Quantstamp, Digitalbits And Airswap Show Growth Despite A Quiet Friday In The Crypto MarketKiana Griffin
There was little activity in the cryptocurrency market on April 15 as traders in the United States took the weekend to celebrate Good Friday. However, several altcoins have managed to post double-digit gains due to recent protocol developments.
Data from Cointelegraph Markets Pro and TradingView shows that Quantstamp ( QSP ), DigitalBits ( XDB ) and AirSwap ( AST ) have been triggers in the last 24 hours.
Blockchain security and code audit provider Quantstamp led the altcoin ranks as its token price surged 35% on April 15 to hit a daily high of $0.00804. VORTECSTM data from Cointelegraph Markets Pro started to reveal a bullish outlook for QSP on April 14 before the recent price rally.
As seen in the chart above, QSP’s VORTECSTM valuation climbed to a high of 76 on April 14, about three hours before the price rose 35% the next day. The rally for QSP follows the launch of NFT Combinator, a new platform created by Quantstamp that is designed to help incubate emerging digital artists and help them launch their early collections.
DigitalBits is a protocol-level blockchain that is specifically designed to support brand currencies and consumer digital assets. Data from Cointelegraph Markets Pro and TradingView shows that the price of XDB rose 28% from a low of $0.317 on April 14 to an intraday high of $0.404 on April 15, as 24-hour trading volume rose by 162%.
XDB’s momentum was driven by the recruitment of renowned soccer player David Beckham as a Global Ambassador for DigitalBits to help spread the word about the project around the world.
The Airswap protocol is a developer-focused decentralized autonomous organization (DAO) that specializes in building decentralized trading systems. VORTECSTM data from Cointelegraph Markets Pro started to show a bullish outlook for the AST on April 12, prior to the recent price rally.
As shown in the chart above, the VORTECSTM valuation for the AST peaked at 76 on April 12, about 60 hours before the price rose 24% the next day. The price reversal for AST follows the launch of AirSwap v3 on March 30 and the integration of the protocol on April 15 with the Avalanche network, which offers AirSwap users lower transaction fees when performing a token swap.
The total market capitalization of cryptocurrencies currently stands at $1.877 trillion, with a bitcoin dominance rate of 40.9%.