The bullish momentum that have been developing throughout the cryptocurrency surroundings during the last few days got here to a screeching halt on Sept. 24 as information that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall withinside the charge of Bitcoin (BTC) from $45,000 to $42,000.

After the preliminary knee-jerk response and a short time period for the marketplace to digest the information, investors jumped again in to shop for the dips on numerous altcoins, which helped a number of the losses visible in advance withinside the day.
Top 7 cash with the best 24-hour charge change. Source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and TradingView indicates that 3 of the largest gainers during the last 24-hours have been Ren (REN), Celer Network (CELR) and Civic (CVC).
Ren brings DAI and BTC to Arbitrum

Ren is a blockchain protocol that specializes in facilitating interoperability and liquidity switch among one of a kind blockchain networks thru a chain of darknodes that assist to defend person privateness.

According to information from Cointelegraph Markets Pro, marketplace situations for REN were favorable for a few time.

The VORTECS™ Score, one of a kind to Cointelegraph, is an algorithmic evaluation of ancient and modern-day marketplace situations derived from a aggregate of information factors together with marketplace sentiment, buying and selling volume, current charge moves and Twitter activity.
VORTECS™ Score (inexperienced) vs. REN charge. Source: Cointelegraph Markets Pro

As visible withinside the chart above, the VORTECS™ Score for REN become withinside the inexperienced region for almost all of the beyond week and hit a excessive of eighty one on Sept. 21, round hours earlier than the charge extended 58% over the subsequent 3 days.

The nice momentum for REN has come because the protocol has released wrapped kinds of Bitcoin and DAI at the Ethereum (ETH) layer- answer Arbitrum.
Celer Network releases cBridge 2.zero

The Celer Network is any other Ethereum layer- scaling answer that has been gaining momentum in current weeks way to its cappotential to decrease transaction prices thru the usage of off-chain transaction handling, which enables to boom the scalability and the transaction throughput of its network.

VORTECS™ information from Cointelegraph Markets Pro started out to stumble on a bullish outlook for CELR on Sept. 20, previous to the current charge rise.
VORTECS™ Score (inexperienced) vs. CELR charge. Source: Cointelegraph Markets Pro

As visible withinside the chart above, the VORTECS™ Score for CELR climbed into the inexperienced on Sept. 18 and reached a excessive of seventy four on Sept. 20, round 26 hours earlier than its charge started out to boom with the aid of using 99% over the subsequent 3 days.

The boom in charge and call for for CELR has come following the release of its cBridge 2.zero cross-chain token bridge that enables the switch of belongings among more than one blockchain protocols, together with Ethereum, Binance Smart Chain and Arbitrum.

Related: Diminishing returns: Is Bitcoin underperforming as compared to altcoins?
Civic companions with Solrise Finance

Civic is a protocol targeted on offering a blockchain-primarily based totally identification control answer able to pleasing Know Your Customer (KYC) and Anti-Money Laundering (AML) necessities from regulators at the same time as additionally defensive the information and privateness of customers at the network.

VORTECS™ information from Cointelegraph Markets Pro started out to stumble on a bullish outlook for CVC on Sept. 21, previous to the current charge rise.
VORTECS™ Score (inexperienced) vs. CVC charge. Source: Cointelegraph Markets Pro

As visible withinside the chart above, the VORTECS™ Score for CVC started out to choose up on Sept. 21 and reached a excessive of seventy four round 8 hours earlier than its charge extended with the aid of using 45% over the subsequent days.

The raise in momentum for Civic comes following the Sept. 23 assertion that the protocol has partnered with Solrise Finance to assist release the primary permissioned decentralized exchange (DEX) on Solana.

The standard cryptocurrency marketplace cap now stands at $1.879 trillion and Bitcoin’s dominance charge is 42.1%.