{"id":188333,"date":"2021-02-25T04:00:00","date_gmt":"2021-02-25T01:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cross-chain-bridges-and-defi-integration-are-pushing-these-3-altcoins-higher\/"},"modified":"2021-02-25T04:00:00","modified_gmt":"2021-02-25T01:00:00","slug":"cross-chain-bridges-and-defi-integration-are-pushing-these-3-altcoins-higher","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cross-chain-bridges-and-defi-integration-are-pushing-these-3-altcoins-higher\/","title":{"rendered":"# Cross-chain bridges and DeFi integration are pushing these 3 altcoins higher"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dfc7d042ca\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dfc7d042ca\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cross-chain-bridges-and-defi-integration-are-pushing-these-3-altcoins-higher\/#ADAUSDT\" >ADA\/USDT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/cross-chain-bridges-and-defi-integration-are-pushing-these-3-altcoins-higher\/#MATICUSDT\" >MATIC\/USDT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/cross-chain-bridges-and-defi-integration-are-pushing-these-3-altcoins-higher\/#STXUSDT\" >STX\/USDT<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Cross-chain bridges and DeFi integration are pushing these 3 altcoins higher <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>The cryptocurrency market is showing signs of progress following a multiday sell-off that saw the total market capitalization drop by more than $400 billion as Bitcoin&#8217;s (BTC) price briefly fell below $46,000.\u00a0<\/p>\n<p>While the majority of altcoins have entered a consolidation phase that includes a retest of underlying support levels, several projects have started to regain lost ground after new developments reignited investors&#8217; optimism. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"ADAUSDT\"><\/span>ADA\/USDT<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cardano&#8217;s ADA\u00a0started the year with a bullish spark that saw its price increase 624% from $0.165 on Jan. 2 to a high of $1.20 on Feb. 20. This week&#8217;s sharp correction pulled the price to a swing low at $0.80, but it is clear that traders bought the dip.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/efadfa1b-4008-48db-8b16-a655df76276d.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>ADA\/USDT 4-hour chart. Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/markets\/\">TradingView<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\"><\/a><\/em><\/figcaption><\/figure>\n<p>Since hitting a swing low at $0.80, ADA&#8217;s price rallied 30% to $1.05 following the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that community members at Venus Protocol had <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved a proposal to bring ADA to the Venus mainnet.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">VIP-9 has passed and will be executed soon! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cardano?ref_src=twsrc%5Etfw\">@Cardano<\/a> will become an available digital asset on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Venus?src=hash&amp;ref_src=twsrc%5Etfw\">#Venus<\/a>! <\/p>\n<p>Get started: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/cAsPHdzOlQ\">https:\/\/t.co\/cAsPHdzOlQ<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/KCgHWRPlfB\">https:\/\/t.co\/KCgHWRPlfB<\/a><\/p>\n<p>\u2014 Venus (@VenusProtocol) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VenusProtocol\/status\/1364099706092216320?ref_src=twsrc%5Etfw\">February 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for ADA on Feb. 14, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/7d3624bb-23ae-4a9b-a69a-e8cc5c9abe0a.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\">Cointelegraph Markets Pro<em> &#8211; VORTECS\u2122 Score (green) vs. ADA price<\/em><\/figcaption><\/figure>\n<p>As the chart above shows, Binance introduced staking on Feb 10., and the VORTECS\u2122 score for ADA rose to a high at 88 on Feb. 14<\/p>\n<h2><span class=\"ez-toc-section\" id=\"MATICUSDT\"><\/span>MATIC\/USDT<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On Feb. 9 the Matic network rebranded to become &#8220;Polygon&#8221; as part of a strategic change to become a layer-two aggregator. The move was done in response to the growing momentum of Polkadot and a desire to build an interoperability protocol on top of Ethereum.<\/p>\n<p>High gas fees on the Ethereum network have increased the need for layer-two solutions, and Polygon has emerged as one of the top solutions with projects like Aavegochi and Golem already operating on the protocol. <\/p>\n<p>The rebrand helped lift the price of MATIC from $0.07 on Feb. 9 to an all-time high of $0.197 on Feb. 20 before the market downturn pushed it back down to $0.111 on Feb. 23.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/149f611c-f49a-42fe-be5c-efb54d62678e.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>MATIC\/USDT 4-hour chart. Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/markets\/\">TradingView<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\"><\/a><\/em><\/figcaption><\/figure>\n<p>Since that time the MATIC has recovered 62% to trade at $0.16 as the community and total value locked on Polygon continue to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xPolygon\/status\/1364577952449523715\">grow<\/a>. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"STXUSDT\"><\/span>STX\/USDT<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Stacks (STX) was the breakout star on Feb. 24 as the layer-one blockchain solution designed to bring smart contracts and decentralized applications to Bitcoin saw a record $166 million in trading volume that elevated STX to a new all-time high of $1.17. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/a4891d5f-1f8a-4d2a-9b6f-eaabf14fac29.png\"><figcaption style=\"text-align: center;\"><em>STX\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Excitement for the project comes after the Feb. 23 announcement that STX holders can now <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Stacks\/status\/1364259773215100935\">participate<\/a> in delegated staking from the Stacks wallet, allowing them to earn BTC rewards. <\/p>\n<p>According to data from Cointelegraph Markets Pro, market conditions for STX have been favorable for some time. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/73ca7145-19a0-408a-a65c-74e48ca38327.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. STX price. Source:\u00a0<\/em>Cointelegraph Markets Pro<\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 score for STX hit a high of 87 on Feb. 23, around 30 hours before the price increased 75% to its new high of $1.17.<\/p>\n<p>Interoperability, cross-bridge solutions and staking have emerged as drivers of growth that help incentivize investors to hold their tokens and also attract new participants to old and new blockchain projects. <\/p>\n<p>Following the recent market downturn, it&#8217;s clear that projects that offer tokenholders multiple ways to earn a yield and operate across separate blockchain networks are beginning to stand out from the rest of the field.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/cross-chain-bridges-and-defi-integration-are-pushing-these-3-altcoins-higher\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Cross-chain bridges and DeFi integration are pushing these 3 altcoins higher &#8221; The cryptocurrency market is showing signs of progress following a multiday sell-off that saw the total market capitalization drop by more than $400 billion as Bitcoin&#8217;s (BTC) price briefly fell below $46,000.\u00a0 While the majority of altcoins have entered a consolidation phase&#8230;<\/p>\n","protected":false},"author":1,"featured_media":188334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvYjVkOWIwYjAtZGMxMC00ZjM1LTkwZTEtNTZiZTg1ODQ0M2RhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74862,74937,74894,75378,74863,74860,74891,73785],"class_list":["post-188333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bitcoin","tag-bitcoin-price","tag-blockchain","tag-cardano","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-ethereum","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/188333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=188333"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/188333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/188334"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=188333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=188333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=188333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}