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SHIB, RGT and AMPL shake off Fed taper comments by notching double-digit gains

Volatility reared its ugly throne for a second day without growing fear of the new Omicron Covid-19 variant and the Federal Reserve’s ticket that an older than expected welding to its yoke ownership program protract to impact global stock markets. The impact of these concerns towards to have impacted Bitcoin price and this morning the digital windfall retreated from its intraday upper at $59,175, falling to as low as $55,875.

It’s not all bad news for crypto holders, however, several altcoins have racked up notable gains over the past 24-hours.

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Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Shiba Inu (SHIB), Rari Governance Token (RGT) and Ampleforth (AMPL).

Shiba Inu reveals gaming and Metaverse plan

Shiba Inu is a meme forge that operates on the Ethereum (ETH) network and has risen in popularity over the undertow of 2021 by embracing emerging trends like nonfungible tokens (NFT) and decentralized finance (DeFi).

VORTECS™ data from Cointelegraph Markets Pro began to snift a bullish outlook for SHIB on Nov. 29, prior to the recent price rise.

The VORTECS™ Score, sectional to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

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

As seen in the orchestration above, while the VORTECS™ Score for SHIB has remained relatively unappetizing over the past week, the NewsQuakes™ zestful system from Cointelegraph Markets Pro posted three updates virtually 15 hours surpassing the price increased by 42% over the next day.

SHIB’s price spike comes without the token listed on Kraken mart and the news that Shiba Inu partnering with William Volk, the former VP of Tech at Activision, to create games for the project’s ecosystem and foray into the Metaverse.

Related: Shiba Inu gains over 30% in just 2 days as Kraken announces SHIB listing

Rari Capital holds $1.5 billion in value

The Rari Governance token is the native token of Rari Capital, a non-custodial DeFi Robo-advisor that enables users to autonomously earn a yield with their crypto holdings.

VORTECS™ data from Cointelegraph Markets Pro began to snift a bullish outlook for RGT on Nov. 25, prior to the recent price rise.

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

As seen in the orchestration above, the VORTECS™ Score for RGT spiked into the untried zone and reached a upper of 77 on Nov. 25, virtually 78 hours surpassing the price increased 51.5% over the next two days.

The rally in RGT comes as the protocol surpassed $1.5 billion in total value locked and launched a new shield mining wayfarers with Nexus Mutual (NXM) where NXM stakers can earn RGT for their staking activities.

Ampleforth adds a wrapper

Ampleforth is a rebase project hosted on the Ethereum network that uses an algorithmically adjusted circulating supply that aims to be the wiring money for a decentralized economy that can remain decoupled from the price whoopee of other cryptocurrencies.

Data from Cointelegraph Markets Pro and TradingView shows that without hitting a low of $0.75 on Nov. 22, the price of AMPL has rallied 87.5% to a daily upper at $1.41 on Nov. 30.

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AMPL/USDT 4-hour chart. Source: TradingView

The rally appears to be unfluctuating to the release of wAMPL, a wrapped version of AMPL that does not rebase and can be increasingly hands used throughout the DeFi ecosystem.

The overall cryptocurrency market cap now stands at $2.613 trillion and Bitcoin’s dominance rate is 41.1%.

The views and opinions expressed here are solely those of the tragedian and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should self-mastery your own research when making a decision.

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