{"id":336508,"date":"2021-09-08T21:13:23","date_gmt":"2021-09-08T18:13:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/near-protocol-algorand-and-powerpool-rebound-while-bitcoin-consolidates\/"},"modified":"2021-09-08T21:13:23","modified_gmt":"2021-09-08T18:13:23","slug":"near-protocol-algorand-and-powerpool-rebound-while-bitcoin-consolidates","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/near-protocol-algorand-and-powerpool-rebound-while-bitcoin-consolidates\/","title":{"rendered":"# Near Protocol, Algorand and PowerPool rebound while Bitcoin 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-6a258b3f6ca45\" 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-6a258b3f6ca45\" 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\/near-protocol-algorand-and-powerpool-rebound-while-bitcoin-consolidates\/#NEAR_Protocol_gains_64\" >NEAR Protocol gains 64%<\/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\/near-protocol-algorand-and-powerpool-rebound-while-bitcoin-consolidates\/#Algorand_takes_steps_toward_decentralized_governance\" >Algorand takes steps toward decentralized governance<\/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\/near-protocol-algorand-and-powerpool-rebound-while-bitcoin-consolidates\/#PowerPool_launches_a_BSC_index_token\" >PowerPool launches a BSC index token<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Near Protocol, Algorand and PowerPool rebound while Bitcoin consolidates <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The wider cryptocurrency market <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>ears to be in the early stages of a recovery with many altcoins regaining their footing after correcting by 20% to 30% on Sept. 7 when Bitcoin (BTC) fell below $43,000.\u00a0\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/1eb4c1b2-622d-47c8-8200-a24481a45418.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<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 NEAR Protocol (NEAR), Algorand (ALGO) and PowerPool (CVP). <\/p>\n<h2><span class=\"ez-toc-section\" id=\"NEAR_Protocol_gains_64\"><\/span>NEAR Protocol gains 64%<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The top gainer NEAR Protocol is a decentralized proof-of-stake protocol focused on offering faster transaction speeds at a lower cost to help facilitate the adoption of blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>.  <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/NEARUSDT\/\">TradingView<\/a> shows that after dropping to a low of $5.44 on Sept. 7, the price of NEAR surged 100% to a new record high at $10.79 on Sept. 8 as its 24-hour trading volume surged 260% to a record $2.27 billion. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/712be45f-9707-464e-abd4-6f7db5276f69.png\"><figcaption style=\"text-align: center;\"><em>NEAR\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/NEARUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The spike in momentum for the project comes as it launches its METABuild hackathon <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/NEARProtocol\/status\/1435187562600181761\">event<\/a> which is offering more than $1 million in prizes to participants. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Algorand_takes_steps_toward_decentralized_governance\"><\/span>Algorand takes steps toward decentralized governance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Algorand is a permissionless pure proof-of-stake blockchain protocol focused on transaction speed, efficiency and the goal of becoming the base layer for the financial industry. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for ALGO on Sept. 3, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historical 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\/2021-09\/c145b03d-0ae0-4ab9-96e8-c8dd25dbda49.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. ALGO price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for ALGO climbed into the green zone on Sept. 3 and reached a high of 73 around 42 hours before its price increased 62% over the next three days. <\/p>\n<p>The uptick in interest for Algorand comes as the protocol prepares to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AlgoFoundation\/status\/1432248468387532800\">launch<\/a> decentralized governance features on Oct. 1 and the team is also building out its decentralized finance (DeFi) and nonfungible token (NFT) offerings. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitso to assist the launch of El Salvador&#8217;s official Bitcoin wallet Chivo<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"PowerPool_launches_a_BSC_index_token\"><\/span>PowerPool launches a BSC index token<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>PowerPool is a project that helps users accumulate governance power in Ethereum-based protocols through the creation of token pools and community voting. <\/p>\n<p>According to data from Cointelegraph Markets Pro, market conditions for CVP have been favorable for some time. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/fc16de46-b8e1-40ac-bf60-c9d2de956b66.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. CVP price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for CVP first began to pick up on Sept. 4 and climbed to a high of 76 on Sept. 5, around 61 hours before the price increased 98% over the next day.<\/p>\n<p>The spike in interest for PowerPool comes following its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/powerpoolcvp\/status\/1433009213597437962\">launch<\/a> and promotion of the BSCDeFi index pool which contains the top DeFi tokens on the Binance Smart Chain including PancakeSwap (CAKE), Venus (XVS), Mdex (MDX) and Ellipsis (EPS). <\/p>\n<p>The overall cryptocurrency market cap now stands at $2.068 trillion and Bitcoin\u2019s dominance rate is 41.9%.<\/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\/near-protocol-algorand-and-powerpool-rebound-while-bitcoin-consolidates\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Near Protocol, Algorand and PowerPool rebound while Bitcoin consolidates &#8221; The wider cryptocurrency market appears to be in the early stages of a recovery with many altcoins regaining their footing after correcting by 20% to 30% on Sept. 7 when Bitcoin (BTC) fell below $43,000.\u00a0\u00a0 Top 7 coins with the highest 24-hour price change&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":336509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvNDIzYzczMzAtM2NhMC00ZTYzLWFjMGEtZTBiNWI1Nzc1ODQ1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75866,74867,88119,74862,74937,97532,74863,81262,74868,75150,105688,74876,73785],"class_list":["post-336508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-algorand","tag-altcoin","tag-altcoin-watch","tag-bitcoin","tag-bitcoin-price","tag-bsc","tag-cryptocurrencies","tag-cryptomarket","tag-defi","tag-market-update","tag-markets-pro","tag-proof-of-stake","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/336508","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=336508"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/336508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/336509"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=336508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=336508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=336508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}