{"id":339201,"date":"2021-09-14T21:12:45","date_gmt":"2021-09-14T18:12:45","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/%e2%80%8b%e2%80%8bgovernance-proposals-and-layer-two-launches-provide-a-boost-to-altcoins\/"},"modified":"2021-09-14T21:12:45","modified_gmt":"2021-09-14T18:12:45","slug":"%e2%80%8b%e2%80%8bgovernance-proposals-and-layer-two-launches-provide-a-boost-to-altcoins","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/%e2%80%8b%e2%80%8bgovernance-proposals-and-layer-two-launches-provide-a-boost-to-altcoins\/","title":{"rendered":"# \u200b\u200bGovernance proposals and layer-two launches provide a boost to altcoins"},"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-6a40f939bf487\" 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-6a40f939bf487\" 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\/%e2%80%8b%e2%80%8bgovernance-proposals-and-layer-two-launches-provide-a-boost-to-altcoins\/#RGT_holders_vote_on_the_projects_first_DAO_proposal\" >RGT holders vote on the project&#8217;s first DAO proposal<\/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\/%e2%80%8b%e2%80%8bgovernance-proposals-and-layer-two-launches-provide-a-boost-to-altcoins\/#Curve_launches_on_Arbitrum\" >Curve launches on Arbitrum<\/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\/%e2%80%8b%e2%80%8bgovernance-proposals-and-layer-two-launches-provide-a-boost-to-altcoins\/#Synthetix_improvement_proposal_provides_a_boost\" >Synthetix improvement proposal provides a boost<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># \u200b\u200bGovernance proposals and layer-two launches provide a boost to altcoins <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bullish sentiment is on the rise on Sept. 14 as the price of Bitcoin (BTC) climbed higher throughout the morning and now takes aim at the $47,000 level.\u00a0<\/p>\n<p>The building momentum also had a positive effect on altcoins and a handful of tokens posted double-digit gains.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/f93526a8-6bdd-4390-ab13-ce30995169a4.png\"><figcaption style=\"text-align: center;\"><em>Top 6 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 Rari Governance Token (RGT), Curve (CRV) and Synthetix Network (SNX). <\/p>\n<h2><span class=\"ez-toc-section\" id=\"RGT_holders_vote_on_the_projects_first_DAO_proposal\"><\/span>RGT holders vote on the project&#8217;s first DAO proposal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Rari Governance Token is the native token of Rari Capital, a non-custodial decentralized finance (DeFi) protocol that offers users a way to autonomously trade crypto assets and earn a yield. <\/p>\n<p>According to data from Cointelegraph Markets Pro, market conditions for RGT have been favorable for some time.<\/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\/3f45bef4-3dd6-462f-8b42-770d0d61feb9.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. RGT price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for RGT began to pick up on Sept. 9 and climbed to a high of 85 on Sept. 10, just one hour before its price began to increase by 57% over the next three days.<\/p>\n<p>The initial spike in momentum for RGT came following a Coinbase listing and the second wave of price gains seen on Sept. 13 occurred after the protocol <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RariCapital\/status\/1437474003212546055\">launched<\/a> voting for its first on-chain DAO proposal. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Curve_launches_on_Arbitrum\"><\/span>Curve launches on Arbitrum<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Curve DAO Token is the native token of the Curve protocol, a decentralized exchange for stablecoins that focuses on providing on-chain liquidity using advanced bonding curves.<\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for CRV on Sept. 9, prior to the recent price rise. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/f6135cff-581d-42fe-b3c5-b40e207e6561.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. CRV price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for CRV spiked into the green zone on Sept. 9 and registered a high of 75 one hour before the price increased by 42% over the next four days. <\/p>\n<p>The boost in momentum for CRV seen on Sept. 13 came as a result of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CurveFinance\/status\/1437649791090110465\">announcement<\/a> that the Curve protocol had launched on the Ethereum layer-2 scaling solution Arbitrum. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin bull run expected as \u2018exhausted\u2019 bears sell at a loss<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Synthetix_improvement_proposal_provides_a_boost\"><\/span>Synthetix improvement proposal provides a boost<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Synthetix is a derivatives-providing liquidity DeFi protocol on the Ethereum (ETH) network that offers exposure to a wide range of both crypto and non-crypto assets. <\/p>\n<p>According to data from Cointelegraph Markets Pro, market conditions for SNX have been favorable for some time.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/e4c01db6-e7d4-4a3b-bf50-7733da5f88d5.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. SNX price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for SNX was in the green for\u00a0 of the past week and reached a high of 77 on Sept. 11, around 41 hours before its price increased by 37% over the next day. <\/p>\n<p>The surge in price for SNX comes after the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/liamzebedee\/status\/1437240069870415872\">release<\/a> of the Synthetix Improvement Proposal (SIP) 181 which addresses simulated liquidity for Syntheti exchanges.<\/p>\n<p>The overall cryptocurrency market cap now stands at $2.11 trillion and Bitcoin\u2019s dominance rate is 41.7%.<\/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\/governance-proposals-and-layer-two-launches-provide-a-boost-to-altcoins\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# \u200b\u200bGovernance proposals and layer-two launches provide a boost to altcoins &#8221; Bullish sentiment is on the rise on Sept. 14 as the price of Bitcoin (BTC) climbed higher throughout the morning and now takes aim at the $47,000 level.\u00a0 The building momentum also had a positive effect on altcoins and a handful of tokens&#8230;<\/p>\n","protected":false},"author":1,"featured_media":339202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvNGY4NTUzMDUtMzkzOC00MDI3LWFlYzMtZGM5ZjdmNGQ1MTE0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74862,74863,74868,75150,105688,75493,73785],"class_list":["post-339201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bitcoin","tag-cryptocurrencies","tag-defi","tag-market-update","tag-markets-pro","tag-stablecoin","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/339201","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=339201"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/339201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/339202"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=339201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=339201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=339201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}