Near Protocol, Algorand and PowerPool rebound while Bitcoin consolidates

Near Protocol, Algorand and PowerPool rebound while Bitcoin consolidates


The wider cryptocurrency market appears to be in the early stages of a recovery with many altcoins regaining their footing after correcting by 20% to 30% on Sept. 7 when Bitcoin (BTC) fell below $43,000.  

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 NEAR Protocol (NEAR), Algorand (ALGO) and PowerPool (CVP).

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NEAR Protocol gains 64%

The top gainer NEAR Protocol is a decentralized proof-of-stake protocol focused on offering faster transaction speeds at a lower cost to help facilitate the adoption of blockchain technology.

Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low of $5.44 on Sept. 7, the price of NEAR surged 100% to a new record high at $10.79 on Sept. 8 as its 24-hour trading volume surged 260% to a record $2.27 billion.

NEAR/USDT 4-hour chart. Source: TradingView

The spike in momentum for the

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