{"id":325906,"date":"2021-08-16T21:19:59","date_gmt":"2021-08-16T18:19:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/traders-seek-hefty-gains-from-altcoins-while-bitcoin-price-consolidates\/"},"modified":"2021-08-16T21:19:59","modified_gmt":"2021-08-16T18:19:59","slug":"traders-seek-hefty-gains-from-altcoins-while-bitcoin-price-consolidates","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/traders-seek-hefty-gains-from-altcoins-while-bitcoin-price-consolidates\/","title":{"rendered":"# Traders seek hefty gains from altcoins while Bitcoin price consolidates"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 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-6a2885327a312\" 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-6a2885327a312\" 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\/traders-seek-hefty-gains-from-altcoins-while-bitcoin-price-consolidates\/#Solana_hits_a_new_all-time_high\" >Solana hits a new all-time high<\/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\/traders-seek-hefty-gains-from-altcoins-while-bitcoin-price-consolidates\/#Presearch_pushes_higher\" >Presearch pushes higher<\/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\/traders-seek-hefty-gains-from-altcoins-while-bitcoin-price-consolidates\/#Arweave_gains_32\" >Arweave gains 32%<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Traders seek hefty gains from altcoins while Bitcoin price consolidates <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Optimism across the cryptocurrency ecosystem continues to grow on Aug. 16 as multiple altcoins put on double-digit gains and Bitcoin (BTC) bulls defend the $46,000 support level.\u00a0<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that the biggest gainers over the past 24-hours were Solana (SOL), Presearch (PRE) and Arweave (AR).<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/ec0b0f9b-54b0-48b7-83f1-2df5b8a60a6b.png\"><figcaption style=\"text-align: center;\"><em>Top 7 coins with the highest 24-hour price change. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Solana_hits_a_new_all-time_high\"><\/span>Solana hits a new all-time high<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the past 24-hours, SOL price soared to hit a new high $69.13 as excitement for the protocol\u2019s new Mango Markets decentralized exchange (DEX) helped to increase demand for SOL. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for SOL on Aug. 11, 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\/2021-08\/09673eb3-9d19-4402-a2d2-9ff16baf0f63.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. SOL price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for Solana rose into the green zone on Aug. 10 and reached a high of 77 on Aug. 11, around 4 days before its price increased 62% over the next day. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Presearch_pushes_higher\"><\/span>Presearch pushes higher<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Presearch project is a blockchain-based search engine that is powered by the community and offers a decentralized search engine that allows users to search privately and rewards them for their activity. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for PRE on Aug. 14, prior to the recent price rise. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/cdc08c78-e11a-4dee-8b24-f3d8dbf8eb21.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. PRE price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for PRE climbed into the green zone on Aug. 13 and reached a high of 70 on Aug. 14, around 26 hours before the price surged 102% over the next day. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Arweave_gains_32\"><\/span>Arweave gains 32%<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Arweave is a decentralized storage network that utilizes a new type of storage that backs data up with \u201csustainable and perpetual endowments\u201d that allow users and developers to store data forever. <\/p>\n<p>According to data from Cointelegraph Markets Pro, market conditions for AR have been favorable for some time. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/8d36ae8c-5582-4e1f-8420-7a234b9fbe2a.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. AR price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen on the chart above, the VORTECS\u2122 Score for AR was in the green for the majority of the past week and reached a high at 72 on Aug. 14, around 30 hours before the price increased 65% over the next day.<\/p>\n<p>Excitement for the project has been on the rise over the past week as the daily transactions on the network <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/samecwilliams\/status\/1427041260368547848\">repeatedly<\/a> hit new record highs. <\/p>\n<p>The overall cryptocurrency market cap now stands at $2.005 trillion and Bitcoin\u2019s dominance rate is 43.5%.<\/p>\n<p class=\"post-content__disclaimer\">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 involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> 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\/traders-seek-hefty-gains-from-altcoins-while-bitcoin-price-consolidates\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Traders seek hefty gains from altcoins while Bitcoin price consolidates &#8221; Optimism across the cryptocurrency ecosystem continues to grow on Aug. 16 as multiple altcoins put on double-digit gains and Bitcoin (BTC) bulls defend the $46,000 support level.\u00a0 Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours&#8230;<\/p>\n","protected":false},"author":1,"featured_media":325907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvYmFkMDAyMmEtNjM4ZS00ZWRkLTk0NDMtNTQ3NDU4YjhmNzQ3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,76177,74863,105688,114365,92498,78306,73785],"class_list":["post-325906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-blockchain-storage","tag-cryptocurrencies","tag-markets-pro","tag-presearch","tag-solana","tag-cloud-storage","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/325906","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=325906"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/325906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/325907"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=325906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=325906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=325906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}