Mask Network, 1inch and Shiba Inu ignore Bitcoin’s downtrend, posting 20% gains


The cryptocurrency market is again on the rocks on Oct. 27 as lots of the prime property discover themselves within the pink on the day after Bitcoin (BTC) worth dropped to $58,000 within the early buying and selling session.

Regardless of the broader struggles of the market, a number of altcoins have managed to put up positive factors in extra of twenty-two% as main protocol integrations and trade listings have helped buffer them towards the broader market downturn.

High 7 cash with the very best 24-hour worth change. Supply: Cointelegraph Markets Professional

Information from Cointelegraph Markets Professional and TradingView reveals that the largest gainers over the previous 24-hours have been 1inch (1INCH), Shiba Inu (SHIB) and Masks Community (MASK).

1inch integrates with Exodus pockets

1Inch is a distributed community and decentralized trade (DEX) aggregator that join decentralized protocols throughout a number of blockchain networks, together with Ethereum (ETH), Binance Sensible Chain, Polygon (MATIC) and Arbitrum.

VORTECS™ information from Cointelegraph Markets Professional started to detect a bullish outlook for 1INCH on Oct. 26, previous to the latest worth 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 worth actions and Twitter exercise.

VORTECS™ Rating (inexperienced) vs. 1INCH worth. Supply: Cointelegraph Markets Professional

As seen within the chart above, the VORTECS™ Rating for 1INCH climbed into the inexperienced zone on Oct. 26 and reached a excessive of 72 round two hours earlier than the worth elevated 100.5% over the following day.

The sudden spike within the worth of 1INCH comes following an earlier announcement that the protocol has built-in with Exodus pockets to carry its performance straight into the multi-currency, cross-platform pockets.

Shiba Inu contines to hit new highs

Shiba Inu is a canine-themed challenge that has been gaining momentum all through 2021 because the challenge has expanded from being a easy meme into an evolving ecosystem that gives decentralized finance (DeFi) and nonfungible token (NFT) capabilities.

In line with information from Cointelegraph Markets Professional, market situations for SHIB have been favorable for a while.

VORTECS™ Rating (inexperienced) vs. SHIB worth. Supply: Cointelegraph Markets Professional

As seen within the chart above, the VORTECS™ Rating for SHIB first climbed into the inexperienced zone on Oct. 23 and reached a excessive of 89 on Oct. 24, round seven hours earlier than the worth elevated 119% over the following three days.

The surging momentum for SHIB comes because the token has been listed on new exchanges over the previous month and the builders behind the protocol launched Shiboshi NFTs which have been out there for buy utilizing the protocol’s LEASH token.

Associated: Shiba Inu might surpass Dogecoin after a 700% SHIB worth rally in October

Masks Community updates NFT Avatar

Masks Community is a social media-focused protocol that permits customers to encrypt posts and chats on platforms like Twitter and Fb and make it in order that solely pals and contacts are in a position to decrypt and entry them.

Information from Cointelegraph Markets Professional and TradingView present that after hitting a low of $9.29 on Oct. 26, the worth of MASK spiked 98.9% to an intraday excessive at $18.47 on Oct. 27 as its 24-hour buying and selling quantity skyrocketed 1,610% to $599.42 million.

MASK/USDT 4-hour chart. Supply: TradingView

The sudden burst within the worth for MASK comes following an replace to the protocols of ‘NFT Avatar’ which permits customers to switch their Twitter avatars with a customized avatar based mostly on an NFT that the person owns that additionally acts as a verification of possession.

The general cryptocurrency market cap now stands at $2.475 trillion and Bitcoin’s dominance charge is 44.9%.

The views and opinions expressed listed here are solely these of the writer and don’t essentially mirror the views of Cointelegraph.com. Each funding and buying and selling transfer includes danger, you must conduct your personal analysis when making a call.