FLUX, SFP, Badger DAO Rise Even as Bitcoin Drops to $47,000 – News Couple

FLUX, SFP, Badger DAO Rise Even as Bitcoin Drops to $47,000

The year-long mantra that the cryptocurrency market was going to experience a peak exploding in December has proven worthless so far, and last week most cryptocurrencies were under selling pressure and Bitcoin (BTC) was struggling to trade above. $47,000.

However, it is not all bad news for cryptocurrency holders on December 10 as many altcoins have managed to post double-digit gains due to new exchange listings and protocol upgrades.

Top 7 currencies with highest price change in 24 hours. source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and TradingView show that the biggest gainers over the past 24 hours are Flux (FLUX), SafePal (SFP) and Badger DAO (BADGER).

FLUX takes advantage of “Binance bump”

Flux is a GPU-minable Proof of Work protocol aimed at building a scalable decentralized cloud infrastructure for Web 3.0 applications.

Cointelegraph Markets Pro’s VORTECS™ data and NewsQuakes™ alerts began detecting a bullish outlook for FLUX on December 9, ahead of the recent price rally.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions drawn from a range of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (in green) vs. the price of FLUX. source: Cointelegraph Markets Pro

As shown in the chart above, the NewsQuake™ system issued an alert for FLUX on December 9, less than an hour before the price would start to rise 150% over the next day.

The announcement that helped cause the rapid price hike in FLUX was a notification that Binance would include the FLUX token on its platform. Soon after this announcement, the price of FLUX soared to a new all-time high of $4.01.

SafePal adds support for nine new networks

The SafePal project is a software and crypto hardware wallet solution for investors who hold assets on the Ethereum, Binance Smart Chain, and Tron networks.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $1.55 on Dec 6, the SFP price rose 45.84% to reach a daily high of $2.27 on Dec 10 as 24-hour trading volume rose 50% to 158 million dollars.

4-hour SFP/USDT chart. Source: TradingView

The building strength of SFP came when the project released an updated version of its wallet app and added support for Cardano, Nervos Network, Avalanche, Fantom, HECO Chain, Songbird, BOBA Network, Optimism, and Arbitrum.

Related: Trader Who Called Bitcoin Price Crash in 2017 Raises Concerns About ‘Double Top’

Badger DAO is preparing to reactivate its smart contracts

Badger DAO is an independent, open source decentralized organization focused on building products and infrastructure that maximize the usefulness of Bitcoin in the decentralized financial landscape.

VORTECS™ data from Cointelegraph Markets Pro began detecting a bullish outlook for BADGER on December 9, ahead of the recent price rally.

VORTECS™ Score (in green) vs. BADGER price. source: Cointelegraph Markets Pro

As seen in the chart above, BADGER’s VORTECS™ result surged into the green and reached a high of 75 on December 9, nearly three hours before the price surged 48% on the day.

BADGER’s positive price action comes as the protocol attempts to recover from the December 2 exploit that halted the project’s smart contracts.

The total cryptocurrency market capitalization now stands at $2.218 trillion and the Bitcoin dominance rate is 40.7%.

The opinions 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 risks, you should do your own research when making a decision.