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Altcoins Take the Next Stage as Total Crypto Market Cap Takes Up $2.63 Trillion

The crypto markets are in full swing after Bitcoin (BTC) bid up and hit a new all-time high of $67,000.

Bitcoin’s rise to $67,000 also helped propel double-digit gains for many altcoins as the age-old adage of a rising tide raising all boats appears to be in full effect.

Top 7 coins with highest price change in 24 hours. Source: Cointelegraph Bazaar Pro

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers in the past 24 hours were OriginTral (TRAC), Kadena (KDA) and Cartesy (CTSI).

OriginTrail makes a move

OriginTrail is a protocol that works on the Ethereum (ETH) network and specializes in using blockchain technology to improve logistics and supply chain management.

According to data from Cointelegraph Markets Pro, market conditions have been favorable for TRAC for some time now.

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, trading volume, recent price movements and Twitter activity.

VORTECS™ score (green) vs. TRAC value. Source: Cointelegraph Bazaar Pro

As seen in the chart above, the VORTECS™ score for TRAC began to rise on October 19 and reached a score of 72 about an hour before the price rose 48% the next day.

The price hike for TRAC comes as the project is in the process of rebranding its image as “the world’s first decentralized knowledge graph” and collaborating with Dr. Bob Metcalf as part of its advisory board.

Kadena undergoes a revamp

Kadena, an enterprise-focused blockchain project, has seen a healthy price breakout over the past 24 hours as momentum has picked up across the market.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $2.60 on 19 October, the price of KDA reversed and rose 33.65% to a high of $3.47 on 20 October, marking its 24th high. Hours trading. Volume.

kDa/USDT 4-hour chart. Source: TradingView

The increase in the price of KDA comes after a revamp of the project’s website and a partnership with Immutable Records, which aims to bring a fully functioning non-fungible token market to the Kadena network.

Cartesi Bridge for Avalanche

Cartesy is a blockchain protocol focused on integrating traditional tools used by the developer community with decentralized tools that will help develop smart contracts and make them widely accessible to all.

Data from Cointelegraph Markets Pro and TradingView shows that the CTSI price is up 51% from its October 19 low of $0.70 to $1.07 as its 24-hour trading volume increased by 587% to $288 million.

CTSI/USDT 4-hour chart. Source: TradingView

The increase in CTSI’s price came as the project announced the launch of a bridge to the Avalanche network and preparations for its mainnet launch, which would include a delegated stake.

The total cryptocurrency market cap now stands at $2.637 trillion and bitcoin has a dominance rate of 47.5%.

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

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