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Even as Bitcoin bulls fight to retain the $40,000 mark, small-cap crypto assets such as LINA, WRX, and STORJ have been positively affected and significantly risen.
Bitcoin Bulls Fight To Retain The $40,000 Level As Small-Cap Crypto Assets Rise
Bitcoin’s (BTC) recent rise above $40,000 has injected a healthy dose of positive confidence into the crypto market, and the Crypto Fear and Greed index has fallen from ‘extreme’ to ‘neutral.’
According to TradingView data, the top movers in the last 24 hours have been Linear (LINA), WazirX (WRX), and Storj (STORJ).
Overall market conditions have improved as a result of the already reports that Amazon will begin taking cryptocurrencies as payment at some point in 2021 which contributed to a $155 billion gain in total cryptocurrency market capitalization over the last three days.
Crypto Assets Such as LINA/USD
Linear, a decentralized delta-one asset system that is cross-chain interoperable and capable of producing, trading, and managing liquid synthetic assets, has been the best performance over the last 24 hours.
Before the latest price increase, VORTECS data detected an optimistic prognosis for LINA on July 25.
The VORTECS Score is an algorithmic assessment of historical and present market circumstances based on a variety of data sources such as market mood, trading volume, recent price changes, and Twitter activity.
The VORTECS Score for LINA began to turn green on July 24 and reached a peak of 84 on July 25, only one hour before its price began to rise by 48 percent over the next three days.
The current bout of momentum for LINA occurred when the protocol revealed that it will be launching PancakeSwap on the Linear market, and this move looks to have helped the price rebound above its 50-day moving average.
WRX/USDT
WazirX, an India-based exchange that claims to be the country’s fastest-growing Bitcoin and cryptocurrency exchange, was the second-biggest gainer in the last 24 hours.
The VORTECS Score for WRX began to register green on July 22 when it reached a high of 74 and then rose to 71 on July 25, only seven hours before its price began to rise by 38% over the next three days.
Activity on the site has increased in recent days as a consequence of the exchange’s “India Wants Crypto” campaign, which it is undertaking to help engage its community.
Share what #IndiaWantsCrypto means to you in a 30 second video and tag us.
One lucky winner will receive 100,000 Satoshis. Ready, set, go! pic.twitter.com/YkiIEktbWP
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) July 28, 2021
STORJ/USD
Storj, an open-source cloud storage platform that hosts user data on a decentralized network of nodes and pays users who give computer resources to the network, has also had a significant breakout in the previous 24 hours.
According to TradingView data, after hitting a low of $0.85 on July 27, the price of STORJ rose 33% to an intraday high of $1.13 on July 28 after its 24-hour trading volume increased from an average of $25 million per day to $186 million.