FLUX, SFP and Badger DAO rise even as Bitcoin price drops to $ 47,000

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The year-long mantra that the crypto market would see a high in December has proven to be a dud so far and for the past week most cryptocurrencies have been under selling pressure and Bitcoin ( BTC) is having difficulty trading above $ 47,000.

That said, it wasn’t all bad news for cryptocurrency holders on Friday as several altcoins managed to post double-digit gains due to new exchange listings and protocol upgrades.

Top 7 coins 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 Flux (FLUX), SafePal (SFP) and Badger DAO (BADGER).

FLUX benefits from the “Binance bump”

Flux is a GPU-capable proof-of-work protocol aimed at building a scalable decentralized cloud infrastructure for Web 3.0 applications.

VORTECS ™ data and NewsQuakes ™ alerts from Cointelegraph Markets Pro began to detect a bullish outlook for FLUX on December 9, 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 FLUX price. Source: Cointelegraph Markets Pro

As shown in the graph above, the NewsQuake ™ system issued an alert for FLUX on December 9, less than an hour before the price began to climb 150% the following day.

The announcement that helped trigger FLUX’s rapid price spike was a notification that Binance would be listing the FLUX tokens on its platform. Shortly after this announcement, the FLUX price hit a new all-time high at $ 4.01.

SafePal adds support for nine new networks

The SafePal Project is a cryptocurrency hardware and software wallet solution for investors who hold assets on the Ethereum network, Binance Smart Chain, and Tron.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $ 1.55 on December 6, the SFP price climbed 45.84% to a daily high of $ 2.27 on December 10 while that its 24-hour trading volume soared 50% to $ 158 million.

4 hour SFP / USDT chart. Source: TradingView

SFP’s building strength comes from the fact that the project released an updated version of its wallet app and added support for Cardano, Nervos Network, Avalanche, Fantom, HECO Chain, Songbird, BOBA Network, Optimism and Arbitrum.

Related: Trader Who Called Bitcoin’s 2017 Price Crash Raises ‘Double Top’ Concerns

Badger DAO is preparing to reactivate its smart contracts

Badger DAO is an open source decentralized stand-alone organization focused on building products and infrastructure that increase the usefulness of Bitcoin in the decentralized financial landscape.

Cointelegraph Markets Pro’s VORTECS ™ data began to detect a bullish outlook for BADGER on December 9, ahead of the recent price hike.

VORTECS ™ score (green) against the BADGER price. Source: Cointelegraph Markets Pro

As shown in the graph above, the VORTECS ™ score for BADGER climbed into the green zone and peaked at 75 on December 9, about three hours before the price rose 48% during the day. .

The positive price action for BADGER comes as the protocol attempts to bounce back from a December 2 exploit that resulted in the project’s smart contracts being shut down.

The overall cryptocurrency market capitalization now stands at $ 2.218 trillion and Bitcoin’s dominance rate is 40.7%.

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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