Bitcoin (BTC) bulls are locked in a battle with bears to take control of the $xl,000 level and dovish comments from the United states Federal Reserve chair, Jerome Powell, suggest that loose budgetary policies volition remain in place for the foreseeable future.

Generally, the crypto ecosystem is "cautiously optimistic" nearly further cost rises as the fallout from China's miner purge begins to subside and displaced miners begin to establish mining operations in other countries, resulting in a rebound of the Bitcoin hash rate.

Data from Cointelegraph Markets Pro and TradingView shows that while the momentum in Bitcoin has slowed downward, several altcoins take gained more than than 30% on the 24-hour nautical chart, led by THORChain (RUNE), Quant (QNT) and Perpetual Protocol (PERP).

Top vii coins with the highest 24-60 minutes price modify. Source: Cointelegraph Markets Pro

RUNE/USD

The top performer over the past 24 hours has been THORChain, a decentralized liquidity protocol that facilitates the substitution of cryptocurrencies across multiple networks while allowing the tokenholder to retain full custody of their assets.

VORTECS™ information from Cointelegraph Markets Pro began to detect a bullish outlook for RUNE on July 24, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market place sentiment, trading book, recent price movements and Twitter activity.

VORTECS™ Score (greenish) vs. RUNE price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for RUNE get-go spiked to a high of 85 on July 24 and and so pulled back slightly over the adjacent two days and registered a loftier of 75 on July 26, around 18 hours before its price began to rally 65% over the next two days.

The price of RUNE has been hammered in recent weeks later a series of protocol exploits resulted in $7.6 million worth of funds being tuckered from the platform, merely it appears every bit if the fallout from that has now subsided.

QNT/USD

The second-largest gainer in the by 24-hours was Quant (QNT), a project focused on interoperability between different blockchain networks.

According to data from Cointelegraph Markets Pro, market conditions for QNT accept been favorable for some time.

VORTECS™ Score (green) vs. QNT price. Source: Cointelegraph Markets Pro

As seen on the chart above, the VORTECS™ Score for QNT began to choice up on July 25 and reached a high of 81, around 24 hours before the price increased 75% over the next 2 days.

The NewsQuake™ alert organization defenseless the announcement from Binance that it would be listing QNT just before its cost began to significantly rise from $96 to an intraday loftier at $144.75.

Related : Crypto population doubled to over 200M users since January, written report says

PERP/USD

Perpetual Protocol, a decentralized perpetual contracts protocol that includes an on-chain decentralized substitution (DEX) and upwardly to 10x leverage, as well broke out on July 30.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for PERP on July 25, prior to the recent price rise.

VORTECS™ Score (light-green) vs. PERP price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for PERP climbed into the greenish on July 25 and reached a high of 79 early on July 26, effectually 24 hours earlier the price increased by 52% over the next two days.

The building momentum behind PERP comes following the release of Curie, a second version of the Perpetual Protocol.

The views and opinions expressed hither are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading motility involves take chances, and you should conduct your own enquiry when making a decision.