After Bitcoin's price remains at $47.5K, altcoins continue to rise.

After bulls seized control of the market and drove the price of bitcoin over $47,500, ROSE, AXS, and ICX all gained 20%. On Oct. 1, bullish mood returned to the cryptocurrency ecosystem after a 10% increase in Bitcoin (BTC) price pushed it over the $47,500 mark, resulting in the liquidation of more than $270 million in short positions. The altcoin market soon followed suit, with the majority of the top 200 coins seeing double-digit daily increases.

Traders are drawn to Oasis Network by the promise of secrecy.

The Oasis Network is a privacy-enabled blockchain that aims to promote open finance and the development of a responsible data economy.

Prior to the current price increase, VORTECSTM data from Cointelegraph Markets Pro started to identify a positive prognosis for ROSE on Sept. 30.

The VORTECSTM Score is an algorithmic assessment of past and present market circumstances generated from a mix of data points including market sentiment, trading volume, recent price changes, and Twitter activity.

The VORTECSTM Score for ROSE started to rise on September 29 and rose to a peak of 74 on September 30, approximately three hours before the price surged by 60% over the following two days, as seen in the chart above.

ROSE's price has risen as Ethereum-compatible networks with greater scalability have emerged. The Oasis Network has risen to popularity, beating several rivals due to its built-in privacy features.

Staking is now available for Axie Infinity, and early adopters will get airdrops. 

Axie Infinity is a blockchain-based play-to-earn fighting game that enables users to gather, breed, raise, battle, and trade token-based animals known as Axies while also earning money.

Market conditions for AXS have been good for some time, according to data from Cointelegraph Markets Pro.

The VORTECSTM Score for AXS surged into the dark green zone on Sept. 26 and reached a high of 87 approximately 35 hours later, before the price started to rise by 55 percent over the following three days, as seen in the chart above.

Following the introduction of staking features for AXS holders as well as a community airdrop that gave 800,000 AXS tokens to early users of the game, the price of AXS has risen dramatically.

ICX rallies as it prepares to update its mainnet.

Icon is a general-purpose blockchain protocol and aggregator chain that aims to host decentralized apps and enable network interoperability.

The price of ICX has risen as a result of the introduction of wrapped ICX, which is compatible with the ERC-20 standard and can be utilized with Ethereum's decentralized finance. The update is a last step in the protocol's preparation for the Icon 2.0 mainnet upgrade.

The total market value of cryptocurrencies is currently $2.079 trillion, with Bitcoin holding a 43 percent market share.


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