Stock quotes trigger 40% movement on Steem, TrustSwap and 0x
STEEM, SWAP, and ZRX prices jumped shortly after the listing process of major crypto exchanges.
Price Highlights Trigger 40% Rise in Steem, TrustSwap, and 0xMARKET
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A small number of altcoins are also finding strength, and the latest social media trends show that it supports the 40% gain seen in some assets on April 21. Top 7 coins with the highest price changes over 24 hours.
Data from Cointelegraph Markets Pro and TradingView show that the top gainers in the last 24 hours are Steem (STEEM), TrustSwap (SWAP), and 0x (ZRX).
Binance lists STEEM
The community-driven blockchain network Steem is the underlying component of the social media platform Steemit, which allows users to earn rewards for their posts and interactions within the community.
Data from Cointelegraph Markets Pro and TradingView show the price of STEEM dropped to $0.344 on April 20 and rose 77.16% to a daily high of $0.61 on April 21 as its trading volume over 24 hours exploded. STEEM/USDT Hour Chart 4.
The sudden increase in trading volume for STEEM follows the announcement from the Binance exchange that it is adding support for the STEEM/USDT trading pair.
TrustSwap trades on Bithumb
TrustSwap is a decentralized financial system that specializes in creating multiple token swaps and offers many additional features including staking, the ability to create new tokens, and an internal dashboard.
VORTECS™ data from Cointelegraph Markets Pro began detecting negative sentiment for SWAP on April 16, ahead of the recent price rally. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of critical data including market sentiment, trading volume, recent price movements, and Twitter activity.
VORTECS™ symbol (green) vs. SWAP price. Source: Cointelegraph Markets Pro
As shown in the chart above, the VORTECS™ symbol for SWAP entered the green zone and hit a high of 75 on April 16, about 65 hours before the price climbed 120.96% over the next three days. . The SWAP price rally follows a new listing on the South Korean cryptocurrency exchange Bithumb. It increases its efforts to commercialize the protocol's minting module, which allows easy use of the cryptocurrency and its launch on the BNB smart chain along with Ethereum and Polygon blockchains.
0x partners with Coinbase
ZRX is a decentralized exchange infrastructure protocol that is unique in facilitating the trading of assets on the Ethereum blockchain without relying on centralized intermediaries. VORTECS™ data from Cointelegraph Markets Pro began to detect negative sentiment for ZRX on April 19, ahead of the recent price rally.
VORTECS™ symbol (green) vs. ZRX price. Source: Cointelegraph Markets Pro
As mentioned above, the VORTECS™ index for ZRX reached a high of 75 on April 19, just one hour before its price began to climb 71.56% over the next two days. The rapid increase in the price of ZRX follows the news that Coinbase and 0x have partnered with their new interactive market for non-fungible tokens or NFTs.
The total cryptocurrency market capitalization now stands at $1.94 trillion, and the control rate of Bitcoin is 41.3%.
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