The bullish momentum that had been growing across the cryptocurrency ecosystem over the by few days came to a screeching halt on Sept. 24 as news that Red china had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the cost of Bitcoin (BTC) from $45,000 to $42,000.

Afterwards the initial genu-jerk reaction and a brief menstruation of time for the market to digest the news, traders jumped back in to purchase the dips on several altcoins, which helped some of the losses seen earlier in the day.

Tiptop 7 coins with the highest 24-hour cost modify. Source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and TradingView shows that iii of the biggest gainers over the past 24-hours were Ren (REN), Celer Network (CELR) and Civic (CVC).

Ren brings DAI and BTC to Arbitrum

Ren is a blockchain protocol that focuses on facilitating interoperability and liquidity transfer between different blockchain networks through a serial of darknodes that aid to protect user privacy.

Co-ordinate to information from Cointelegraph Markets Pro, market weather for REN 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, contempo price movements and Twitter activeness.

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

Every bit seen in the chart above, the VORTECS™ Score for REN was in the dark-green zone for the majority of the by calendar week and striking a high of 81 on Sept. 21, around ii hours before the price increased 58% over the next 3 days.

The positive momentum for REN has come up as the protocol has launched wrapped forms of Bitcoin and DAI on the Ethereum (ETH) layer-two solution Arbitrum.

Celer Network releases cBridge two.0

The Celer Network is some other Ethereum layer-two scaling solution that has been gaining momentum in recent weeks cheers to its ability to lower transaction costs through the utilize of off-chain transaction treatment, which helps to increment the scalability and the transaction throughput of its network.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CELR on Sept. 20, prior to the recent price rising.

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

As seen in the chart above, the VORTECS™ Score for CELR climbed into the green on Sept. eighteen and reached a high of 74 on Sept. 20, around 26 hours before its cost began to increment past 99% over the next three days.

The increase in price and demand for CELR has come following the launch of its cBridge ii.0 cross-concatenation token bridge that facilitates the transfer of assets betwixt multiple blockchain protocols, including Ethereum, Binance Smart Chain and Arbitrum.

Related: Diminishing returns: Is Bitcoin underperforming compared to altcoins?

Borough partners with Solrise Finance

Civic is a protocol focused on providing a blockchain-based identity management solution capable of satisfying Know Your Client (KYC) and Anti-Money Laundering (AML) requirements from regulators while also protecting the information and privacy of users on the network.

VORTECS™ information from Cointelegraph Markets Pro began to find a bullish outlook for CVC on Sept. 21, prior to the recent toll rise.

VORTECS™ Score (dark-green) vs. CVC price. Source: Cointelegraph Markets Pro

Every bit seen in the chart above, the VORTECS™ Score for CVC began to option upwardly on Sept. 21 and reached a high of 74 around eight hours before its price increased by 45% over the next two days.

The boost in momentum for Borough comes following the Sept. 23 announcement that the protocol has partnered with Solrise Finance to assist launch the kickoff permissioned decentralized commutation (DEX) on Solana.

The overall cryptocurrency market cap now stands at $1.879 trillion and Bitcoin'southward dominance charge per unit is 42.ane%.

The views and opinions expressed here are solely those of the author and do not necessarily reverberate the views of Cointelegraph.com. Every investment and trading move involves risk, yous should conduct your own research when making a decision.