Cryptheory – Just Crypto

Cryptocurrencies are our life! Get an Overview of Market News

These altcoins have quality foundations

2 min read

In this article, we will look at the altcoins that have seen the greatest growth in the last days. Data shows that the most profitable players in the market in the last 24 hours are XYO Network, Saffron Finance and Quant.

Altcoins with quality foundations

Top 7 coins with the highest 24-hour price change.  Source: Cointelegraph Markets Pro
Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro

XYO / USD

In the past 24 hours the company XYO Network, which uses blockchain to track and record location information, has grown by 72%.

VORTECS ™ data from Cointelegraph Markets Pro recorded a bullish future for XYO on August 2, a few days before price increases.

Score VORTECS ™ (green) compared to the XYO price.  Source: Source: Cointelegraph Markets Pro

As can be seen in the chart above, the VORTECS ™ score for XYO began to be recorded in green on August 1 and climbed to a maximum of 71 on August 2, approximately 22 hours before its price increased by 72%.

The increase in the price of XYO was most likely influenced by the announcement that developers are working on an important change that will improve the overall functioning of coinage.

SFI / USD

Saffron Finance recorded 20% increaseHowever, which is currently no surprise for DeFi projects.

VORTECS score zelené (green) compared to SFI price.  Source: Cointelegraph Markets Pro

As can be seen in the chart above, the VORTECS score has shifted to the green zone. On August 1, it reached a maximum of 75, approximately 55 hours before its price during the following day increased by 20%.

The price increase started last week, when the launch of a new version of Saffron v2 was announced, which will bring SFI staking and, in particular, increased security and price protection.

QUANT / USD

Quant is a project that focuses on interoperability. Its goal is to help companies integrate and operate the blockchain system. Overall, the prospects for this project have been very positive in the recent period.

Score VORTECS zelené (green) compared to the price of QNT.  Source: Cointelegraph Markets Pro

As can be seen in the chart above, the VORTECS ™ score for QNT was in green numbers most of last week. On August 3, it reached a maximum of 79, just seven hours before its price rose by 25%.

Again, the price increase was triggered by a good foundation when it was announced that the Quant token would be added to the Binance exchange.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.
BlackRock (IBIT), the Grayscale Bitcoin Trust (GBTC), Fidelity (FBTC), Ark Invest/21Shares (ARKB), Bitwise (BITB), Franklin (EZBC), Invesco/Galaxy (BTCO), VanEck (HODL), Valkyrie (BRRR), WisdomTree (BTCW), Hashdex (DEFI)

Leave a Reply

Your email address will not be published. Required fields are marked *