The wider crypto market has a look-and-see feel to information technology on Aug. 25 equally the price of Bitcoin (BTC) dipped to $47,360 before rebounding off the lower back up of the ascending channel to reclaim the $48,000 level.

Despite the swift turnaround, analysts are still wary and well-known financial analyst John Bollinger warned investors that it might exist a proficient fourth dimension to secure some profit.

Several altcoins take managed to overcome the general market angst to postal service double-digit gains on Wed equally decentralized finance (DeFi) and nonfungible tokens (NFT) continue to push college.

Top seven coins with the highest 24-hr toll alter. Source: Cointelegraph Markets Pro

Information from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the by 24-hours were Telos (TLOS), Gnosis (GNO) and Alpha Finance Labs (ALPHA).

Telos finalizes its bridge to Ethereum

The meridian-performing token on the 24-hour chart was Telos, a scalable blockchain network created from EOSIO software with a focus on the cosmos of NFTs and smart contracts for decentralized finance, gaming and social media.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for TLOS on Aug. 22, prior to the recent cost rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of celebrated and electric current market place weather derived from a combination of information points including market sentiment, trading volume, contempo price movements and Twitter activity.

VORTECS™ Score (greenish) vs. TLOS toll. Source: Cointelegraph Markets Pro

As seen in the nautical chart above, the VORTECS™ Score for TLOS began to shift positive on Aug. 22 and reached a high of 71 on Aug. 23, roughly ix hours before its cost began to increment past 45% over the next two days.

Excitement for the project has been on the rise over the past week as the Telos network prepares to release its Ethereum Virtual Machine (EVM) which will enable the bridging of assets between the two protocols.

Gnosis rallies afterwards creating a DAO

Gnosis connected to see stiff demand as developers on the projection turned their attending toward the creation of a decentralized autonomous arrangement (DAO) for its asset direction organisation chosen Gnosis Safe.

According to information from Cointelegraph Markets Pro, market conditions for GNO take been favorable for some fourth dimension.

VORTECS™ Score (green) vs. GNO price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for GNO has been in the green for much of the past calendar week and reached a high of 75 on Aug. 22, around eight hours before the price increased 52% over the next two days.

Related: Ethereum supply shock: Exchange ETH reserves continue to autumn later on a 26% drop in 2021

Protocol upgrades provide a boost for Blastoff Finance Lab

Alpha Finance Lab, a leverage-providing DeFi protocol, has been the third-biggest gainer on the 24-hour nautical chart thanks in large part to the release of Alpha Homora V2 which includes a new 'Minimal Function Manner' designed specifically for leveraged yield farmers.

VORTECS™ Score (green) vs. Blastoff price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for Alpha starting time turned light-green on Aug. 19 and climbed into the dark green zone to hit a high at 81 on Aug. twenty. This was approximately 30 hours before ALPHA price increased 31% over the next three days.

The token also got a boost of momentum on Aug. 20 after Alpha was selected as the Binance Launchpad projection of the year for being the best performing project to come out of the commutation's incubator in 2021.

The overall cryptocurrency marketplace cap now stands at $2.091 trillion and Bitcoin'southward dominance rate is 43.8%.

The views and opinions expressed here are solely those of the author and practice non necessarily reflect the views of Cointelegraph.com. Every investment and trading motion involves take chances, you should conduct your own research when making a decision.