Cryptocurrency costs and investor sentiment reversed course on Dec. 15 after Federal Reserve chairman Jerome Powell confirmed the financial institution’s plan to hike rates of interest in 2022 and decelerate the bond buying program that had been in play for the reason that emergence of the coronavirus in March 2020.
Following the announcement, Bitcoin (BTC) worth tacked on a 1.65% acquire, bringing the value above $49,000 and Ether trekked again above the $4,000 mark. Altcoins adopted swimsuit with their traditional double-digit good points and for the second, it seems as if bulls have taken again management of the market.
ECOMI migrates to Immutable
ECOMI is a know-how firm centered on constructing a blockchain-based digital collectibles market the place customers should purchase and share nonfungible tokens (NFTs) throughout the social community service utilizing the mission’s native OMI token as a medium of change.
VORTECS™ information from Cointelegraph Markets Pro started to detect a bullish outlook for OMI on Dec. 1, previous to the latest worth rise.
The VORTECS™ Rating, unique to Cointelegraph, is an algorithmic comparability of historic and present market circumstances derived from a mix of information factors together with market sentiment, buying and selling quantity, latest worth actions and Twitter exercise.
As seen within the chart above, the VORTECS™ Rating for OMI climbed into the inexperienced zone and reached a excessive of 81 on Dec. 1, round 96 hours earlier than the value started to extend 39% over the subsequent ten days.
The constructing momentum for OMI comes because the ECOMI ecosystem migrates to Immutable, an Ethereum (ETH) scaling resolution particularly designed for NFT initiatives.
Aragon hosts a DAO hackathon
Aragon Ethereum network-based protocol that helps decentralized autonomous organizations (DAOs) growing governance buildings to encourage neighborhood engagement.
VORTECS™ information from Cointelegraph Markets Professional started to detect a bullish outlook for ANT on Dec. 12, previous to the latest worth rise.
As seen within the chart above, the VORTECS™ Rating for ANT started to choose up on Dec. 12 and reached a excessive of 70 round two hours earlier than the value started to extend 60% over the subsequent two days.
The rally in ANT worth is going down concurrently a DAO international hackathon goals to draw builders to the Aragon ecosystem and there are rumors that the DAOpunks NFT mission conduct an airdrop to ANT holders.
RAMP advantages from liquidity mining incentives
RAMP is a multi-chain decentralized finance (DeFi) protocol that helps traders grow to be extra capital environment friendly.
Knowledge from Cointelegraph Markets Pro and TradingView reveals that after hitting a low of $0.179 on Dec. 14, the value of RAMP spiked 52.56% to a every day excessive at $0.274 on Dec. 15 as its 24-hour buying and selling quantity surged 800% to $54.2 million.
The value spike for RAMP got here after the launch of a liquidity mining incentive program resulted in a pointy uptick within the complete worth locked within the protocol. At present there’s $63.3 million invested throughout Ethereum, Polygon and Binance Good Chain.
The general cryptocurrency market cap now stands at $2.126 trillion and Bitcoin’s dominance price is 41.7%.
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