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PRE, ANT and MIOTA lead altcoins higher as increasing bullish momentum has analysts calling for Bitcoin price to overtake $50,000.
Optimism across the crypto market continues to rise as bullish developments in the price of BitcoinĀ and Ethereum (ETH) renewed discussions about a 2013-style double-pump rally that could push (BTC) price past $100,000.Ā
The positive price action hasnāt been limited to the top two market leaders. Many altcoins continue to rally and the 'altseason' indicator from Cointelegraph Markets Pro is signaling that the momentum could continue for a while longer.
Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro
Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Presearch (PRE), Aragon (ANT) and IOTA (MIOTA).
Presearch's android app will debut on Chrome
The top performer of the day is Presearch, a blockchain-based, decentralized search engine that is community-driven and allows users to search privately and earn rewards for their activity.
VORTECSā¢ data from Cointelegraph Markets Pro began to detect a bullish outlook for PRE on Sept. 1, prior to the recent price rise.
The VORTECSā¢ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
VORTECSā¢ Score (green) vs. PRE price. Source: Cointelegraph Markets Pro
As seen in the chart above, the VORTECSā¢ Score for PRE began to rise as the price of PRE started to increase, and reached a high of 73 on Sept. 1, around one hour before its price increased 245% over the next day.
The boost in momentum and price for the project came after the projectĀ announced that the Presearch Android application will be added to the 'choice screen' on factory reset phones and it will be available as a default search option on Chrome.
Aragon benefits from its partnership with Polygon
Aragon is an Ethereum network-based protocol that focuses on the creation of decentralized autonomous organizations (DAO) as a way to help projects develop governance structures so that their communities can get involved with the development of the protocol.
VORTECSā¢ data from Cointelegraph Markets Pro began to detect a bullish outlook for ANT on Sept. 1, prior to the recent price rise.
VORTECSā¢ Score (green) vs. ANT price. Source: Cointelegraph Markets Pro
As seen in the chart above, the VORTECSā¢ Score for ANT climbed into the green zone on Aug. 31 and reached a high of 71 on Sept. 1, just two hours before its price began to surge by 77% over the next day.
The sudden spike in interest for ANT came following the Sept. 2Ā announcement that Aragon had partnered with Polygon to help make the process of launching DAOs on the Aragon network more cost-effective.
Related: Bitcoin bull run sparks $180K BTC price prediction ahead of institutional āfireworksā
Protocol updates push IOTA price higher
IOTA is a distributed ledger protocol that utilizes a proprietary technology called Tangle to perform consensus and confirm transactions.
Data from Cointelegraph Markets Pro and TradingView shows that after reaching a low of $0.96 on Sept. 1, the price of MIOTA spiked 55% to an intraday high at $1.50 on Sep. 2 as its 24-hour trading volume surged 234% to $681 million.
IOTA/USDT 4-hour chart. Source: TradingView
The sudden surge in interest for the project comes after the protocol integrated the Hornet update, which brought back the auto-peering feature and also integrated a faucet plugin with the Hornet node. This makes the process of running a private 'Tangle' easier.
The overall cryptocurrency market cap now stands at $2.214 trillion and Bitcoinās dominance rate is 41.9%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.