Evergrande has informed investors that the sharp correction that threatened Bitcoin and altcoin price drops is now over. Global markets felt reassured and prices for major equities, Bitcoin, and altcoins all rebounded at the open.
After dropping below $40,000 on Sept.21 now trades at $43,300, and Ether ( ETH_) has reclaimed $3,000 after a rapid drop. Altcoins also saw a strong recovery with some posting 15% gains as of the writing.
Data from Cointelegraph Markets Pro, TradingView show that Livepeer (LPT), COTI(COTI) and Axie Infinity/AXS were the largest gainers in the past 24 hours.
Livepeer is listed on the Web3 Index
Livepeer, an Ethereum-based, decentralized video streaming network, aims to replace traditional broadcasting solutions.
VORTECS(tm), data from Cointelegraph Markets Pro started to detect a bullish outlook on LPT on September 21, before the recent price rise.
Cointelegraph's exclusive VORTECS(tm), Score is an algorithmic comparison between historical and current market conditions. It is derived from a combination data points, including trading volume, market sentiment and recent price movements, as well as Twitter activity.
The chart shows that the VORTECS(tm), Score for LPT started to rise on Sept. 20, and reached a peak of 71 on Sept. 21. This was 19 hours before the price spiked 36% the following day.
LPT prices have risen following the launch by the Web3 Index, which included Livepeer among its initial projects. This helped to increase the visibility of the project.
COTI's Treasury releases its "tech" whitepaper
COTI, an enterprise-grade fintech platform that focuses on decentralized payments is the second largest gainer in the past 24 hours.
VORTECS(tm), data from CointelegraphMarkets Pro started to detect a bullish outlook on COTI on September 21, before the recent price rise.
The chart shows that the VORTECS(tm), Score for COTI rose into the green on September 2 and hit a peak of 77 just 10 hours later, before the price spiked 35% the following day.
After the release COTI's treasury technology whitepaper, and the token's listing at Crypto.com, the COTI price has recovered.