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Altcoins see a 35% bounce after Bitcoin reclaims $43,000


23 Sep 2021

#Axie Infinity

LPT, COTI and AXS lead altcoins higher after ETH hits $3,000 and Bitcoin bulls take control of $43,000. The sharp correction that threatened to pull Bitcoin (BTC) and altcoin prices back toward their swing lows appears to have dissipated now that Evergrande has informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin and altcoins prices all saw a rebound at the market open.

After a swift drop below $40,000 on Sept. 21, Bitcoin (BTC) now trades above $43,300 and Ether (ETH) has reclaimed the $3,000 level. Altcoins have also seen a strong recovery, with many posting up to 15% gains at the time of writing. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Livepeer (LPT), COTI (COTI) and Axie Infinity (AXS).

Livepeer lists on the Web3 Index

Livepeer is an Ethereum-based decentralized video streaming network that aims to be an alternative to traditional broadcasting solutions. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for LPT on Sept. 21, prior to the recent price rise. 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 for LPT began to pick up on Sept. 20 and reached a high of 71 on Sept. 21, around 19 hours before the price spiked by 36% over the next day. The jump in price for LPT comes following the launch of the Web3 Index which included Livepeer as one of the initial projects, helping to boost the visibility for the project.

COTI's treasury releases its 'tech' whitepaper

COTI, an enterprise-grade fintech platform focused on decentralized payments, is the second-largest gainer of the past 24 hours. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for COTI on Sept. 21, prior to the recent price rise. VORTECS™ Score for COTI climbed into the green on Sept. 21 and reached a high of 77 around 10 hours before the price spiked by 35% over the next day.

The recovery in the price of COTI comes following the release of the COTI treasury technological whitepaper and the token's listing on Crypto.com.

Axie Infinity rebounds after a prolonged downtrend

Axie Infinity (AXS) is a blockchain-based, play-to-earn trading and battling game where users collect, breed, raise and battle in-game token-based creatures known as Axies. According to data from Cointelegraph Markets Pro, market conditions for AXS have been favorable for some time.

VORTECS™ Score for AXS was in the green zone for the majority of the past week and reached a peak of 82 on Sept. 20, around 24 hours before its price climbed 33% over the next day.

The jump in price for AXS followed the token's listing on Bitfinex, an announcement that was registered by the Cointelegraph Markets Pro 'NewsQuakes™' alert system around 15 hours before its price began to rise. The overall cryptocurrency market cap now stands at $1.921 trillion and Bitcoin’s dominance rate is 42.3%.


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# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 79.6% 37 $68 936.57 -0.14% 1.86% $1 363 382 802 810 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 85.6% 19 $2 464.81 -0.38% -1.04% $296 800 010 036 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $0.999490 -0.02% 0.06% $120 515 283 639 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 94.4% 3 $559.05 -1.20% -4.74% $80 558 709 894 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 68.4% 62 $162.90 -0.83% -7.16% $76 693 939 011 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000091 0% 0% $34 896 136 023 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 94.4% 6 $0.506338 -0.34% -1.54% $28 794 766 739 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 62.4% 75 $0.151887 -3.16% 7.10% $22 273 350 128 DOGE 7 days price change
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11 Cardano (ADA) ADA Cardano predictions 88.8% 9 $0.334545 -3.17% -0.97% $11 707 414 451 ADA 7 days price change
12 Lido stETH (STETH) STETH Lido stETH predictions 94.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
13 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 90.8% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 91.6% 1 $65 806.83 0.78% -2.68% $10 083 957 608 WBTC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 82.8% 30 $0.000017 -1.58% -0.35% $9 998 232 158 SHIB 7 days price change

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