The Asian markets were up the next day, as both SHIB and RGT took a sizeable hit in after-hours trading. AMPL’s gains were more modest but still significant. The market was also buoyed by strong numbers from China, which underscored how well Beijing’s new cryptocurrency regulations are working out for investors.,
The “federal reserve interest rates” is a topic that has been on the minds of many investors. A few days ago, the Federal Reserve released their latest statement about interest rates and how they will be going forward. The market was not pleased with this news, but it’s not stopping these three cryptocurrencies from surging in value.
After mounting anxiety of the new Omicron Covid-19 version and the Federal Reserve’s admission that an earlier-than-expected adjustment to its bond-buying program continues to damage global stock markets, volatility returned for a second day. The effect of these fears seems to have had an influence on Bitcoin price, which has fallen from its intraday high of $59,175, to as low as $55,875.
However, it’s not all bad news for crypto investors; numerous cryptocurrencies have seen significant increases in the last 24 hours.
Top 7 coins with the biggest price swings in a 24-hour period. Cointelegraph Markets Pro is the source of this information.
Shiba Inu (SHIB), Rari Governance Token (RGT), and Ampleforth were the top gainers in the last 24 hours, according to data from Cointelegraph Markets Pro and TradingView (AMPL).
Shiba Inu announces plans for gaming and the Metaverse
Shiba Inu is a meme currency that runs on the Ethereum (ETH) network that has gained popularity in 2021 by embracing upcoming technologies like as nonfungible tokens (NFT) and decentralized finance (DeFi).
Prior to the latest price gain, VORTECSTM data from Cointelegraph Markets Pro started to identify an optimistic prognosis for SHIB on Nov. 29.
The VORTECSTM Score is an algorithmic assessment of past and present market circumstances produced from a variety of data points including market sentiment, trading volume, recent price changes, and Twitter activity, which is unique to Cointelegraph.
SHIB pricing vs. VORTECSTM Score (green). Cointelegraph Markets Pro is the source of this information.
While the VORTECSTM Score for SHIB has been relatively constant over the last week, the NewsQuakesTM warning system from Cointelegraph Markets Pro issued three updates roughly 15 hours before the price jumped by 42 percent the following day, as seen in the chart above.
The price of SHIB has risen as a result of the token’s listing on the Kraken exchange and the announcement that Shiba Inu is teaming up with William Volk, a former VP of Technology at Activision, to develop games for the project’s ecosystem and enter into the Metaverse.
Shiba Inu climbs more than 30% in only two days after Kraken reveals SHIB listing
Rari Capital is worth $1.5 billion.
Rari Governance is the native token of Rari Capital, a non-custodial DeFi Robo-advisor that allows customers to earn an income on their crypto assets autonomously.
Prior to the latest price gain, VORTECSTM data from Cointelegraph Markets Pro started to indicate an optimistic prognosis for RGT on Nov. 25.
RARI pricing vs. VORTECSTM Score (green). Cointelegraph Markets Pro is the source of this information.
The VORTECSTM Score for RGT soared into the green zone on Nov. 25, roughly 78 hours before the price rose 51.5 percent over the following two days, as seen in the figure above.
RGT has risen as the protocol has crossed $1.5 billion in total value locked and has begun a new shield mining campaign with Nexus Mutual (NXM), in which NXM stakers may receive RGT for their staking actions.
After that, Ampleforth adds a wrapper.
Ampleforth is an Ethereum-based rebase project with an algorithmically adjusted circulating supply that seeks to be the base currency for a decentralized economy that is unaffected by the market movement of other cryptocurrencies.
According to data from Cointelegraph Markets Pro and TradingView, AMPL has gained 87.5 percent from a low of $0.75 on Nov. 22 to a daily high of $1.41 on Nov. 30.
4-hour chart of AMPL/USDT. TradingView is the source of this information.
The rally seems to be linked to the publication of wAMPL, a wrapped version of AMPL that doesn’t rebase and can be utilized throughout the DeFi ecosystem more easily.
The total cryptocurrency market capitalization is currently $2.613 trillion, with Bitcoin commanding 41.1 percent of the market.
The author’s thoughts and opinions are completely his or her own and do not necessarily represent those of Cointelegraph.com. Every investing and trading choice has risk, so do your homework before making a decision.