The bull market narrative has returned now that Bitcoin (BTC) value managed to briefly climb above $50,500 on August 23. 

A handful of altcoins have additionally seen their costs cost larger because the momentum out there continues to construct. For a lot of tokens, the worth has been buoyed by new alternate listings and cross-protocol collaborations which have introduced a brand new stage of exercise and a spotlight to their ecosystems. 

High 7 cash with the best 24-hour value change. Supply: Cointelegraph Markets Pro

Information from Cointelegraph Markets Pro and TradingView exhibits that the largest gainers over the previous 24-hours have been WAX (WAXP), Gnosis (GNO) and IOST (IOST).

WAX advantages itemizing on Binance

The highest performer on the 24-hour chart is WAX, a delegated proof-of-stake (DPoS) blockchain protocol that claims to supply the “world’s most confirmed and eco-friendly blockchain for NFTs, video video games and collectibles.”

Information from Cointelegraph Markets Pro and TradingView exhibits that after hitting a low of $zero.161 on Aug. 19, the worth of WAXP surged 242% to an intraday excessive at $zero.55 on Aug. 23 as its 24-hour buying and selling quantity rose 21,756% to $2.24 billion.

WAXP/USDT Four-hour chart. Supply: TradingView

In accordance with the NewsQuakes™ alert system from Cointelegraph Markets Professional, the sudden spike in value got here after Binance introduced that it could checklist WAXP.

Gnosis surges after a partnership announcement

Gnosis, an Ethereum-based decentralized prediction market pushed larger after revealing that the group had joined the ZK Open Authorized Working Group to create “authorized readability round using ZKPs to unleash their full potential for privateness and scaling purposes.” 

VORTECS™ information from Cointelegraph Markets Pro started to detect a bullish outlook for GNO on Aug. 19, previous to the latest value rise.

The VORTECS™ Rating, unique to Cointelegraph, is an algorithmic comparability of historic and present market situations derived from a mix of information factors together with market sentiment, buying and selling quantity, latest value actions and Twitter exercise.

VORTECS™ Rating (inexperienced) vs. GNO value. Supply: Cointelegraph Markets Pro

As seen within the chart above, the VORTECS™ Rating for GNO has been elevated for a while and reached a excessive of 78 on Aug. 19, round 6 hours earlier than its value elevated by 26% over the following 4 days.

IOST’s staking competitors attracts traders

IOST is a decentralized blockchain community that makes use of a novel consensus protocol known as “proof-of-believability” to validate transactions at a better velocity than competing networks.

VORTECS™ information from Cointelegraph Markets Pro started to detect a bullish outlook for IOST on Aug. 22, previous to the latest value rise.

VORTECS™ Rating (inexperienced) vs. IOST value. Supply: Cointelegraph Markets Pro

As seen within the chart above, the VORTECS™ Rating for IOST started to register inexperienced on Aug. 21 and climbed to a excessive of 72 on Aug. 22, round eight hours earlier than its value elevated by 29%.

Exercise for the blockchain has been on the rise because of an ongoing staking competitors carried out at the side of Moonstake which gives a high prize of 15,500 IOST tokens.

The general cryptocurrency market cap now stands at $2.139 trillion and Bitcoin’s dominance price is 43.5%.

The views and opinions expressed listed below are solely these of the creator and don’t essentially replicate the views of Cointelegraph.com. Each funding and buying and selling transfer entails threat, it is best to conduct your individual analysis when making a call.