ECOMI, Aragon and Ramp break out after Bitcoin price surged above $ 49,000

OMI, ANT and RAMP are up 20% after bitcoin and the broader crypto sector reacted positively to today’s announcements from the Federal Reserve.

Altcoin watches

Cryptocurrency prices and investor sentiment shifted on December 15 after Federal Reserve Chairman Jerome Powell confirmed the bank’s plan to raise rates in 2022 and slow down its bond buying program, which began with the outbreak of the coronavirus in March 2020.

Following the announcement, the price of Bitcoin (BTC) surged 1.65% to over $ 49,000, and Ether climbed back above the $ 4,000 mark. They were followed by altcoins with their usual double-digit gains, and now it looks like the bulls have regained control of the market.

7 coins were withdrawn with the maximum price change in 24 hours. Source: Cointelegraph Marketplaces Pro

Cointelegraph Markets Pro and TradingView data show that ECOMI (OMI), Aragon (ANT) and RAMP have won the most in the last 24 hours.

ECOMI changes to unchanged

ECOMI is a technology company focused on creating a blockchain-based digital collectibles market where users can buy and share Indiscernible Tokens (NFTs) through a social media service using the project’s own OMI token as a medium of exchange.

VORTECS ™ data from Cointelegraph Marketplaces Pro highlighted the upbeat outlook for OMI on December 1 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 ™ -Score (green) compared to OMI price. Source: Cointelegraph Marketplaces Professional

As you can see in the chart above, OMI’s VORTECS ™ index climbed into the green, peaking at 81 on December 1, about 96 hours before the price started to rally 39% over the next ten days.

The evolution of OMI comes when the ECOMI ecosystem moves to Immutable, an Ethereum (ETH) scaling solution specifically designed for NFT projects.

Aragon organizes DAO hackathon

The Aragon Ethereum networking protocol helps Decentralized Autonomous Organizations (DAOs) design governance structures to create incentives for community participation.

Cointelegraph Markets Pro VORTECS ™ data showed an upbeat outlook for ANT on December 12, ahead of recent price increases.

VORTECS ™ -Counter (dark gray) at ANT price. Source: Cointelegraph Marketplaces Professional

As you can see in the above graph, ANT’s VORTECS ™ started to rise on December 12, peaking at 70 in about two hours and then rising 60% over the next two days.

The ANT Prize Draw coincides with the global DAO hackathon to bring developers into the Aragon ecosystem, and the DAOpunks NFT project is rumored to be playing for the owners.

On the subject: Bitcoin price is dropping “tremendously” as retailer purchases most of the bitcoin after the March 2020 crash.

RAMP benefits from incentives to extract liquidity

RAMP is a DeFi (Multi-Chain-Decentraled Finance) protocol that helps investors improve their return on investment.

Data from Cointelegraph Markets Pro and TradingView show that after hitting a low of $ 0.179 on December 14, the RAMP price climbed 52.56% to a daily high of $ 0.274 on May 15 as trading volume in the 24th hour surged 800% to 54.2 million dollars. …

RAMP / USDT 4-hour chart. Source: TradingView

The RAMP price rose after the introduction of the liquidity extraction incentive program, which led to a significant increase in the total value specified in the protocol. There are currently $ 63.3 million invested in Ethereum, Polygon and Binance Wise Chain.

The total cryptocurrency market capitalization is $ 2.126 trillion, and the dominance of bitcoin is 41.7%.