{"id":354578,"date":"2021-10-18T21:20:00","date_gmt":"2021-10-18T18:20:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ankr-network-stacks-and-kadena-rally-while-most-altcoins-cool-off\/"},"modified":"2021-10-18T21:20:00","modified_gmt":"2021-10-18T18:20:00","slug":"ankr-network-stacks-and-kadena-rally-while-most-altcoins-cool-off","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ankr-network-stacks-and-kadena-rally-while-most-altcoins-cool-off\/","title":{"rendered":"# Ankr Network, Stacks and Kadena rally while most altcoins cool off"},"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-6a273949ab9a6\" 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-6a273949ab9a6\" 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\/ankr-network-stacks-and-kadena-rally-while-most-altcoins-cool-off\/#Ankr_Network_partners_with_the_Sacramento_Kings\" >Ankr Network partners with the Sacramento Kings<\/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\/ankr-network-stacks-and-kadena-rally-while-most-altcoins-cool-off\/#Stacks_advances_toward_launching_smart_contracts_on_Bitcoin\" >Stacks advances toward launching smart contracts on Bitcoin<\/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\/ankr-network-stacks-and-kadena-rally-while-most-altcoins-cool-off\/#Kadena_adds_NFT_capabilities\" >Kadena adds NFT capabilities<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Ankr Network, Stacks and Kadena rally while most altcoins cool off <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Even with Bitcoin price on the verge of a new all-time high, the cryptocurrency market projects an aura of anxious optimism on Oct. 18 as investors await the official launch of the first Bitcoin (BTC) exchange-traded fund (ETF) which is set to begin trading on Oct. 19.\u00a0<\/p>\n<p>While the market waits for the historic ETF launch, BTC bulls are battling to hold the $62,000 level as support. Meanwhile, a handful of altcoins posted double-digit rallies on Monday as traders possibly look to capitalize on the gains they provide when Bitcoin price consolidates. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/6153766e-c8ea-4416-9da2-4e97c02e25bf.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 Ankr Network (ANKR), Stacks (STX) and Kadena (KDA).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ankr_Network_partners_with_the_Sacramento_Kings\"><\/span>Ankr Network partners with the Sacramento Kings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ankr Network&#8217;s blockchain solution is designed to use idle computing power from devices and data centers from around the world to help power the crypto ecosystem.  <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for ANKR on Oct. 17, 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\/2021-10\/61fa4f33-97e1-45a0-b942-852f3ac2e404.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. ANKR price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for ANKR began to pick up on Oct. 17 and climbed to a high of 70 around four hours before the price spiked 46% over the next day. <\/p>\n<p>The jump in price for ANKR comes following the project\u2019s multi-year sponsorship deal with the National Basketball Association\u2019s (NBA) Sacramento Kings. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stacks_advances_toward_launching_smart_contracts_on_Bitcoin\"><\/span>Stacks advances toward launching smart contracts on Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Stacks is a layer-one blockchain solution focused on bringing smart contracts and decentralized <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>lications to the Bitcoin network.<\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for STX on Oct. 11, prior to the recent price rise. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/b8854da0-3e2f-42d7-a421-7c2802449113.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. STX price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for STX began to pick up on Oct.11 and reached a high of 88, around five hours before the price began to increase by 55% over the next week. <\/p>\n<p>The rise in prominence for STX comes as the possible launch of multiple BTC ETFs has excited the wider investment community about the possibility of smart contract capabilities on the Bitcoin network. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Grayscale confirms Bitcoin ETF plans and adds exposure to Zcash, Stellar Lumens and Horizen to its trusts<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Kadena_adds_NFT_capabilities\"><\/span>Kadena adds NFT capabilities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Kadena price also took a bullish turn over the last 24 hours.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/KDAUSD\/\">TradingView<\/a> shows that after hitting a low of $2.14 on Oct. 16, the price of KDA has rallied 30% to a daily high at $2.79 on Oct. 18 as its 24-hour trading volume spiked 313% to $9.4 million. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/5bb2cbbe-dfaf-4e90-88f9-7c9d5aad2ad3.png\"><figcaption style=\"text-align: center;\"><em>KDA\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The increase in momentum for KDA comes following the protocol&#8217;s partnership with Immutable Records which will bring a fully-built NFT marketplace to the Kadena ecosystem. <\/p>\n<p>The overall cryptocurrency market cap now stands at $2.462 trillion and Bitcoin\u2019s dominance rate is 47.2%.<\/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<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\/ankr-network-stacks-and-kadena-rally-while-most-altcoins-cool-off\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ankr Network, Stacks and Kadena rally while most altcoins cool off &#8221; Even with Bitcoin price on the verge of a new all-time high, the cryptocurrency market projects an aura of anxious optimism on Oct. 18 as investors await the official launch of the first Bitcoin (BTC) exchange-traded fund (ETF) which is set to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":354579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvZjYwOWE1NmUtNzUwNy00ZDBkLTk3NmEtY2FhMjczYWIzNjAxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74862,74863,74868,75849,105688,95118,75834,73785],"class_list":["post-354578","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-etf","tag-markets-pro","tag-nft","tag-pow","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/354578","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=354578"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/354578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/354579"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=354578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=354578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=354578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}