**Secret, Curve and Shiba Inu gains suggest that altseason is coming**
SCRT and SHIB surge to new highs, while CRV’s rally breaks a nearly year-long sideways trend.
Calls for an altseason continue to grow louder as the price action in the altcoin market has been on the rise for a few days. Meanwhile, Bitcoin (BTC) continues to consolidate below its all-time high near the $62,000 support level.
Oftentimes, moves in altcoins center around one specific sector of tokens, such as meme coins or decentralized finance protocols, but the current market is seeing rises across all sectors, which is possibly a sign that altseason is, in fact, heating up.
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 Secret (SCRT), Curve (CRV) and Shiba Inu (SHIB).
Secret partners with OpenSea to launch anonymous NFTs
The Secret Network is a blockchain protocol with built-in data privacy for smart contracts and decentralized applications that is powered by its native SCRT token.
According to data from Cointelegraph Markets Pro, market conditions for SCRT have been favorable for some time.
The VORTECS™ Score, exclusive 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.
VORTECS™ Score (green) vs. SCRT price. Source: Cointelegraph Markets Pro
As seen in the chart above, the VORTECS™ Score for SCRT began to pick up on Oct. 22 and reached a high of 79 on Oct. 24, around six hours before the price increased 65% over the next two days to set a new record high at $9.66.
The rising price and momentum for SCRT came following the launch of the first anonymous nonfungible tokens (NFTs) on the Secret Network, which was made possible by a recent partnership with the largest NFT marketplace OpenSea.
Curve expands its ecosystem
CRV is the native token of the Curve ecosystem, which is a decentralized exchange for stablecoins and uses an automated market maker to manage liquidity on the protocol.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CRV on Oct. 25, prior to the recent price rise.
VORTECS™ Score (green) vs. SHIB price. Source: Cointelegraph Markets Pro
As seen in the chart above, the VORTECS™ Score for SHIB began to pick up on Oct. 23 and climbed to a high of 89 on Oct. 24, around seven hours before the price increased by 40.7% over the next two days to establish a new all-time high at $0.000049.
The surging price of SHIB comes following the introduction of the Shiboshi Social Club, which is exclusively for Shiboshi NFT owners and offers exclusive perks for all members of the community.
The overall cryptocurrency market cap now stands at $2.621 trillion and Bitcoin’s dominance rate is 45%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.