Presearch, Aragon and IOTA explode higher after Bitcoin price drops by $ 50,000

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Optimism in the crypto market continues to grow as the upward movement in the price of Bitcoin and Ethereum (ETH) has renewed talks about a 2013-style double-pump rally that could push the price (BTC) ) over $ 100,000.

The positive price action was not limited to the two main market leaders. Many altcoins continue to rally and Cointelegraph Markets Pro’s ‘altseason’ indicator signals that momentum may continue for a bit.

Top 7 parts with the highest price variation over 24 hours. Source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and TradingView shows that the biggest winners in the last 24 hours have been Presearch (PRE), Aragon (ANT) and IOTA (MIOTA).

Presearch’s Android app to debut on Chrome

The top performer of the day is Presearch, a decentralized blockchain-based search engine that is community driven and allows users to search privately and earn rewards for their activity.

Cointelegraph Markets Pro’s VORTECS data began to detect a bullish outlook for PRE on September 1, ahead of the recent price hike.

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, trade volume, recent price movements and Twitter activity.

VORTECS score (green) compared to the PRE price. Source: Cointelegraph Markets Pro

As shown in the graph above, the VORTECS score of PRE began to increase as the price of PRE began to rise and peaked at 73 on September 1, about an hour before its price increased. 245% the next day.

The project’s momentum and price came after the project announced that the Android Presearch app will be added to the “screen of choice” on factory reset phones and will be available as an option for the project. default search on Chrome.

Aragon benefits from its partnership with Polygon

Aragon is an Ethereum network-based protocol that focuses on creating Decentralized Autonomous Organizations (DAOs) as a way to help projects develop governance structures so that their communities can get involved in the development of the protocol.

Cointelegraph Markets Pro’s VORTECS data began to detect a bullish outlook for ANT on September 1, ahead of the recent price hike.

VORTECS score (green) compared to the ANT price. Source: Cointelegraph Markets Pro

As shown in the graph above, the VORTECS score for ANT fell into the green zone on August 31 and peaked at 71 on September 1, just two hours before its price began to rise by 77% the next day. .

The sudden spike in interest in ANT came following the September 2 announcement that Aragon had partnered with Polygon to help make the process of launching DAOs on the Aragon network more cost effective.

Related: Bitcoin Bull Run Triggers $ 180,000 BTC Price Prediction Ahead of Institutional Fireworks

Protocol updates push up the price of IOTA

IOTA is a distributed ledger protocol that uses proprietary technology called Tangle to perform consensus and confirm transactions.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $ 0.96 on September 1, MIOTA’s price climbed 55% to an intraday high of $ 1.50 on September 2 as its 24-hour trading volume jumped 234% to $ 681 million. .

IOTA / USDT chart in 4 hours. Source: TradingView

The sudden resurgence of interest in the project comes after the protocol incorporated the Hornet update, which brought back the automatic pairing feature and also integrated a tap plugin with the Hornet node. This makes the process of running a private “Tangle” easier.

The overall cryptocurrency market capitalization now stands at $ 2.214 trillion and the Bitcoin dominance rate is 41.9%.

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 comes with risk, you should do your own research before making a decision.

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