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QSP, XDB and AST post double digit gains amid sideways market

Cryptocurrency market activity was largely subdued on April 15 as traders across the United States took an early weekend thanks to the shutdown of financial markets for Good Friday observance.

A survey of the top 20 tokens suggests a relatively flat trading day, with Bitcoin (BTC) holding support above $40,000. Several lower-ranking altcoins have posted double-digit gains on recent protocol developments.

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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 have been Quantstamp (QSP), DigitalBits (XDB) and AirSwap (AST).

Quantstamp launches NFT Combinator

Blockchain security and code audit provider Quantstamp led altcoin fees as the token price surged 35% to an intraday high of $0.0804 on April 15.

Cointelegraph Markets Pro VORTECS™ data began spotting a bullish outlook for QSP on April 14, ahead of the recent price surge.

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

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

As seen in the chart above, the VORTECS™ score for QSP went green, peaking at 76 on April 14, about three hours before the price surged 35% the next day.

The uptick for QSP follows the launch of NFT Combinator, a new platform created by Quantstamp to help incubate emerging digital artists and help them launch their early collections.

DigitalBits works with David Beckham

DigitalBits is a protocol-level blockchain purpose-built to support branded currencies and consumer digital assets.

Data from Cointelegraph Markets Pro and TradingView shows that XDB’s price rose 28% from a low of $0.317 on April 14 to an intraday high of $0.404 on April 15, while 24-hour trading volume surged 162% increase.

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XDB/USDT 4 hour chart. Source: TradingView

XDB’s momentum was ignited with the signing of popular soccer player David Beckham as a global ambassador for DigitalBits, to help spread awareness of the project around the world.

Related: President Biden Announces Former Ripple Advisor as Fed Vice-Chairman Choice for Oversight

Airswap launches on Avalanche

The Airswap Protocol is a developer-focused Decentralized Autonomous Organization (DAO) specializing in the creation of decentralized trading systems.

Cointelegraph Markets Pro VORTECS™ data began spotting a bullish outlook for AST on April 12, ahead of the recent price surge.

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

As shown in the chart above, the VORTECS™ score for AST peaked at 76 on April 12, about 60 hours before the price surged 24% the next day.

The price reversal for AST follows the March 30 launch of AirSwap v3 and the April 15 integration of the protocol with the Avalanche network, which offers AirSwap users lower transaction fees when conducting token swaps.

The total cryptocurrency market cap is currently $1.877 trillion and Bitcoin’s dominance rate is 40.9%.

The views and opinions expressed herein 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 do your own research when making a decision.