FLUX, SFP and Badger DAO surge even as Bitcoin price falls to $47K

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The year-long mantra that the crypto market would see a blow-off high in December has confirmed to be a dud so far and for the final week, most cryptocurrencies have been underneath promote strain and Bitcoin (BTC) is encountering difficulty in trading above $47,000

That said, it’s not all bad news for cryptocurrency holders on Dec. 10 because several altcoins have managed to post double-digit gains due to new exchange listings and protocol upgrades.

Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro

Knowledge from Cointelegraph Markets Pro and TradingView reveals that the most important gainers over the previous 24-hours have been Flux (FLUX), SafePal (SFP) and Badger DAO (BADGER).

FLUX advantages from the “Binance bump”

Flux is a GPU mineable proof-of-work protocol geared toward making a scalable decentralized cloud infrastructure for Internet 3.0 purposes.

VORTECS™ knowledge and the NewsQuakes™ alerts from Cointelegraph Markets Pro started to detect a bullish outlook for FLUX on Dec. 9, previous to the latest value rise.

The VORTECS™ Rating, unique to Cointelegraph, is an algorithmic comparability of historic and present market situations derived from a mixture of information factors together with market sentiment, buying and selling quantity, latest value actions and Twitter exercise.

VORTECS™ Rating (inexperienced) vs. FLUX value. Supply: Cointelegraph Markets Pro

As seen within the chart above, the NewsQuake™ system put out an alert for FLUX on Dec. 9, lower than an hour earlier than the value started to spike 150% over the following day.

The announcement that helped spark the fast value rise in FLUX was a notification that Binance can be listing FLUX token on its platform. Shortly after this announcement, FLUX value rallied to a brand new all-time excessive at $4.01.

SafePal provides assist for 9 new networks

The SafePal undertaking is a cryptocurrency {hardware} and software program pockets resolution for traders who maintain property on the Ethereum, Binance Sensible Chain and Tron networks.

Knowledge from Cointelegraph Markets Pro and TradingView reveals that after hitting a low of $1.55 on Dec. 6, the value of SFP has climbed 45.84% to hit a every day excessive at $2.27 on Dec. 10 as its 24-hour buying and selling quantity spiked 50% to $158 million.

SFP/USDT 4-hour chart. Supply: TradingView

The constructing energy for SFP comes because the undertaking launched an up to date model of its pockets app and added assist for Cardano, Nervos Community, Avalanche, Fantom, HECO Chain, Songbird, BOBA Community, Optimism and Arbitrum.

Associated: Trader who called 2017 Bitcoin price crash raises concerns over ‘double top’

Badger DAO prepares to reactivate its sensible contracts

Badger DAO is an open-source decentralized autonomous group targeted on constructing merchandise and infrastructure that improve the utility of Bitcoin within the decentralized finance panorama.

VORTECS™ knowledge from Cointelegraph Markets Professional started to detect a bullish outlook for BADGER on Dec. 9, previous to the latest value rise.

VORTECS™ Rating (inexperienced) vs. BADGER value. Supply: Cointelegraph Markets Pro

As seen within the chart above, the VORTECS™ Rating for BADGER spiked into the inexperienced zone and hit a excessive of 75 on Dec. 9, round three hours earlier than the value elevated 48% over the day.

The constructive value motion for BADGER comes because the protocol tries to bounce again from a Dec. 2 exploit that resulted within the halting of the undertaking’s sensible contracts.

The general cryptocurrency market cap now stands at $2.218 trillion and Bitcoin’s dominance fee is 40.7%.

The views and opinions expressed listed below are solely these of the writer and don’t essentially replicate the views of Cointelegraph.com. Each funding and buying and selling transfer entails threat, you must conduct your individual analysis when making a call.