Rari, Telos and Polymath rally as Bitcoin price hits $44K

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Crypto traders breathed a sigh of relief on September 30 after media headlines reflected positive news about adoption and future regulation in the crypto sector. Earlier in the day, Visa announced it was developing an interoperable blockchain base that will support cryptocurrency payments, and Federal Reserve System chairman Jerome Powell said the regulator does not intend to ban cryptocurrencies.

The rise in sentiment coincided with a positive day for the price action in Bitcoin, which grew 5.74% and is trading close to $ 44,000 at the time of writing.

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

Data from Cointelegraph Markets Pro and TradingView shows that the biggest winners over the past 24 hours were Rari Governance Token (RGT), Polymath (POLY) and Telos (TLOS).

Rari Capital TVL exceeds $ 500 million

The Rari Governance Token is the native sign of Rari Capital, which allows users to direct the future of the project’s DeFi protocol.

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

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 performance.

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VORTECS ™ Score (green) against RGT price. Source: Cointelegraph Markets Pro

As shown in the chart above, the VORTECS ™ Score for RGT first climbed into the green zone on September 25 and finally reached a high of 82 on September 28, about 33 hours before its price rose by 29% during the next day.

The acceleration in the price of RGT occurs when the community celebrates the Rari Capital protocol by exceeding $ 500 million in total value locked in while it is now striving to surpass the $ 1 billion mark.

Telos appear as owners wait for waterfalls

Telos is a blockchain network based on the EOSIO network, which focuses on enabling the creation of smart contracts for non-fungal tokens (NFT), DeFi, gaming and social networks.

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

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VORTECS ™ Score (green) against TLOS price. Source: Cointelegraph Markets Pro

As shown in the chart above, the VORTECS ™ Score for TLOS was raised in the green zone for the majority of last week and reached a high of 73 on September 28, around the same time as the price started to rise by 42 % over the next two days.

The price increase for TLOS comes as the community has been active and excited about an ongoing airfall for the Fortis and Destiny World projects, which was designed to showcase the Ethereum Virtual Machine (EVM) capabilities of the Telos network’s ability to offer flat gasoline price. .

Related: $ 1B science fund is looking for blockchain projects to extend human lifespan

Polymath is adding new safety signs

Polymath is a decentralized protocol that operates on the Ethereum (ETH) network and focuses on the developing technology that allows the creation, transmission and management of digital securities on the blockchain.

Data from Cointelegraph Markets Pro and TradingView shows that after the $ 0.51 drop on September 29, POLY’s price rose 51.58% to a daily high of $ 0.772 on September 30, as its 24-hour trading volume grew by an average from $ 21 million to $ 544 million.

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4-hour POLY / USDT chart. Source: TradingView

The increase in price and trading volume for POLY is coming as the developers behind the protocol continue to update and expand the network’s capabilities as new projects like RedSwan and its commercial real estate marketplace launch on the Polymath network.

The overall market cap chapter now stands at $ 1.91-trillion and Bitcoin’s dominant index is 42.7%.

The opinions and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you need to do your own research when deciding.