FLUX, SFP, and Badger DAO rise even as Bitcoin price falls to $ 47,000

BTC price continued to fall, but new listings and protocol updates have given FLUX, SFP and BADGER a much needed boost.

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The one-year period that the cryptocurrency market flourished in December has proved to be a flop so far, with most cryptocurrencies coming under pressure from sellers in the past week, with Bitcoin (BTC) struggling to trade more than $ 47,000.

That said, this is good news for crypto holders on Friday, as several altcoins have shown double-digit profits from new listings and exchange updates.

Top 7 coins with the largest price change in 24 hours. Source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Professional and TradingView show that the biggest winners in the last 24 hours were Flux (FLUX), SafePal (SFP) and Badger DAO (BADGER).

Benefits of FLUX from Binance push

Flux is a GPU-enabled proof-of-work protocol that is designed to build a scalable, decentralized cloud infrastructure for Net 3.

VORTECS ™ data and NewsQuakes ™ alerts from Cointelegraph Marketplaces Professional gave a positive outlook for FLUX on December 9, ahead of recent price increases.

Exclusive to Cointelegraph, VORTECS ™ is an algorithmic comparison of current and historical market conditions based on a combination of data points such as market sentiment, trading volume, recent price movements, and Twitter activity.

VORTECS ™ -Counter (green) at FLUX price. Source: Cointelegraph Markets Pro

As you can see in the picture above, NewsQuake ™ FLUX issued a warning on December 9, less than an hour before the price soared 150% the next day.

The announcement that fueled the rapid rise in FLUX prices was the announcement that Binance will list the FLUX token on its platform. In the immediate aftermath of this announcement, FLUX rallied to a new all-time high of $ 4.01.

SafePal supports nine new networks.

The SafePal project is a cryptocurrency hardware and software wallet for investors who own assets on the Ethereum network, Binance Smart Chain and the Tron network.

Data from Cointelegraph Marketplaces Professional and TradingView show that after hitting a $ 1.55 low on December 6, the SFP price surged 45.84% and hit a daily high of $ 2.27 on December 10, when 24-hour trading volume surged 50% to $ 158 million. …

4-hour SFP / USDT chart. Source: TradingView

The expansion of SFP capabilities will come when the project releases an updated version of the wallet app and adds support for Cardano, Nervos Network, Avalanche, Fantom, HECO Chain, Songbird, BOBA Community, Optimism, and Arbitrum.

On the subject: Trader Cites Bitcoin Price Drop in 2017 Raises Double Top Concerns

Badger DAO is about to reactivate its smart contracts

Badger DAO is an open source decentralized autonomous organization that focuses on building products and infrastructure to enhance the utility of Bitcoin in a decentralized financial landscape.

VORTECS ™ data from Cointelegraph Markets Professional highlighted the optimistic outlook for BADGER on December 9, ahead of the latest price hike.

VORTECS ™ -Counter (green) relative to the BADGER price. Source: Cointelegraph Markets Professional

As you can see in the chart above, BADGER’s VORTECS ™ valuation rose to a low, peaking at 75 on December 9, about three hours before the price rallied 48% that day.

The positive price action for BADGER came when the magazine attempted to recover data after mining on December 2, which caused the project’s smart contracts to stop.

The total cryptocurrency market capitalization is $ 2.218 trillion, and the dominance of Bitcoin is 40.7%.