that the altseason is actually heating up.

Top 7 parts with the highest price change over 24 hours. Source: Cointelegraph Markets Pro

Data Cointelegraph Markets Pro and TradingView shows that the biggest winners in the last 24 hours were Secret (SCRT), Curve (CRV) and Shiba Inu (SHIB).

Secret partners with OpenSea to launch anonymous NFTs

The Secret Network is a blockchain protocol with built-in data privacy for smart contracts and decentralized applications that is powered by its native SCRT token.

Based on data from Cointelegraph Markets Pro, market conditions for LSVCC have been favorable for some time.

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 Twitter activity .

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

As shown in the graph above, the VORTECS ™ score for SCRT started increasing on October 22 and peaked at 79 on October 24, about six hours before the price rose 65% over the two next few days to set a new high at $ 9.66.

The rise in prices and the momentum of SCRT follows the launch of the first anonymous non-fungal (NFT) tokens on the secret network, made possible through a recent partnership with the largest marketplace NFT OpenSea.

Curve expands its ecosystem

CRV is the native token of the Curve ecosystem which is a decentralized stable coin exchange that uses an automated market maker to manage liquidity on the protocol.

Cointelegraph Markets Pro’s VORTECS ™ data began to detect a bullish outlook for CRV on October 25, ahead of the recent price hike.

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

As shown in the graph above, the VORTECS ™ score for CRV started rising on October 25 and peaked at 77 around the same time that the price rose 31.66% the following day.

The CRV price hike comes as the protocol continues to build partnerships and integrations into the cryptocurrency ecosystem across multiple layer one and two networks.

Related: Shiba Inu at risk of tumbling with SHIB’s 574% price hike in October nearing exhaustion

Shiba Inu creates a social club

Shiba Inu was born as a coin at the end of 2020 and has evolved into an ecosystem that includes the ShibaSwap decentralized exchange and its own line of NFTs for members of its community to trade.

Cointelegraph Markets Pro’s VORTECS ™ data began to detect a bullish outlook for SHIB on October 24, ahead of the recent price hike.

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

As shown in the graph above, the VORTECS ™ score for SHIB started rising on October 23 and peaked at 89 on October 24, about seven hours before the price rose 40.7% over the course of the year. the next two days to set a new all-time high at $ 0.000049.

SHIB’s price spike follows the introduction of the Shiboshi Social Club, which is exclusively for Shiboshi NFT owners and offers exclusive benefits to all members of the community.

The overall cryptocurrency market capitalization now stands at $ 2.621 billion and Bitcoin’s dominance rate is 45%.

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