The yearlong mantra that the crypto market would see a dip to the top in December has proven to be a failure so far and for the last week most cryptocurrencies have been under selling pressure and Bitcoin (BTC) has difficulty negotiating above $ 47,000.
That said, it is not all bad news for crypto holders on Friday because various altcoins have managed to post double-digit gains due to new exchange listings and protocol updates.
Data of Cointelegraph Markets Pro Y TradingView shows that the biggest winners in the last 24 hours were Flux (FLUX), SafePal (SFP) and Badger DAO (BADGER).
FLUX Profits From "Binance Hit"
Flux is a GPU removable proof-of-work protocol intended to create a scalable decentralized cloud infrastructure for Web 3.0 applications.
VORTECS โข data and NewsQuakes โข alerts from Cointelegraph Markets Pro began to spot a bullish outlook for FLUX on December 9, ahead of the recent price spike.
The VORTECS โข score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements, and trading activity. Twitter
As seen in the chart above, the NewsQuake โข system issued a FLUX alert on December 9, less than an hour before the price began to rise 150% the following day.
The announcement that helped trigger the rapid price surge on FLUX was a notification that Binance would be listed for the FLUX token on its platform. Shortly after this announcement, the FLUX price rose to a new all-time high of $ 4.01.
SafePal adds support for nine new networks
The SafePal project is a cryptocurrency hardware and software wallet solution for investors who have assets on the Ethereum network, Binance Smart Chain and Tron.
Cointelegraph Markets Pro data and TradingView shows that after hitting a low of $ 1.55 on December 6, SFP's price has risen 45.84% to hit a daily high of $ 2.27 on December 10, as its trading volume of 24 hours skyrocketed 50% to $ 158 million.
The build strength for SFP comes as the project released an updated version of its wallet app and added support for Cardano, Nervos Network, Avalanche, Fantom, HECO Chain, Songbird, BOBA Network, Optimism, and Arbitrum.
Related: Trader Who Called Bitcoin Price Drop In 2017 Raises 'Double Top' Concerns
Badger DAO prepares to reactivate its smart contracts
Badger DAO is an autonomous decentralized open source organization focused on building products and infrastructure that increase the usefulness of Bitcoin in the decentralized financial landscape.
VORTECS โข data from Cointelegraph Markets Pro began to detect a bullish outlook for BADGER on December 9, ahead of the recent price spike.
As seen in the chart above, the VORTECS โข score for BADGER climbed into the green zone and peaked at 75 on December 9, about three hours before the price increased 48% during the day.
The positive price action for BADGER comes as the protocol attempts to recover from a December 2 exploit that resulted in the stoppage of the project's smart contracts.
The overall cryptocurrency market capitalization is now $ 2.218 trillion and Bitcoin's dominance rate is 40.7%.
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 business move involves risk, you should do your own research when making a decision.
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