{"id":389533,"date":"2022-01-04T21:48:26","date_gmt":"2022-01-04T18:48:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/altcoins-turn-bullish-even-as-bitcoin-price-slips-below-46k-again\/"},"modified":"2022-01-04T21:48:26","modified_gmt":"2022-01-04T18:48:26","slug":"altcoins-turn-bullish-even-as-bitcoin-price-slips-below-46k-again","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/altcoins-turn-bullish-even-as-bitcoin-price-slips-below-46k-again\/","title":{"rendered":"# Altcoins turn bullish even as Bitcoin price slips below $46K again"},"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-6a3d82788b462\" 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-6a3d82788b462\" 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\/altcoins-turn-bullish-even-as-bitcoin-price-slips-below-46k-again\/#Everest_expands_its_interoperability\" >Everest expands its interoperability<\/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\/altcoins-turn-bullish-even-as-bitcoin-price-slips-below-46k-again\/#PAC_Protocol_rolls_out_data_storage_accounts\" >PAC Protocol rolls out data storage accounts<\/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\/altcoins-turn-bullish-even-as-bitcoin-price-slips-below-46k-again\/#Ravencoin_celebrates_its_4_year_anniversary\" >Ravencoin celebrates its 4 year anniversary<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Altcoins turn bullish even as Bitcoin price slips below $46K again <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The mood across the cryptocurrency is one of growing anticipation as the price of Bitcoin (BTC) continues to trade just below $47,000. The sideways price action has analysts warning that an \u201cexplosive volatility period\u201d is rapidly <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>roaching but few have been willing to predict the direction of the breakout.\u00a0<\/p>\n<p>While Bitcoin price compresses, the altcoin market has come alive and multiple tokens are posting notable gains, especially in the DeFi cohort.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/967c585b-01dc-46ba-ad61-d035a30e167e.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 Everest (ID), PAC Protocol (PAC) and Ravencoin. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Everest_expands_its_interoperability\"><\/span>Everest expands its interoperability <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Everest is a blockchain company with a focus on removing barriers to public services and enhancing economic inclusion through the creation of a device-free, global digital transaction protocol with built-in identity features. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for ID on Dec. 30, 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\/2022-01\/3b43abf5-3343-46cb-b1d0-eb8e47d870e5.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (grey) vs. ID price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for ID began to pick up on Dec. 30 and reached a high score of 70 around 44 hours before the price began to increase by 115% over the next three days. <\/p>\n<p>The climbing price of ID comes as the Everest project is in the process of rolling out bridges connecting EverChain with multiple blockchain networks including Polygon (MATIC), Binance Smart Chain (BSC), Avalanche (AVAX) and Solana (SOL). <\/p>\n<h2><span class=\"ez-toc-section\" id=\"PAC_Protocol_rolls_out_data_storage_accounts\"><\/span>PAC Protocol rolls out data storage accounts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The PAC Procotol, a next-generation blockchain masternode network that has more than 18,000 active nodes, saw its token price increase 36% over the past 24-hours. <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/pac-protocol\">CoinGecko<\/a> shows that after hitting a low of $0.002 on Dec. 31, the price of PAC climbed 79% to hit a daily high at $0.00359 on Jan. 3 as its 24-hour trading volume spiked by 50%. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/04232f05-b0ba-4431-8900-2f34bdf900df.png\"><figcaption style=\"text-align: center;\"><em>PAC\/USD 1-hour chart. Source: CoinGecko<\/em><\/figcaption><\/figure>\n<p>The building momentum for PAC comes as the project has begun rolling out the beta version of its yanDNA\u2122 data storage accounts and is offering 5 gigabytes of free storage for early adopters. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Third-largest whale celebrates Bitcoin\u2019s birthday with 456 BTC buy<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ravencoin_celebrates_its_4_year_anniversary\"><\/span>Ravencoin celebrates its 4 year anniversary<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ravencoin, a blockchain network specifically designed to handle the transfer of assets from one party to another  efficiently, has seen its price spike 34% over the past 24-hours. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for ID on Dec. 30, prior to the recent price rise. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/5d4b7c84-1df8-45bc-9ea3-fe03a15ab130.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. RVN price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for RVN began to pick up on Dec. 29 and climbed to a high of 87 on Dec. 30, around 15 hours before the price increased 45.5% over the next four days. <\/p>\n<p>The bullish move for RVN comes as the project is celebrating the four-year anniversary of its official launch and now looks to pivot to developing the \u201cnext generation of financial <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> for Wall Street on Ravencoin\u201d while also expanding its NFT capabilities. <\/p>\n<p>The overall cryptocurrency market cap now stands at $2.253 trillion and Bitcoin\u2019s dominance rate is 39.4%.<\/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. 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The sideways price action has analysts warning that an \u201cexplosive volatility period\u201d is rapidly approaching but few have been willing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":389534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvZWZjNTMzMzAtNTIyNC00YmYyLTlkNzEtMzNlZGM0YmFmNjZiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74863,74868,75150,105688,95118,73785],"class_list":["post-389533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-cryptocurrencies","tag-defi","tag-market-update","tag-markets-pro","tag-nft","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/389533","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=389533"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/389533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/389534"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=389533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=389533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=389533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}