Mask Network, 1inch and Shiba Inu ignore Bitcoin’s downtrend, posting 20% gains


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The cryptocurrency market is again on the rocks on Oct. 27 as lots of the prime property discover themselves within the pink on the day after Bitcoin (BTC) value dropped to $58,000 within the early buying and selling session.

Regardless of the broader struggles of the market, a number of altcoins have managed to publish features in extra of twenty-two% as main protocol integrations and change listings have helped buffer them in opposition to the broader market downturn.

Prime 7 cash with the best 24-hour value change. Supply: Cointelegraph Markets Pro

Knowledge from Cointelegraph Markets Pro and TradingView exhibits that the largest gainers over the previous 24-hours have been 1inch (1INCH), Shiba Inu (SHIB) and Masks Community (MASK).

1inch integrates with Exodus pockets

1Inch is a distributed community and decentralized change (DEX) aggregator that join decentralized protocols throughout a number of blockchain networks, together with Ethereum (ETH), Binance Good Chain, Polygon (MATIC) and Arbitrum.

VORTECS™ information from Cointelegraph Markets Pro started to detect a bullish outlook for 1INCH on Oct. 26, previous to the latest value rise.

The VORTECS™ Rating, unique to Cointelegraph, is an algorithmic comparability of historic and present market circumstances derived from a mixture of information factors together with market sentiment, buying and selling quantity, latest value actions and Twitter exercise.

VORTECS™ Rating (inexperienced) vs. 1INCH value. Supply: Cointelegraph Markets Pro

As seen within the chart above, the VORTECS™ Rating for 1INCH climbed into the inexperienced zone on Oct. 26 and reached a excessive of 72 round two hours earlier than the worth elevated 100.5% over the subsequent day.

The sudden spike within the value of 1INCH comes following an earlier announcement that the protocol has built-in with Exodus pockets to deliver its performance straight into the multi-currency, cross-platform pockets.

Shiba Inu contines to hit new highs

Shiba Inu is a canine-themed venture that has been gaining momentum all through 2021 because the venture has expanded from being a easy meme into an evolving ecosystem that provides decentralized finance (DeFi) and nonfungible token (NFT) capabilities.

In line with information from Cointelegraph Markets Professional, market circumstances for SHIB have been favorable for a while.

VORTECS™ Rating (inexperienced) vs. SHIB value. Supply: Cointelegraph Markets Pro

As seen within the chart above, the VORTECS™ Rating for SHIB first climbed into the inexperienced zone on Oct. 23 and reached a excessive of 89 on Oct. 24, round seven hours earlier than the worth elevated 119% over the subsequent three days.

The surging momentum for SHIB comes because the token has been listed on new exchanges over the previous month and the builders behind the protocol launched Shiboshi NFTs which have been accessible for buy utilizing the protocol’s LEASH token.

Associated: Shiba Inu could surpass Dogecoin after a 700% SHIB price rally in October

Masks Community updates NFT Avatar

Masks Community is a social media-focused protocol that enables customers to encrypt posts and chats on platforms like Twitter and Fb and make it in order that solely associates and contacts are in a position to decrypt and entry them.

Knowledge from Cointelegraph Markets Pro and TradingView present that after hitting a low of $9.29 on Oct. 26, the worth of MASK spiked 98.9% to an intraday excessive at $18.47 on Oct. 27 as its 24-hour buying and selling quantity skyrocketed 1,610% to $599.42 million.

MASK/USDT 4-hour chart. Supply: TradingView

The sudden burst within the value for MASK comes following an replace to the protocols of ‘NFT Avatar’ which permits customers to switch their Twitter avatars with a customized avatar primarily based on an NFT that the consumer owns that additionally acts as a verification of possession.

The general cryptocurrency market cap now stands at $2.475 trillion and Bitcoin’s dominance charge is 44.9%.

The views and opinions expressed listed below are solely these of the creator and don’t essentially replicate the views of Each funding and buying and selling transfer includes danger, it’s best to conduct your individual analysis when making a choice.