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Bitcoin Going Down, But ALT Coins Doing Quite Opposite

BTC rate is sliding nearer to the $62,000 support, while UMA, WINk, KP3R and many other altcoins are climbing higher.

The seesaw rate action that the crypto market has acknowledged in the past has returned on full display today as the modest positive aspects Bitcoin (BTC) completed over the weekend quickly disintegrated in the early market strikes as the digital asset accompanied Tesla stock into the red.

Fortunately, it’s now not all horrific information for altcoin traders and this week kicked off with many reports suggesting that there is a 44% risk that an altseason is underway.

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Various data suggests that the largest gainers over the previous 24 hours were UMA (UMA), WINk (WIN) and Keep3rV1 (KP3R).

UMA integrates with Sherlock protocol

Universal Market Access protocol, or UMA, is an Ethereum-blockchain-based assignment centered on the advent of artificial assets that are self-executing, self-enforcing economic contracts that enable counter-parties to digitize and automate any real-world economic derivative.

VORTECS™ records from various platforms started out to detect a bullish outlook for UMA on Nov. 12, prior to the latest rate rise.

The VORTECS™ Score is an algorithmic comparison of historic and modern market prerequisites derived from an aggregate of information factors such as market sentiment, trading volume, recent price actions and Twitter activity.

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The spike in UMA rate comes after the mainnet launch of Sherlock DeFi protocol, which is an insurance plan protocol that utilizes UMA’s Optimistic Oracle solution to fairly adjudicate claims and provide the most protection to different protocols.

WINk expands its NFT ecosystem

WINk is is the first comprehensive oracle solution for the TRON ecosystem designed to combine real world facts and information with the blockchain ecosystem.

When you consider that hitting a low at $0.000676 on Nov. 10, the rate of WIN surged 61.85% over the subsequent week to a each day excessive at $0.00109 on Nov. 15 as its 24-hour buying and selling quantity spiked to $910 million.

image 2021 11 15T20 51 24 379Z

The constructing momentum for WIN comes as the assignment prepares for the closed beta. Take a look at the WIN non fungible token (NFT) Horse game, which launches on Nov. 18. The challenge also performed an APENFT airdrop for WIN holders.

Keep3rV1 lists on Binance

Keep3rV1 is a decentralized job board designed to help projects that want external improvement connect with men and women and corporations who are capable of providing the required services.

According to various statistics market prerequisites for KP3R have been favorable for some time.

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As considered in the chart above, the VORTECS™ Score for KP3R has been accelerated in the green sector considering Nov. 9 and reached an excess of 86 on Nov. 11, around nine hours before the charge started to enlarge 114% over the subsequent three days.

The mountain climbing charge of KP3R follows the token’s record on Binance and the launch of its FixedForex market, which presents 24/7 get entry to decentralized Forex buying and selling to everyone round the world.

The universal cryptocurrency market cap now stands at $2.82 trillion and Bitcoin’s dominance fee is 43.1%.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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