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Altcoins and DeFi aim higher as Bitcoin price stall at $40k

By
Redakcja
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3 min reading

Recently, QNT, SFI and XYO gained more than 20% while bulls tried to push BTC and ETH back to their local highs. Bitcoin (BTC) price has jumped back up after its $37,500 low and the digital asset’s reaching back toward the $40,000 mark stimulated bullish activity from many altcoins.

Recently, QNT, SFI and XYO gained more than 20% while bulls tried to push BTC and ETH back to their local highs. Bitcoin (BTC) price has jumped back up after its $37,500 low and the digital asset’s reaching back toward the $40,000 mark stimulated bullish activity from many altcoins. According to the recent data from showcases that the top gainers over the last 24-hours are XYO Network (XYO), Saffron Finance (SFI) and Quant (QNT).

XYO/USD

During the last 24-hours, XYO network was rallied by 72%. This network is a location-based data network that uses blockchain to track and record location details. VORTECS data Markets Pro started to notice a bullish outlook for XYO on August. 2, after the recent price rise. The VORTECS score is an algorithmic comparison of the past and present market conditions obtained from a set of data points such as market sentiment, trading volume, recent price movements and Twitter activity. The specific development in XYO is originated from the incline of a teaser announcement that the developers are focusing on “a big chance to improve how minting works”. 

SFI/USD

Saffron.finance erupted with a 20% gain which is seen between many DeFi tokens today. The anticipation for the project has been increasing over the last few weeks as community members work towards the release of Saffron v2 which will give an offer for SFI staking and a growth of price protection. 

QUANT/USD

Quant (QNT), an interworking-focused project created to help enterprises to understand and work on distributed ledger technology which rallied today with information stating that market conditions for QNT have been positive for some time. VORTECS score for QNT has been in the power zone for most of the last week and has reached an increase of 79 on August. 3, which is just seven hours before its price increased by 25%. Bullish speed for QNT has been escalating since the declaration on July 30 where the token would be set on the Binance exchange a growth which was mentioned by many alert systems on July 28 and yet again on July 30. 

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The new DEFI platform enters the market! Earn passively - token sale 0.25 $

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