Altcoins secure double-digit gains after Bitcoin surges toward $33K
July 21, 2021. Summarized by summa-bot.
Compression ratio: 32.5%. 1 min read.
TEL, MATIC and AXS soared higher as Bitcoin’s relief rally to $32,800 lifted the entire market.
Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24-hours were Telcoin (TEL), Polygon (MATIC) and Axie Infinity (AXS), indicating that the recovery is widespread and not just confined to large-cap cryptocurrencies.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for MATIC first turned green on July 19 and climbed to a high of 77 on July 20 as its price reached a low of $0. 62, just one hour before its price rallied 52% over the next 29 hours.
As seen in the chart above VORTECS™ Score for AXS has been elevated for the majority of the past week and reached a high of 77 on July 20, around one hour before the price increased 46% over the next sixteen hours.