The impact of China’s new crypto ban is felt throughout the market, while REN, CELR and CVC ignore the bearish reaction. The growing momentum in the crypto money ecosystem in the last few days had pulled Bitcoin, which had just started to recover, from $ 45,000 to $ 42,000, with the news that China banned crypto money transactions on social media. Traders were quick to buy on the dips after the 10% surge recorded within saadollarser and some of the damage was repaired in today’s early saadollarser. Now, these 3 altcoin projects say they are defying the Chinese ban and will not fall…

Altcoin Ren brings DAI and BTC to Arbitrum

Ren is a Blockchain protocol focused on facilitating interoperability and liquidity transfer between different Blockchain networks through a series of dark nodes that help protect user privacy. The VORTECS Score, which is a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity, says the REN is bullish. VORTECS was in the green zone for most of last week for the REN and hit 81 on September 21, about two hours before the price rose 58% over the next three days. The positive momentum for the REN was captured when the protocol launched wrapped forms of Bitcoin and DAI on Ethereum (ETH) layer-second solution Arbitrum.

Celer Network releases cBridge 2.0

Celer Network is another Ethereum layer-second scaling solution that has gained momentum in recent weeks thanks to its ability to lower transaction costs through the use of off-chain transactions, helping to increase the scalability and throughput of its network. VORTECS data started to detect a bullish outlook for CELR on Sept. 20 before the last price hike. The indicator climbed green on September 18 and reached 74 on September 20, about 26 hours before its price started to increase by 99% over the next three days.

The surge in price and demand for CELR comes after the launch of the cBridge 2.0 cross-chain token bridge that facilitates the transfer of cryptocurrencies between multiple Blockchain protocols, including Ethereum, Binance Smart Chain and Arbitrum.

Solrise Finance and Civic partnership

Civic is a protocol focused on providing a Blockchain-based identity management solution that can meet regulators’ Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements while protecting the data and privacy of users on the network. VORTECS data began to detect a bullish outlook for CVC on Sept. 21 before the last price increase. Civic’s momentum comes after the September 23 announcement that the protocol has partnered with Solrise Finance to help launch the first permissioned decentralized exchange (DEX) in Solana.

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Michael Lewis


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