Altcoins are Losing Value, but Exchange Listings are Increasing Conflux Network and COTI

On Thursday, crypto markets fell, although COTI and CFX soared after fresh exchange listings, according to data from Cointelegraph Markets Pro.

Bears increased their pressure on the market on Aug. 26 as Bitcoin (BTC) fell to an intraday low of $46,250 and altcoins suffered double-digit losses.

While the majority of the market is in the red, a few altcoins have seen significant increases as a result of new exchange listings and staking chances.

Image Source: CoinTelegraph

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were COTI, XYO Network (XYO) and Conflux Network (CFX).

COTI rallies after listing on Coinbase

COTI, an enterprise-grade financial platform focused on decentralized payments, was the best-performing coin during the last 24 hours.

Before the latest price spike, VORTECSTM data from Cointelegraph Markets Pro began to detect a favorable prognosis for COTI on Aug. 22.

The VORTECSTM Score is an algorithmic assessment of history and present market circumstances produced from a variety of data points including market sentiment, trading volume, recent price changes, and Twitter activity, which is exclusive to Cointelegraph.

Image Source: CoinTelegraph

As seen in the chart above, the VORTECS™ Score for COTI turned solidly green on Aug. 22 and proceeded to climb to a high of 79 on Aug. 25, around two hours before the price increased 81% over the next day.

The burst of momentum for COTI came after it was announced that the token would be listed on Coinbase Pro and Huobi, two of the largest cryptocurrency exchanges by daily trading volume.

XYO volume surges

The XYO Network is a collection of devices that collect and validate data anonymously, including a geographic component (geospatial). The XYO blockchain stores all data collected by the network’s tracking devices.

Prior to the latest price gain, VORTECSTM data from Cointelegraph Markets Pro began to detect an optimistic prognosis for XYO on Aug. 21.

Image Source: CoinTelegraph

As seen in the chart above, the VORTECS™ Score for XYO climbed into the green zone on Aug. 21 and reached a high of 72, around 67 hours before its price increased 36% over the next two days.

Conflux Network expands its NFT ecosystem

The Conflux Network is a permissionless, public blockchain network with the objective of connecting Asian and Western communities and businesses to promote the secure and interoperable flow of assets and data.

According to data from Cointelegraph Markets Pro and TradingView, the price of CFX rebounded 40% to an intraday high of $0.377 on Aug. 26 after hitting a low of $0.269 on Aug. 25, while its 24-hour trading volume increased by 242 percent to $66 million.

Image Source: CoinTelegraph

The sudden price surge comes as the CFX ecosystem works on building out its NFT ecosystem, and the token appears to have also benefited from recently being listed on the Mexo and Tokocrypto exchanges.

The overall cryptocurrency market capitalization now stands at $1.993 trillion, and Bitcoin’s dominance rate is 41.2%.

Source: CoinTelegraph

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